Last Updated: 19 Sep 2024
Executive Summary
Clean Energy Technologies, Inc. (CETY) is a small-cap company in the manufacturing sector, specializing in printed circuit boards. Despite its focus on clean energy products, the company has faced financial challenges in recent quarters, with negative earnings and a declining revenue trend. The stock price currently stands at $0.92, near its 52-week low.
Company Overview
CETY designs, produces, and markets energy efficiency and renewable energy solutions. The company's products include solar panels, energy storage systems, and LED lighting. CETY operates in the United States and has a global presence through its distribution network.
Fundamental Analysis
Financial Performance: CETY has reported consistent losses in recent quarters. The company's EBITDA for the latest quarter was -$3.36 million, and its diluted EPS was -$0.14. Revenue has also declined by 0.928% year-over-year.
Profitability: CETY's profit margins are negative, indicating that the company is struggling to generate profits from its operations. The company's operating margin for the latest quarter was -4.966%.
Valuation: Based on the current stock price, CETY has a market capitalization of $41.00 million. The company's price-to-sales ratio of 3.026 and price-to-book ratio of 9.31 suggest that the stock is undervalued compared to its peers.
Technical Analysis
Trend: CETY's stock price has been trending downward in recent months. The 50-day and 200-day moving averages are both below the current price, indicating a bearish trend.
Support and Resistance: The 52-week low of $0.45 represents a potential support level for the stock. The 52-week high of $2 represents a potential resistance level.
Momentum: The Relative Strength Index (RSI) for CETY is currently at 32.92, indicating that the stock is in oversold territory.
Short Term Outlook
In the short term, CETY's stock price is likely to remain under pressure due to its weak financial performance and negative earnings trend. The stock may find support at the 52-week low of $0.45, but a break below this level could lead to further declines.
Long Term Outlook
CETY's long-term outlook depends on its ability to improve its financial performance and generate sustainable profits. The company's focus on clean energy products could provide growth opportunities in the future, but it faces competition from larger and more established players in the industry.
Analyst Recommendations
There are currently no analyst recommendations available for CETY.
