Comtech Telecommunications Corp (NASDAQ:CMTL) traded at $1.93 at last check on current trade day and made an upward move of 12.54% on its previous day’s price.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 117M, with a low of 113M and a high of 122.1M. The median projection represents growth adding up to -12.83% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 479.95M, or -11.19% down from figures reported last year.
On the other hand, looking at the outlook for the CMTL stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell.
Based on estimates by 2 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 2 have rated the Comtech Telecommunications Corp (CMTL) stock as a Hold, while 0 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is -3.08% off its SMA20 and -25.77% from its 50-day simple moving average. The RSI (14) is pointing at 45.29 while the volatility over the past week is 13.43% and jumps to 10.18% over the past one month. The beta value is 1.21, while the average true range (ATR) is currently pointing at 0.23. The average price target for the stock over the next 12 months is $9, with the estimates having a low of $3.5 and a high of $14.5. These price ends are -81.35% and -651.3% off the today’s price level respectively, although investors could be excited at the prospect of a -366.32% if the CMTL share price touches on the median price of $9.
