Comtech Telecommunications Corp. (NASDAQ: CMTL) has experienced a decline in its stock price by -9.47 compared to its previous closing price of 2.90. However, the company has seen a fall of -23.32% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-18 that Comtech Telecommunications (CMTL) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of $0.28. This compares to loss of $0.23 per share a year ago.
Is It Worth Investing in Comtech Telecommunications Corp. (NASDAQ: CMTL) Right Now?
The stock has a 36-month beta value of 1.46. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for CMTL is 26.46M, and at present, short sellers hold a 5.62% of that float. On April 08, 2024, the average trading volume of CMTL was 500.68K shares.
CMTL’s Market Performance
The stock of Comtech Telecommunications Corp. (CMTL) has seen a -23.32% decrease in the past week, with a -57.24% drop in the past month, and a -68.31% fall in the past quarter. The volatility ratio for the week is 7.98%, and the volatility levels for the past 30 days are at 11.68% for CMTL. The simple moving average for the past 20 days is -34.56% for CMTL’s stock, with a -69.44% simple moving average for the past 200 days.
Analysts’ Opinion of CMTL
Many brokerage firms have already submitted their reports for CMTL stocks, with B. Riley Securities repeating the rating for CMTL by listing it as a “Buy.” The predicted price for CMTL in the upcoming period, according to B. Riley Securities is $18.25 based on the research report published on December 15, 2023 of the previous year 2023.
Jefferies, on the other hand, stated in their research note that they expect to see CMTL reach a price target of $7.50, previously predicting the price at $10. The rating they have provided for CMTL stocks is “Underperform” according to the report published on December 08th, 2023.
Jefferies gave a rating of “Hold” to CMTL, setting the target price at $10 in the report published on June 15th of the previous year.
CMTL Trading at -52.69% from the 50-Day Moving Average
After a stumble in the market that brought CMTL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -79.83% of loss for the given period.
Volatility was left at 11.68%, however, over the last 30 days, the volatility rate increased by 7.98%, as shares sank -56.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -63.22% lower at present.
During the last 5 trading sessions, CMTL fell by -23.32%, which changed the moving average for the period of 200-days by -68.95% in comparison to the 20-day moving average, which settled at $3.85. In addition, Comtech Telecommunications Corp. saw -68.80% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CMTL starting from Carpenter Wendi B., who purchase 1,000 shares at the price of $9.60 back on Jun 26 ’23. After this action, Carpenter Wendi B. now owns 4,506 shares of Comtech Telecommunications Corp., valued at $9,600 using the latest closing price.
Quinlan Mark R., the Director of Comtech Telecommunications Corp., purchase 100,000 shares at $8.89 during a trade that took place back on Jun 21 ’23, which means that Quinlan Mark R. is holding 347,639 shares at $888,570 based on the most recent closing price.
Stock Fundamentals for CMTL
Current profitability levels for the company are sitting at:
- 0.0 for the present operating margin
- 0.32 for the gross margin
The net margin for Comtech Telecommunications Corp. stands at -0.04. The total capital return value is set at 0.0. Equity return is now at value -6.49, with -3.70 for asset returns.
Based on Comtech Telecommunications Corp. (CMTL), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at -0.14. The debt to equity ratio resting at 0.36. The interest coverage ratio of the stock is 0.04.
Currently, EBITDA for the company is 27.75 million with net debt to EBITDA at 5.27. When we switch over and look at the enterprise to sales, we see a ratio of 0.43. The receivables turnover for the company is 2.88for trailing twelve months and the total asset turnover is 0.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.99.
Conclusion
To sum up, Comtech Telecommunications Corp. (CMTL) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
