Comtech Telecommunications Corp (NASDAQ: CMTL) is -67.08% lower on its value in year-to-date trading and has touched a low of $1.21 and a high of $5.16 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 $1.29 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $1.32, the stock is -14.20% and -27.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.13 million and changing 2.33% at the moment leaves the stock -55.32% off its SMA200. CMTL registered -34.65% loss for a year compared to 6-month loss of -69.01%. The firm has a 50-day simple moving average (SMA 50) of $1.8212 and a 200-day simple moving average (SMA200) of $2.95455.
The stock witnessed a -31.96% gain in the last 1 month and extending the period to 3 months gives it a -50.38%, and is -2.94% 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 7.79% over the week and 8.88% over the month.
Comtech Telecommunications Corp (CMTL) has around 1676 employees, a market worth around $38.74M and $496.64M in sales. Profit margin for the company is -56.35%. Distance from 52-week low is 9.09% and -74.42% from its 52-week high. The company has generated returns on investments over the last 12 months (-100.06%).
with sales reaching $124.12M over the same period.The EPS is expected to shrink by -30.35% this year, but quarterly earnings will post -8.56% year-over-year. Quarterly sales are estimated to shrink -3.09% in year-over-year returns.
99.0 institutions hold shares in Comtech Telecommunications Corp (CMTL), with institutional investors hold 55.97% of the company’s shares. The shares outstanding are 29.35M, and float is at 26.26M with Short Float at 7.29%. Institutions hold 51.02% 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.
