In the latest session, Comtech Telecommunications Corp. (NASDAQ: CMTL) closed at $2.33 down -12.59% from its previous closing price of $2.66. On the day, 576249 shares were traded.
Ratios:
For a deeper understanding of Comtech Telecommunications Corp.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.74 and its Current Ratio is at 0.99. In the meantime, Its Debt-to-Equity ratio is 0.36 whereas as Long-Term Debt/Eq ratio is at 0.06.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, B. Riley Securities on December 15, 2023, initiated with a Buy rating and assigned the stock a target price of $18.25.
On December 08, 2023, Jefferies Downgraded its rating to Underperform which previously was Hold and also lowered its target price recommendation from $10 to $7.50.
Jefferies Downgraded its Buy to Hold on June 15, 2022, whereas the target price for the stock was revised from $32 to $10.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jun 26 ’23 when Carpenter Wendi B. bought 1,000 shares for $9.60 per share. The transaction valued at 9,600 led to the insider holds 4,506 shares of the business.
Quinlan Mark R. bought 100,000 shares of CMTL for $888,570 on Jun 21 ’23. The Director now owns 347,639 shares after completing the transaction at $8.89 per share. On Jun 15 ’23, another insider, Carpenter Wendi B., who serves as the Director of the company, bought 1,000 shares for $9.20 each. As a result, the insider paid 9,200 and bolstered with 3,500 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.12 while its Price-to-Book (P/B) ratio in mrq is 0.25.
Stock Price History:
Over the past 52 weeks, CMTL has reached a high of $13.04, while it has fallen to a 52-week low of $2.56.
Shares Statistics:
A total of 28.06M shares are outstanding, with a floating share count of 26.46M. Insiders hold about 7.06% of the company’s shares, while institutions hold 69.56% stake in the company.
Earnings Estimates
There are Comtech Telecommunications Corp different market analysts currently analyzing its stock. The consensus estimate for the next quarter is $20.06, with high estimates of $8.68 and low estimates of $10.73.
Analysts are recommending an EPS of between $Real Estate and $Basic Materials for the fiscal current year, implying an average EPS of $Healthcare.
