Comtech Telecommunications Corp (NASDAQ: CMTL) is -48.16% lower on its value in year-to-date trading and has touched a low of $1.53 and a high of $8.71 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 $4.03 in the last trading session, with the day’s gains setting it 0.34%.
Currently trading at $4.37, the stock is 23.64% and 30.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.87 million and changing 8.44% at the moment leaves the stock 41.03% off its SMA200. CMTL registered -49.07% loss for a year compared to 6-month gain of 40.06%. The firm has a 50-day simple moving average (SMA 50) of $3.3516 and a 200-day simple moving average (SMA200) of $3.1059.
The stock witnessed a 22.75% loss in the last 1 month and extending the period to 3 months gives it a 6.85%, and is 40.06% 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 19.86% over the week and 12.19% over the month.
Comtech Telecommunications Corp (CMTL) has around 1676 employees, a market worth around $127.27M and $540.40M in sales. Profit margin for the company is -25.06%. Distance from 52-week low is 185.60% and -49.83% from its 52-week high. The company has generated returns on investments over the last 12 months (-19.71%).
The EPS is expected to grow by 83.46% this year
94.0 institutions hold shares in Comtech Telecommunications Corp (CMTL), with institutional investors hold 60.42% of the company’s shares. The shares outstanding are 28.73M, and float is at 26.06M with Short Float at 3.91%. Institutions hold 55.03% 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.
