Comtech Telecommunications Corp (NASDAQ:CMTL) shares, rose in value on Thursday, April 16, with the stock price up by 2.33% to the previous day’s close as strong demand from buyers drove the stock to $1.32.
Actively observing the price movement in the last trading, the stock closed the session at $1.29, falling within a range of $1.25 and $1.335. The value of beta (5-year monthly) was 1.21. Referring to stock’s 52-week performance, its high was $5.16, and the low was $1.21. On the whole, CMTL has fluctuated by -31.96% over the past month.
With the market capitalization of Comtech Telecommunications Corp currently standing at about $38.74 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-11.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 494.15M, with a low estimate of 119.35M and a high estimate of 130M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 124.12M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CMTL’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of CMTL currently trading nearly -14.20% and -27.52% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.42, while the 7-day volatility ratio is showing 7.79% which for the 30-day chart, stands at 8.88%. Furthermore, Comtech Telecommunications Corp (CMTL)’s beta value is 1.02, and its average true range (ATR) is 0.15.
A comparison of Comtech Telecommunications Corp (CMTL) with its peers suggests the former has fared considerably weaker in the market. CMTL showed an intraday change of 2.33% in last session, and over the past year, it shrunk by -34.65%%.
Data on historical trading for Comtech Telecommunications Corp (NASDAQ:CMTL) indicates that the trading volumes over the past 10 days have averaged 0.18 and over the past 3 months, they’ve averaged 370.85K. According to company’s latest data on outstanding shares, there are 29.35 million shares outstanding.
Nearly 10.50% of Comtech Telecommunications Corp’s shares belong to company insiders and institutional investors own 46.60% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.91 million shares as on 2025-03-31, resulting in a short ratio of 4.25. According to the data, the short interest in Comtech Telecommunications Corp (CMTL) stood at 662.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 1.65 million. The stock has fallen by -67.08% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CMTL stock heading into the next quarter.
