The price of Comtech Telecommunications Corp. (NASDAQ: CMTL) closed at $2.63 in the last session, down -9.47% from day before closing price of $2.90. In other words, the price has decreased by -$0.2750 from its previous closing price. On the day, 856823 shares were traded.
Ratios:
We take a closer look at CMTL’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CMTL now has a Market Capitalization of 74.89M and an Enterprise Value of 410.73M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.13 while its Price-to-Book (P/B) ratio in mrq is 0.28. Its current Enterprise Value per Revenue stands at 0.72 whereas that against EBITDA is 11.98.
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 $2.88. The 50-Day Moving Average of the stock is 5.4686, while the 200-Day Moving Average is calculated to be 8.5781.
Shares Statistics:
According to the various share statistics, CMTL traded on average about 500.68K shares per day over the past 3-months and 783.16k shares per day over the past 10 days. 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 70.27% stake in the company. Shares short for CMTL as of Mar 15, 2024 were 1.49M with a Short Ratio of 2.97, compared to 1.01M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.22% and a Short% of Float of 5.34%.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.00%, it implies a Forward Annual Dividend Yield of 5.16%. The stock’s 5-year Average Dividend Yield is 2.23.
Earnings Estimates
The company has 4 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.07 for the current quarter, with a high estimate of $0.19 and a low estimate of -$0.15, while EPS last year was $0.11. The consensus estimate for the next quarter is $0.12, with high estimates of $0.25 and low estimates of -$0.11.
Analysts are recommending an EPS of between $0.5 and -$0.19 for the fiscal current year, implying an average EPS of $0.15. EPS for the following year is $0.67, with 4 analysts recommending between $1 and $0.22.
Revenue Estimates
A total of 4 analysts have provided revenue estimates for CMTL’s current fiscal year. The highest revenue estimate was $597.3M, while the lowest revenue estimate was $551.25M, resulting in an average revenue estimate of $568.67M. In the same quarter a year ago, actual revenue was $549.99M, up 3.40% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $634.75M in the next fiscal year. The high estimate is $727M and the low estimate is $555M. The average revenue growth estimate for next year is up 11.60% from the average revenue estimate for this year.
