In the latest trading session, 0.91 million Comtech Telecommunications Corp (NASDAQ:CMTL) shares changed hands as the company’s beta touched 1.53. With the company’s most recent per share price at $2.66 changing hands around $0.32 or 13.68% at last look, the market valuation stands at $77.47M. CMTL’s current price is a discount, trading about -207.52% off its 52-week high of $8.18. The share price had its 52-week low at $1.53, which suggests the last value was 42.48% up since then. When we look at Comtech Telecommunications Corp’s average trading volume, we note the 10-day average is 1.01 million shares, with the 3-month average coming to 569.69K.
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 -0.25.
Comtech Telecommunications Corp (NASDAQ:CMTL) trade information
Instantly CMTL is in green as seen in intraday trades today. With action -40.62%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -33.67%, with the 5-day performance at -40.62% in the red. However, in the 30-day time frame, Comtech Telecommunications Corp (NASDAQ:CMTL) is -24.54% down. Looking at the short shares, we see there were 1.02 million shares sold at short interest cover period of 2.78 days.
The consensus price target for the stock as assigned by Wall Street analysts is 9, meaning bulls need an upside of 70.44% from its recent market value. According to analyst projections, CMTL’s forecast low is 3.5 with 14.5 as the target high. To hit the forecast high, the stock’s price needs a -445.11% plunge from its current level, while the stock would need to soar -31.58% 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 -18.65% over the past 6 months, a -940.00% in annual growth rate that is considerably lower than the industry average of 20.90%. 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 129.53M. 4 analysts are of the opinion that Comtech Telecommunications Corp’s revenue for the current quarter will be 137.91M. The company’s revenue for the corresponding quarters a year ago was 134.22M and 128.08M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -3.50%. The estimates for the next quarter sales put growth at 7.67%.
The 2025 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 February. 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 56.12% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 61.61%. There are 56.12% 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.
Among Mutual Funds, the top two as of Sep 30, 2024 were Needham Aggressive Growth Fund and Vanguard Total Stock Market Index Fund. With 1.3 shares estimated at $3.58 million under it, the former controlled 4.47% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.97% of the shares, roughly 863.56 shares worth around $2.37 million.
