Comtech Telecommunications Corp (NASDAQ: CMTL) is -50.12% lower on its value in year-to-date trading and has touched a low of $1.53 and a high of $7.28 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 $2.10 in the last trading session, with the day’s loss setting it -0.1%.
Currently trading at $2.00, the stock is -31.58% and -38.81% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.1 million and changing -4.76% at the moment leaves the stock -35.04% off its SMA200. CMTL registered -70.54% loss for a year compared to 6-month gain of -38.27%. The firm has a 50-day simple moving average (SMA 50) of $3.269 and a 200-day simple moving average (SMA200) of $3.07905.
The stock witnessed a -53.05% loss in the last 1 month and extending the period to 3 months gives it a -49.11%, and is -18.37% 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 10.18% over the week and 14.07% over the month.
Comtech Telecommunications Corp (CMTL) has around 1676 employees, a market worth around $58.34M and $504.29M in sales. Profit margin for the company is -57.12%. Distance from 52-week low is 30.71% and -72.53% from its 52-week high. The company has generated returns on investments over the last 12 months (-87.87%).
with sales reaching $118.75M over the same period.The EPS is expected to shrink by -7.11% this year, but quarterly earnings will post -10.41% year-over-year. Quarterly sales are estimated to shrink -11.53% in year-over-year returns.
Comtech Telecommunications Corp (CMTL) Top Institutional Holders
95.0 institutions hold shares in Comtech Telecommunications Corp (CMTL), with institutional investors hold 61.61% of the company’s shares. The shares outstanding are 43.93M, and float is at 26.09M with Short Float at 4.22%. Institutions hold 56.12% 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.
Comtech Telecommunications Corp (CMTL) Insider Activity
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