Comtech Telecommunications Corp (NASDAQ:CMTL)’s traded shares stood at 0.63 million during the last session, with the company’s beta value hitting 1.54. At the close of trading, the stock’s price was $4.14, to imply a decrease of -5.26% or -$0.23 in intraday trading. The CMTL share’s 52-week high remains $8.71, putting it -110.39% down since that peak but still an impressive 63.04% since price per share fell to its 52-week low of $1.53. The company has a valuation of $120.57M, with an average of 0.72 million shares in intraday trading volume over the past 10 days and average of 489.62K shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Comtech Telecommunications Corp (CMTL), translating to a mean rating of 2.33. Of 2 analyst(s) looking at the stock, 0 analyst(s) give CMTL a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.36.
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Comtech Telecommunications Corp (NASDAQ:CMTL) trade information
After registering a -5.26% downside in the last session, Comtech Telecommunications Corp (CMTL) has traded red over the past five days. The 5-day price performance for the stock is 37.54%, and 26.99% over 30 days. With these gigs, the year-to-date price performance is -50.89%. Short interest in Comtech Telecommunications Corp (NASDAQ:CMTL) saw shorts transact 1.01 million shares and set a 2.16 days time to cover.
The extremes give us $3.5 and $14.5 for target low and target high price respectively. As such, CMTL has been trading -250.24% off suggested target high and 15.46% from its likely low.
Comtech Telecommunications Corp (CMTL) estimates and forecasts
Looking at statistics comparing Comtech Telecommunications Corp share performance against respective industry, we note that the company has underperformed competitors. Comtech Telecommunications Corp (CMTL) shares are 36.63% up over the last 6 months, with its year-to-date growth rate lower than industry average at -340.00% against 21.20%. The rating firms project that company’s revenue will shrink -1.02% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is 125.53M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 129.53M.Earnings reports from the last fiscal year show that sales brought in 151.91M and 134.22M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -17.37% before dropping -3.50% in the following quarter.
CMTL Dividends
Comtech Telecommunications Corp has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. The company’s average dividend yield trailing the past 5-year period is 2.23%.
Comtech Telecommunications Corp (NASDAQ:CMTL)’s Major holders
Comtech Telecommunications Corp insiders hold 8.92% of total outstanding shares, with institutional holders owning 55.03% of the shares at 60.42% float percentage. In total, 55.03% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 1.35 million shares (or 4.6786% of shares), all amounting to roughly $4.09 million.
The next major institution holding the largest number of shares is NEEDHAM INVESTMENT MANAGEMENT LLC with 1.27 million shares, or about 4.4188% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $3.86 million.
We also have Needham Aggressive Growth Fund and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Comtech Telecommunications Corp (CMTL) shares. Going by data provided on Sep 30, 2024 , Needham Aggressive Growth Fund holds roughly 1.3 shares. This is just over 4.47% of the total shares, with a market valuation of $5.39 million. Data from the same date shows that the other fund manager holds a little less at 863.56, or 2.97% of the shares, all valued at about 3.58 million.
