Comtech Telecommunications Corp. (NASDAQ: CMTL) is -58.36% lower on its value in year-to-date trading and has touched a low of $3.06 and a high of $13.04 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CMTL stock was last observed hovering at around $3.13 in the last trading session, with the day’s gains setting it 0.38%.
Currently trading at $3.51, the stock is -29.68% and -41.92% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.28 million and changing 12.14% at the moment leaves the stock -60.01% off its SMA200. CMTL registered -71.35% loss for a year compared to 6-month loss of -59.04%. The firm has a 50-day simple moving average (SMA 50) of $0.76 and a 200-day simple moving average (SMA200) of $12.71.
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The stock witnessed a -45.24% gain in the last 1 month and extending the period to 3 months gives it a -59.09%, and is 1.45% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.08% over the week and 10.44% over the month.
Comtech Telecommunications Corp. (CMTL) has around 1718 employees, a market worth around $99.93M and $571.27M in sales. Fwd P/E is 11.60. Profit margin for the company is -8.46%. Distance from 52-week low is 14.71% and -73.08% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.97%).
Comtech Telecommunications Corp. quarterly earnings per share for the current quarter are estimated at $0.07 with sales reaching $136.42M over the same period.The EPS is expected to grow by 28.31% this year, but quarterly earnings will post 3.40% year-over-year.
181 institutions hold shares in Comtech Telecommunications Corp. (CMTL), with institutional investors hold 78.08% of the company’s shares. The shares outstanding are 28.06M, and float is at 26.47M with Short Float at 5.62%. Institutions hold 74.50% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 1.82 million shares valued at $16.62 million. The investor’s holdings represent 6.46% of the CMTL Shares outstanding. As of Jun 29, 2023, the second largest holder is Dimensional Fund Advisors LP with 1.52 million shares valued at $13.85 million to account for 5.39% of the shares outstanding. The other top investors are Archon Capital Management LLC which holds 1.49 million shares representing 5.29% and valued at over $13.6 million, while Vanguard Group Inc holds 4.89% of the shares totaling 1.38 million with a market value of $12.57 million.
Comtech Telecommunications Corp. (CMTL) Insider Activity
The most recent transaction is an insider purchase by Carpenter Wendi B., the company’s Director. SEC filings show that Carpenter Wendi B. bought 1,000 shares of the company’s common stock on Jun 26 ’23 at a price of $9.60 per share for a total of $9600.0. Following the purchase, the insider now owns 4506.0 shares.
Comtech Telecommunications Corp. disclosed in a document filed with the SEC on Jun 21 ’23 that Quinlan Mark R. (Director) bought a total of 100,000 shares of the company’s common stock. The trade occurred on Jun 21 ’23 and was made at $8.89 per share for $0.89 million. Following the transaction, the insider now directly holds 0.35 million shares of the CMTL stock.
Still, SEC filings show that on Jun 15 ’23, Carpenter Wendi B. (Director) acquired 1,000 shares at an average price of $9.20 for $9200.0. The insider now directly holds 3,500 shares of Comtech Telecommunications Corp. (CMTL).
