Comtech Telecommunications Corp (CMTL) Analysis & Forecast for 2024

Comtech Telecommunications Corp (NASDAQ: CMTL) is -70.70% lower on its value in year-to-date trading and has touched a low of $1.53 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 $2.91 in the last trading session, with the day’s loss setting it -0.44%.

Currently trading at $2.47, the stock is -36.76% and -33.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.24 million and changing -15.12% at the moment leaves the stock -33.21% off its SMA200. CMTL registered -80.40% loss for a year compared to 6-month gain of 18.75%. The firm has a 50-day simple moving average (SMA 50) of $3.756 and a 200-day simple moving average (SMA200) of $3.71995.

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The stock witnessed a -44.37% loss in the last 1 month and extending the period to 3 months gives it a -12.10%, and is -35.59% down 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 14.16% over the week and 10.13% over the month.

Comtech Telecommunications Corp (CMTL) has around 1676 employees, a market worth around $55.77M and $540.40M in sales. Profit margin for the company is -25.06%. Distance from 52-week low is 61.43% and -81.06% from its 52-week high. The company has generated returns on investments over the last 12 months (-19.71%).

with sales reaching $126.03M over the same period.The EPS is expected to grow by 79.84% this year, but quarterly earnings will post 3.80% year-over-year. Quarterly sales are estimated to shrink -17.00% in year-over-year returns.

Comtech Telecommunications Corp (CMTL) Top Institutional Holders

123.0 institutions hold shares in Comtech Telecommunications Corp (CMTL), with institutional investors hold 62.90% of the company’s shares. The shares outstanding are 28.73M, and float is at 25.85M with Short Float at 4.15%. Institutions hold 57.17% of the Float.

The top institutional shareholder in the company is VANGUARD GROUP INC with over 1.35 million shares valued at $4.09 million. The investor’s holdings represent 4.6786% of the CMTL Shares outstanding. As of 2024-06-30, the second largest holder is NEEDHAM INVESTMENT MANAGEMENT LLC with 1.27 million shares valued at $3.86 million to account for 4.4188 of the shares outstanding. The other top investors are CLEARFIELD CAPITAL MANAGEMENT LP which holds 1.25 million shares representing 4.3426% and valued at over $3.8 million, while BALYASNY ASSET MANAGEMENT L.P. holds 3.9572 of the shares totaling 1.14 million with a market value of $3.46 million.