Commvault Systems Inc (NASDAQ: CVLT)’s stock price has gone decline by -9.80 in comparison to its previous close of 163.91, however, the company has experienced a -7.32% decrease in its stock price over the last five trading days. zacks.com reported 2024-10-14 that Commvault (CVLT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Is It Worth Investing in Commvault Systems Inc (NASDAQ: CVLT) Right Now?
Commvault Systems Inc (NASDAQ: CVLT) has a higher price-to-earnings ratio of 37.98x compared to its average ratio. CVLT has 36-month beta value of 0.59. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 4 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for CVLT is 42.87M, and currently, short sellers hold a 1.94% ratio of that float. The average trading volume of CVLT on October 16, 2024 was 360.57K shares.
CVLT’s Market Performance
CVLT stock saw a decrease of -7.32% in the past week, with a monthly decline of -1.60% and a quarterly a decrease of 21.22%. The volatility ratio for the week is 3.63%, and the volatility levels for the last 30 days are 2.73% for Commvault Systems Inc (CVLT). The simple moving average for the past 20 days is -4.12% for CVLT’s stock, with a 28.06% simple moving average for the past 200 days.
Analysts’ Opinion of CVLT
KeyBanc Capital Markets, on the other hand, stated in their research note that they expect to see CVLT reach a price target of $109. The rating they have provided for CVLT stocks is “Overweight” according to the report published on January 31st, 2024.
DA Davidson gave a rating of “Buy” to CVLT, setting the target price at $85 in the report published on August 17th of the previous year.
CVLT Trading at -1.98% from the 50-Day Moving Average
After a stumble in the market that brought CVLT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.79% of loss for the given period.
Volatility was left at 2.73%, however, over the last 30 days, the volatility rate increased by 3.63%, as shares sank -0.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.49% upper at present.
During the last 5 trading sessions, CVLT fell by -7.32%, which changed the moving average for the period of 200-days by +83.27% in comparison to the 20-day moving average, which settled at $154.19. In addition, Commvault Systems Inc saw 85.15% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CVLT starting from Lee Vivie, who sale 1,569 shares at the price of $152.76 back on Aug 30 ’24. After this action, Lee Vivie now owns 13,550 shares of Commvault Systems Inc, valued at $239,680 using the latest closing price.
Adamo Nicola, the Director of Commvault Systems Inc, sale 1,569 shares at $152.76 during a trade that took place back on Aug 30 ’24, which means that Adamo Nicola is holding 17,903 shares at $239,680 based on the most recent closing price.
Stock Fundamentals for CVLT
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.82 for the gross margin
The net margin for Commvault Systems Inc stands at 0.2. The total capital return value is set at 0.17. Equity return is now at value 77.04, with 20.85 for asset returns.
Based on Commvault Systems Inc (CVLT), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at 17.82. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is 396.3.
Currently, EBITDA for the company is 88.71 million with net debt to EBITDA at -2.92. When we switch over and look at the enterprise to sales, we see a ratio of 7.15. The receivables turnover for the company is 4.26for trailing twelve months and the total asset turnover is 0.93. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.23.
Conclusion
To put it simply, Commvault Systems Inc (CVLT) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
