In recent trading session, Comtech Telecommunications Corp. (NASDAQ:CMTL) saw 0.3 million shares changing hands at last check today with its beta currently measuring 1.58. Company’s recent per share price level of $3.98 trading at -$0.41 or -9.24% at last check today assigns it a market valuation of $113.39M. That most recent trading price of CMTL’s stock is at a discount of -227.64% from its 52-week high price of $13.04 and is indicating a premium of 61.56% from its 52-week low price of $1.53. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.26 million shares which gives us an average trading volume of 370.27K if we extend that period to 3-months.
For Comtech Telecommunications Corp. (CMTL), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
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Comtech Telecommunications Corp. (NASDAQ:CMTL) trade information
Upright in the red during last session for losing -9.24%, in the last five days CMTL remained trading in the red while hitting it’s week-highest on Monday, 10/14/24 when the stock touched $3.98 price level, adding 13.48% to its value on the day. Comtech Telecommunications Corp.’s shares saw a change of -52.79% in year-to-date performance and have moved -8.51% in past 5-day. Comtech Telecommunications Corp. (NASDAQ:CMTL) showed a performance of 17.75% in past 30-days. Number of shares sold short was 1.25 million shares which calculate 2.57 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 9 to the stock, which implies a rise of 55.78% to its recent value today. Analysts have been projecting 3.5 as a low price target for the stock while placing it at a high target of 14.5. It follows that stock’s current price would jump 12.06% in reaching the projected high whereas dropping to the targeted low would mean a gain of 12.06% for stock’s current value.
Comtech Telecommunications Corp. (CMTL) estimates and forecasts
Statistics highlight that Comtech Telecommunications Corp. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 112.27% of value to its shares in past 6 months, showing an annual growth rate of -52.31% while that of industry is 6.70. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.
In 2024, company’s earnings growth rate is likely to be around -5.37% while estimates for its earnings growth in next 5 years are of 8.00%.
Comtech Telecommunications Corp. (NASDAQ:CMTL)’s Major holders
Insiders are in possession of 9.23% of company’s total shares while institution are holding 57.91 percent of that, with stock having share float percentage of 63.79%. Investors also watch the number of corporate investors in a company very closely, which is 57.91% institutions for Comtech Telecommunications Corp. that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at CMTL for having 1.35 million shares of worth $4.09 million. And as of 2024-06-30, it was holding 4.6786 of the company’s outstanding shares.
The second largest institutional holder is NEEDHAM INVESTMENT MANAGEMENT LLC, which was holding about 1.27 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.4188 of outstanding shares, having a total worth of $3.86 million.
On the other hand, Needham Aggressive Growth Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 1.07 shares of worth $4.41 million or 3.77% of the total outstanding shares. The later fund manager was in possession of 863.56 shares on Jun 30, 2024 , making its stake of worth around $3.54 million in the company or a holder of 3.03% of company’s stock.
