Communications Systems Inc. (NASDAQ:JCS) price is hovering lower on Wednesday, September 15, dropping -12.11% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $9.41, with intraday deals fluctuating between $7.79 and $9.69. The company’s 5Y monthly beta was ticking 1.11. Taking into account the 52-week price action we note that the stock hit a 52-week high of $11.45 and 52-week low of $3.70. The stock added 37.98% on its value in the past month.
Communications Systems Inc., which has a market valuation of $91.18 million, is expected to release its quarterly earnings report Mar 30, 2021. The company stock has a Forward Dividend ratio of 0.08, while the dividend yield is 0.85%. It is understandable that investor optimism is growing ahead of the company’s current quarter results. Analysts tracking JCS have forecast the quarterly EPS to shrink by 0 per share this quarter, while the same analysts predict the annual EPS to hit $0 for the year 2021 and up to $0 for 2022.
The average estimate suggests sales growth for the quarter will likely rise by 10.90% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $47.2 million for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 10.90% above that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give JCS a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned JCS a recommendation rating as follows: 0 rate it as a Hold; 1 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Communications Systems Inc. (JCS) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that JCS’s price is at present 19.63% off the SMA20 and 19.64% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 64.49, with weekly volatility standing at 6.71%. The indicator jumps to 3.50% when calculated based on the past 30 days. Communications Systems Inc. (NASDAQ:JCS)’s beta value is holding at 1.06, while the average true range (ATR) indicator is currently reading 0.35. Considering analysts have assigned the stock a price target range of $12.00-$12.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $12.00. Based on this estimate, we see that today’s price at last check is roughly -45.1% off the estimated low and -45.1% off the forecast high. Investors will no doubt be excited to see the share price fall to $12.00, which is the median consensus price, and at that level JCS would be -45.1% from recent price.
Turning out attention to how the Communications Systems Inc. stock has performed in comparison to its peers in the industry, here’s what we find: JCS’s stock is -12.11% on the day and 125.66% in the past 12 months, while Lantronix Inc. (LTRX) traded -0.65% in the latest session and is positioned 35.45% up on its price 12 months ago. Another comparison is with Silicom Ltd. (SILC) whose stock price is down -0.32% in the current trading session, and has flourished 31.22% over the past year. Also, HP Inc. (HPQ) is currently showing up trend of 0.76% while its price kept floating at 42.58% over the past year. Elsewhere in the market, the S&P 500 Index has rallied 0.24% in today’s early trading, with the Dow Jones Industrial also seeing a positive session on the day with 0.25%.
An analysis of the Communications Systems Inc. (NASDAQ:JCS) stock in terms of its daily trading volume indicates that the 3-month average is 439.04K. However, this figure increases on the past 10-day timeline to an average of 4.39 million.
Current records show that the company has 9.46M in outstanding shares. The insiders’ percentage holdings are 5.00% of outstanding shares while the percentage share held by institutions stands at 45.50%. The stats also highlight that short interest as of May 27, 2021, stood at 0.16 million shares, which puts the short ratio at the time at 3.86. From this we can glean that short interest is 1.68% of company’s current outstanding shares. Notably, we see that shares short in May rose slightly given the previous month’s figure stood at 0.12 million. But the 105.91% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.