CMTL has 36-month beta value of 1.51. Analysts have mixed views 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 25.80M, and currently, short sellers hold a 2.90% ratio of that float. The average trading volume of CMTL on November 14, 2024 was 406.64K shares.
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CMTL) stock’s latest price update
The stock of Comtech Telecommunications Corp (NASDAQ: CMTL) has increased by 7.51 when compared to last closing price of 2.53. Despite this, the company has experienced a -2.51% fall in its stock price over the last five trading sessions. businesswire.com reported 2024-11-14 that CHANDLER, Ariz.–(BUSINESS WIRE)—- $CMTL #5G–November 14, 2024– Comtech Telecommunications Corp. (NASDAQ: CMTL) (“Comtech” or the “Company”), a global technology leader, announced today that the U.S. Navy Information Warfare Systems Command awarded the Company a sole source contract for Comtech’s U.S sovereign software-defined SLM-5650B satellite communications (“SATCOM”) modems, upgrade kits, firmware options and technical support. The contract has a four-year period of performance and is valued in exce.
CMTL’s Market Performance
Comtech Telecommunications Corp (CMTL) has seen a -2.51% fall in stock performance for the week, with a -37.97% decline in the past month and a -15.00% plunge in the past quarter. The volatility ratio for the week is 8.12%, and the volatility levels for the past 30 days are at 10.40% for CMTL. The simple moving average for the past 20 days is -15.77% for CMTL’s stock, with a -22.72% 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 -25.74% 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 -78.36% of loss for the given period.
Volatility was left at 10.40%, however, over the last 30 days, the volatility rate increased by 8.12%, as shares sank -22.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.83% lower at present.
During the last 5 trading sessions, CMTL fell by -2.51%, which changed the moving average for the period of 200-days by -56.79% in comparison to the 20-day moving average, which settled at $3.23. In addition, Comtech Telecommunications Corp saw -67.73% 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
- 0.27 for the gross margin
The net margin for Comtech Telecommunications Corp stands at -0.16. The total capital return value is set at -0.0. Equity return is now at value -19.29, with -10.22 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 -0.34. The debt to equity ratio resting at 0.38. The interest coverage ratio of the stock is -0.13.
Currently, EBITDA for the company is -44.81 million with net debt to EBITDA at -3.37. 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 2.76for trailing twelve months and the total asset turnover is 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.83.
Conclusion
To put it simply, Comtech Telecommunications Corp (CMTL) has had a bad 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.
