Comtech Telecommunications Corp (NASDAQ:CMTL) price closed lower on current market day and dropping -18.11% below its previous close.
A look at the daily price movement shows that the last close reads $2.54. Taking into account the 52-week price action we note that the stock hit a 52-week high of $5.16 and 52-week low of $1.19. The stock added 40.54% on its value in the past month.
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, 2 analysts have assigned CMTL a recommendation rating as follows: 2 rate it as a Hold; 0 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Comtech Telecommunications Corp (CMTL) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that CMTL’s price is at present 0.34% off the SMA20 and 24.24% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 53.10, with weekly volatility standing at 13.36%. The indicator jumps to 7.31% when calculated based on the past 30 days. Comtech Telecommunications Corp (NASDAQ:CMTL)’s beta value is holding at 1.19, while the average true range (ATR) indicator is currently reading 0.23. Considering analysts have assigned the stock a price target range of $3.5-$14.5 as the low and high respectively, we find the trailing 12-month average consensus price target to be $9. Based on this estimate, we see that current price is roughly -68.27% off the estimated low and -597.12% off the forecast high. Investors will no doubt be excited to see the share price fall to $9, which is the median consensus price, and at that level CMTL would be -332.69% from current price.
Current records show that the company has 29.36M in outstanding shares. The insiders’ percentage holdings are 10.23% of outstanding shares while the percentage share held by institutions stands at 40.22%. But the -48.13% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
