In last trading session, Comtech Telecommunications Corp (NASDAQ:CMTL) saw 0.82 million shares changing hands with its beta currently measuring 1.09. Company’s recent per share price level of $1.76 trading at -$0.13 or -6.88% at ring of the bell on the day assigns it a market valuation of $51.65M. That closing price of CMTL’s stock is at a discount of -193.18% from its 52-week high price of $5.16 and is indicating a premium of 13.07% from its 52-week low price of $1.53. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.7 million shares which gives us an average trading volume of 619.61K if we extend that period to 3-months.
For Comtech Telecommunications Corp (CMTL), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.43 in the current quarter.
Comtech Telecommunications Corp (NASDAQ:CMTL) trade information
Upright in the red during last session for losing -6.88%, in the last five days CMTL remained trading in the green while hitting it’s week-highest on Wednesday, 03/12/25 when the stock touched $1.76 price level, adding 18.53% to its value on the day. Comtech Telecommunications Corp’s shares saw a change of -56.11% in year-to-date performance and have moved 2.62% in past 5-day. Comtech Telecommunications Corp (NASDAQ:CMTL) showed a performance of -18.14% in past 30-days. Number of shares sold short was 1.65 million shares which calculate 4.63 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 9 to the stock, which implies a rise of 80.44% to its current value. Analysts have been projecting 3.5 as a low price target for the stock while placing it at a high target of 14.5. It follows that stock’s current price would drop -98.86% in reaching the projected high whereas dropping to the targeted low would mean a loss of -98.86% for stock’s current value.
Comtech Telecommunications Corp (CMTL) estimates and forecasts
This year revenue growth is estimated to fall -9.78% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 121.18M for the same. And 2 analysts are in estimates of company making revenue of 124.03M in the next quarter. Company posted 128.08M and 126.19M of sales in current and next quarters respectively a year earlier.
Comtech Telecommunications Corp (NASDAQ:CMTL)’s Major holders
Insiders are in possession of 8.85% of company’s total shares while institution are holding 51.21 percent of that, with stock having share float percentage of 56.18%. Investors also watch the number of corporate investors in a company very closely, which is 51.21% institutions for Comtech Telecommunications Corp that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at CMTL for having 1.35 million shares of worth $4.09 million. And as of 2024-06-30, it was holding 4.6786 of the company’s outstanding shares.
The second largest institutional holder is NEEDHAM INVESTMENT MANAGEMENT LLC, which was holding about 1.27 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.4188 of outstanding shares, having a total worth of $3.86 million.
On the other hand, Needham Aggressive Growth Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 1.48 shares of worth $2.6 million or 5.07% of the total outstanding shares. The later fund manager was in possession of 863.56 shares on Dec 31, 2024 , making its stake of worth around $1.52 million in the company or a holder of 2.96% of company’s stock.
