During the last session, Comtech Telecommunications Corp (NASDAQ:CMTL)’s traded shares were 0.33 million, with the beta value of the company hitting 1.19. At the end of the trading day, the stock’s price was $2.07, reflecting an intraday gain of 4.55% or $0.09. The 52-week high for the CMTL share is $5.16, that puts it down -149.28 from that peak though still a striking 42.51% gain since the share price plummeted to a 52-week low of $1.19. The company’s market capitalization is $60.85M, and the average intraday trading volume over the past 10 days was 0.52 million shares, and the average trade volume was 244.53K shares over the past three months.
Comtech Telecommunications Corp (CMTL) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.00. CMTL has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it.
Comtech Telecommunications Corp (NASDAQ:CMTL) trade information
Comtech Telecommunications Corp (CMTL) registered a 4.55% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 4.55% in intraday trading to $2.07, hitting a weekly high. The stock’s 5-day price performance is -5.26%, and it has moved by 2.48% in 30 days. Based on these gigs, the overall price performance for the year is -2.36%. The short interest in Comtech Telecommunications Corp (NASDAQ:CMTL) is 1.17 million shares and it means that shorts have 5.68 day(s) to cover.
The consensus price target of analysts on Wall Street is $9, which implies an increase of 77.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.5 and $14.5 respectively. As a result, CMTL is trading at a discount of -600.48% off the target high and -69.08% off the low.
While earnings are projected to return -31.63% in 2025, the next five years will return 70.55% per annum.
CMTL Dividends
Comtech Telecommunications Corp is due to release its next quarterly earnings on 2025-Jun-09. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. The average dividend yield of the company for the last 5 years is 2.23%.
Comtech Telecommunications Corp (NASDAQ:CMTL)’s Major holders
Comtech Telecommunications Corp insiders own 8.91% of total outstanding shares while institutional holders control 47.12%, with the float percentage being 51.72%. VANGUARD GROUP INC is the largest shareholder of the company, while 87.0 institutions own stock in it. As of 2024-06-30, the company held over 1.35 million shares (or 4.6786% of all shares), a total value of $4.09 million in shares.
The next largest institutional holding, with 1.27 million shares, is of NEEDHAM INVESTMENT MANAGEMENT LLC’s that is approximately 4.4188% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $3.86 million.
