CalAmp Corp. (NASDAQ: CAMP): Can A Stock That’s Down -22.24% YTD Still Be Considered In Loss Territory? – Marketing Sentinel
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CalAmp Corp. (NASDAQ: CAMP): Can A Stock That’s Down -22.24% YTD Still Be Considered In Loss Territory?

During the last session, CalAmp Corp. (NASDAQ:CAMP)’s traded shares were 0.32 million, with the beta value of the company hitting 2.30. At the end of the trading day, the stock’s price was $5.49, reflecting an intraday gain of 9.58% or $0.48. The 52-week high for the CAMP share is $14.51, that puts it down -164.3 from that peak though still a striking 14.39% gain since the share price plummeted to a 52-week low of $4.70. The company’s market capitalization is $207.08M, and the average intraday trading volume over the past 10 days was 0.33 million shares, and the average trade volume was 257.07K shares over the past three months.

CalAmp Corp. (NASDAQ:CAMP) trade information

CalAmp Corp. (CAMP) registered a 9.58% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 9.58% in intraday trading to $5.49 this Friday, 05/13/22, hitting a weekly high. The stock’s 5-day price performance is 5.37%, and it has moved by -13.54% in 30 days. Based on these gigs, the overall price performance for the year is -56.77%. The short interest in CalAmp Corp. (NASDAQ:CAMP) is 1.35 million shares and it means that shorts have 4 day(s) to cover.

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CalAmp Corp. (CAMP) estimates and forecasts

Statistics show that CalAmp Corp. has outperformed its competitors in share price, compared to the industry in which it operates. CalAmp Corp. (CAMP) shares have gone down -48.45% during the last six months, with a year-to-date growth rate more than the industry average at 25.00% against 3.30. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -7.10% this quarter and then jump 12.50% in the quarter after that. In the rating firms’ projections, revenue will decrease -9.90% compared to the previous financial year.

Revenue for the current quarter is expected to be $71.43 million as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to $74.2 million by the end of May 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $81.95 million and $80.25 million respectively. In this case, analysts expect current quarter sales to shrink by -12.80% and then drop by -7.50% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -32.00%. While earnings are projected to return -43.60% in 2022, the next five years will return 12.00% per annum.

CAMP Dividends

CalAmp Corp. is due to release its next quarterly earnings between April 20 and April 25. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

CalAmp Corp. (NASDAQ:CAMP)’s Major holders

CalAmp Corp. insiders own 2.92% of total outstanding shares while institutional holders control 79.46%, with the float percentage being 81.84%. Blackrock Inc. is the largest shareholder of the company, while 186 institutions own stock in it. As of Dec 30, 2021, the company held over 5.51 million shares (or 45.86% of all shares), a total value of $38.9 million in shares.

The next largest institutional holding, with 3.51 million shares, is of Trigran Investments Inc’s that is approximately 29.21% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $24.78 million.

Also, the Mutual Funds coming in first place with the largest holdings of CalAmp Corp. (CAMP) shares are iShares Core S&P Smallcap ETF and Royce Opportunity Fund. Data provided on Dec 30, 2021 indicates that iShares Core S&P Smallcap ETF owns about 2.52 million shares. This amounts to just over 20.96 percent of the company’s overall shares, with a $17.78 million market value. The same data shows that the other fund manager holds slightly less at 1.04 million, or about 8.63% of the stock, which is worth about $7.32 million.

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