Comtech Telecommunications Corp (NASDAQ:CMTL) has a beta value of 1.56 and has seen 0.66 million shares traded in the recent trading session. The company, currently valued at $87.37M, closed the recent trade at $3.00 per share which meant it lost -$0.3 on the day or -9.09% during that session. The CMTL stock price is -190.33% off its 52-week high price of $8.71 and 49.0% above the 52-week low of $1.53. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.27 million shares traded. The 3-month trading volume is 465.75K shares.
The consensus among analysts is that Comtech Telecommunications Corp (CMTL) is Hold stock at the moment, with a recommendation rating of 2.33. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 2 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.36.
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Comtech Telecommunications Corp (NASDAQ:CMTL) trade information
Sporting -9.09% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CMTL stock price touched $3.00 or saw a rise of 16.43%. Year-to-date, Comtech Telecommunications Corp shares have moved -64.41%, while the 5-day performance has seen it change -15.01%. Over the past 30 days, the shares of Comtech Telecommunications Corp (NASDAQ:CMTL) have changed 15.38%. Short interest in the company has seen 1.01 million shares shorted with days to cover at 2.16.
Wall Street analysts have a consensus price target for the stock at $3.5, which means that the shares’ value could jump 14.29% from the levels at last check today. The projected low price target is $3.5 while the price target rests at a high of $3.5. In that case, then, we find that the latest price level in today’s session is -16.67% off the targeted high while a plunge would see the stock gain -16.67% from the levels at last check today.
Comtech Telecommunications Corp (CMTL) estimates and forecasts
Figures show that Comtech Telecommunications Corp shares have underperformed across the wider relevant industry. The company’s shares have lost -26.29% over the past 6 months, with this year growth rate of -340.00%, compared to 21.00% for the industry. Revenue growth from the last financial year stood is estimated to be -1.02%.
4 analysts offering their estimates for the company have set an average revenue estimate of 125.53M for the current quarter. 4 have an estimated revenue figure of 129.53M for the next ending quarter. Year-ago sales stood 151.91M and 134.22M respectively for this quarter and the next, and analysts expect sales will shrink by -17.37% for the current quarter and -1.02% for the next.
Earnings growth for 2024 is a modest 83.46% while over the next 5 years, the company’s earnings are expected to increase by 8.00%.
CMTL Dividends
Comtech Telecommunications Corp is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Comtech Telecommunications Corp (NASDAQ:CMTL)’s Major holders
Insiders own 8.92% of the company shares, while shares held by institutions stand at 55.03% with a share float percentage of 60.42%. Investors are also buoyed by the number of investors in a company, with Comtech Telecommunications Corp having a total of 94.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 1.35 million shares worth more than $4.09 million. As of 2024-06-30, VANGUARD GROUP INC held 4.6786% of shares outstanding.
The other major institutional holder is NEEDHAM INVESTMENT MANAGEMENT LLC, with the holding of over 1.27 million shares as of 2024-06-30. The firm’s total holdings are worth over $3.86 million and represent 4.4188% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Needham Aggressive Growth Fund and Vanguard Total Stock Market Index Fund. As of Sep 30, 2024, the former fund manager holds about 4.47% shares in the company for having 1.3 shares of worth $3.95 million while later fund manager owns 863.56 shares of worth $2.62 million as of Sep 30, 2024, which makes it owner of about 2.97% of company’s outstanding stock.
