Comtech Telecommunications Corp (NASDAQ:CMTL)’s traded shares stood at 79600.0 during the last session, with the company’s beta value hitting 1.25. At the close of trading, the stock’s price was $2.6, to imply a decrease of -0.38% or -$0.01 in intraday trading. The CMTL share’s 52-week high remains $5.16, putting it -98.46% down since that peak but still an impressive 54.23% since price per share fell to its 52-week low of $1.19. The company has a valuation of $76.43M, with an average of 0.27 million shares in intraday trading volume over the past 10 days and average of 259.10K 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 1.00. 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.
Comtech Telecommunications Corp (NASDAQ:CMTL) trade information
After registering a -0.38% 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 8.33%, and 23.81% over 30 days. With these gigs, the year-to-date price performance is -15.86%. Short interest in Comtech Telecommunications Corp (NASDAQ:CMTL) saw shorts transact 1.3 million shares and set a 3.62 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 -457.69% off suggested target high and -34.62% from its likely low.
CMTL Dividends
Comtech Telecommunications Corp has its next earnings report out on 2025-Jun-09. 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 8.88% of total outstanding shares, with institutional holders owning 45.48% of the shares at 49.91% float percentage. In total, 45.48% 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.
