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After finishing at $2.34 in the prior trading day, Comtech Telecommunications Corp (NASDAQ: CMTL) closed at $2.80, up 19.66%. In other words, the price has increased by $19.66 from its previous closing price. On the day, 1.82 million shares were traded. CMTL stock price reached its highest trading level at $2.9598 during the session, while it also had its lowest trading level at $2.31.
Ratios:
Our goal is to gain a better understanding of CMTL by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.59 and its Current Ratio is at 0.80. In the meantime, Its Debt-to-Equity ratio is 0.81 whereas as Long-Term Debt/Eq ratio is at 0.10.
On December 15, 2023, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $18.25.
Jefferies Downgraded its Hold to Underperform on December 08, 2023, whereas the target price for the stock was revised from $10 to $7.50.
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 81549160 and an Enterprise Value of 479525408. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.16 while its Price-to-Book (P/B) ratio in mrq is 0.82. Its current Enterprise Value per Revenue stands at 0.887 whereas that against EBITDA is 13.51.
Stock Price History:
Over the past 52 weeks, CMTL has reached a high of $8.18, while it has fallen to a 52-week low of $1.53. The 50-Day Moving Average of the stock is -16.51%, while the 200-Day Moving Average is calculated to be -9.83%.
Shares Statistics:
The stock has traded on average 569.69K shares per day over the past 3-months and 1014480 shares per day over the last 10 days, according to various share statistics. A total of 43.93M shares are outstanding, with a floating share count of 26.06M. Insiders hold about 10.52% of the company’s shares, while institutions hold 48.97% stake in the company. Shares short for CMTL as of 1734048000 were 1019426 with a Short Ratio of 1.67, compared to 1731628800 on 870022. Therefore, it implies a Short% of Shares Outstanding of 1019426 and a Short% of Float of 3.55.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.23.
