In the last trading session, 1.07 million Comtech Telecommunications Corp (NASDAQ:CMTL) shares changed hands as the company’s beta touched 1.53. With the company’s per share price at $3.84 changed hands at $0.15 or 4.07% during last session, the market valuation stood at $137.10M. CMTL’s last price was a discount, traded about -126.82% off its 52-week high of $8.71. The share price had its 52-week low at $1.53, which suggests the last value was 60.16% up since then. When we look at Comtech Telecommunications Corp’s average trading volume, we note the 10-day average is 0.57 million shares, with the 3-month average coming to 494.05K.
Analysts gave the Comtech Telecommunications Corp (CMTL) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.33. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended CMTL as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. Comtech Telecommunications Corp’s EPS for the current quarter is expected to be -0.36.
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Comtech Telecommunications Corp (NASDAQ:CMTL) trade information
Instantly CMTL was in green as seen at the end of in last trading. With action 16.36%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -54.45%, with the 5-day performance at 16.36% in the green. However, in the 30-day time frame, Comtech Telecommunications Corp (NASDAQ:CMTL) is 21.52% up. Looking at the short shares, we see there were 1.01 million shares sold at short interest cover period of 2.16 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3.5, meaning bulls need a downside of -9.71% from its current market value. According to analyst projections, CMTL’s forecast low is 3.5 with 3.5 as the target high. To hit the forecast high, the stock’s price needs a 8.85% surge from its current level, while the stock would need to tank 8.85% for it to hit the projected low.
Comtech Telecommunications Corp (CMTL) estimates and forecasts
Data shows that the Comtech Telecommunications Corp share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 30.83% over the past 6 months, a -340.00% in annual growth rate that is considerably lower than the industry average of 20.80%. Year-over-year growth is forecast to reach -1.02% down from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 125.53M. 4 analysts are of the opinion that Comtech Telecommunications Corp’s revenue for the current quarter will be 129.53M. The company’s revenue for the corresponding quarters a year ago was 151.91M and 134.22M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -17.37%. The estimates for the next quarter sales put growth at -3.50%.
The 2024 estimates are for Comtech Telecommunications Corp earnings to increase by 83.46%, but the outlook for the next 5-year period is at 8.00% per year.
CMTL Dividends
Comtech Telecommunications Corp is expected to release its next quarterly earnings report in January. During the past 5 years, the average dividend yield was 2.23 per year.
Comtech Telecommunications Corp (NASDAQ:CMTL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 8.92% of Comtech Telecommunications Corp shares while 55.03% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 60.42%. There are 55.03% institutions holding the Comtech Telecommunications Corp stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 4.6786% of the shares, roughly 1.35 million CMTL shares worth $4.09 million.
NEEDHAM INVESTMENT MANAGEMENT LLC holds the second largest percentage of outstanding shares, with 4.4188% or 1.27 million shares worth $3.86 million as of 2024-06-30.
