Moreover, the 36-month beta value for CMTL is 1.55. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for CMTL is 27.35M and currently, short sellers hold a 3.80% of that float. On September 12, 2024, CMTL’s average trading volume was 2.18M shares.
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CMTL) stock’s latest price update
Comtech Telecommunications Corp. (NASDAQ: CMTL)’s stock price has gone rise by 12.63 in comparison to its previous close of 2.93, however, the company has experienced a 11.86% increase in its stock price over the last five trading days. accesswire.com reported 2024-07-30 that LOS ANGELES, CA / ACCESSWIRE / July 30, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Comtech Telecommunications Corp. (“Comtech” or “the Company”) (NASDAQ:CMTL) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
CMTL’s Market Performance
Comtech Telecommunications Corp. (CMTL) has experienced a 11.86% rise in stock performance for the past week, with a 12.63% rise in the past month, and a 54.93% rise in the past quarter. The volatility ratio for the week is 5.69%, and the volatility levels for the past 30 days are at 5.43% for CMTL. The simple moving average for the past 20 days is 5.72% for CMTL’s stock, with a -29.96% simple moving average for the past 200 days.
Analysts’ Opinion of CMTL
Many brokerage firms have already submitted their reports for CMTL stocks, with Jefferies repeating the rating for CMTL by listing it as a “Hold.” The predicted price for CMTL in the upcoming period, according to Jefferies is $3.50 based on the research report published on June 25, 2024 of the current year 2024.
B. Riley Securities, on the other hand, stated in their research note that they expect to see CMTL reach a price target of $18.25. The rating they have provided for CMTL stocks is “Buy” according to the report published on December 15th, 2023.
Jefferies gave a rating of “Underperform” to CMTL, setting the target price at $7.50 in the report published on December 08th of the previous year.
CMTL Trading at 5.45% 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 -74.69% of loss for the given period.
Volatility was left at 5.43%, however, over the last 30 days, the volatility rate increased by 5.69%, as shares surge +10.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.80% upper at present.
During the last 5 trading sessions, CMTL rose by +11.86%, which changed the moving average for the period of 200-days by -72.84% in comparison to the 20-day moving average, which settled at $3.14. In addition, Comtech Telecommunications Corp. saw -60.85% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CMTL
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.31 for the gross margin
The net margin for Comtech Telecommunications Corp. stands at -0.02. The total capital return value is set at 0.01. Equity return is now at value -4.68, with -2.66 for asset returns.
Based on Comtech Telecommunications Corp. (CMTL), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at -0.3. The debt to equity ratio resting at 0.29. The interest coverage ratio of the stock is 0.38.
Currently, EBITDA for the company is 27.75 million with net debt to EBITDA at 4.4. When we switch over and look at the enterprise to sales, we see a ratio of 0.48. The receivables turnover for the company is 2.82for 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 1.78.
Conclusion
To wrap up, the performance of Comtech Telecommunications Corp. (CMTL) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
