During the last session, Comtech Telecommunications Corp (NASDAQ:CMTL)’s traded shares were 0.37 million, with the beta value of the company hitting 1.56. At the end of the trading day, the stock’s price was $3.36, reflecting an intraday loss of -2.89% or -$0.1. The 52-week high for the CMTL share is $8.71, that puts it down -159.23 from that peak though still a striking 54.46% gain since the share price plummeted to a 52-week low of $1.53. The company’s market capitalization is $97.86M, and the average intraday trading volume over the past 10 days was 0.3 million shares, and the average trade volume was 461.64K shares over the past three months.
Comtech Telecommunications Corp (CMTL) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.33. CMTL has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.36.
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Comtech Telecommunications Corp (NASDAQ:CMTL) trade information
Comtech Telecommunications Corp (CMTL) registered a -2.89% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.89% in intraday trading to $3.36, hitting a weekly high. The stock’s 5-day price performance is -5.35%, and it has moved by 32.81% in 30 days. Based on these gigs, the overall price performance for the year is -55.44%. The short interest in Comtech Telecommunications Corp (NASDAQ:CMTL) is 1.01 million shares and it means that shorts have 2.16 day(s) to cover.
The consensus price target of analysts on Wall Street is $3.5, which implies an increase of 4.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.5 and $3.5 respectively. As a result, CMTL is trading at a discount of -4.17% off the target high and -4.17% off the low.
Comtech Telecommunications Corp (CMTL) estimates and forecasts
Statistics show that Comtech Telecommunications Corp has underperformed its competitors in share price, compared to the industry in which it operates. Comtech Telecommunications Corp (CMTL) shares have gone up 58.49% during the last six months, with a year-to-date growth rate less than the industry average at -340.00% against 21.10. In the rating firms’ projections, revenue will decrease -1.02% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 125.53M as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 129.53M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 151.91M and 134.22M respectively. In this case, analysts expect current quarter sales to shrink by -17.37% and then drop by -3.50% in the coming quarter.
While earnings are projected to return 83.46% in 2024, the next five years will return 8.00% per annum.
CMTL Dividends
Comtech Telecommunications Corp is due to release its next quarterly earnings in January. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. The average dividend yield of the company for the last 5 years is 2.23%.
Comtech Telecommunications Corp (NASDAQ:CMTL)’s Major holders
Comtech Telecommunications Corp insiders own 8.92% of total outstanding shares while institutional holders control 55.11%, with the float percentage being 60.51%. VANGUARD GROUP INC is the largest shareholder of the company, while 96.0 institutions own stock in it. As of 2024-06-30, the company held over 1.35 million shares (or 4.6786% of all shares), a total value of $4.09 million in shares.
The next largest institutional holding, with 1.27 million shares, is of NEEDHAM INVESTMENT MANAGEMENT LLC’s that is approximately 4.4188% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $3.86 million.
