Comtech Telecommunications Corp. (NASDAQ: CMTL) kicked off on Monday, down -4.86% from the previous trading day, before settling in for the closing price of $1.85. Over the past 52 weeks, CMTL has traded in a range of $1.84-$13.04.
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During the last 5-year period, the sales growth of Technology Sector giant was 0.11%. While this was happening, its average annual earnings per share was recorded 28.31%. With a float of $26.46 million, this company’s outstanding shares have now reached $28.06 million.
Let’s determine the extent of company efficiency that accounts for 1718 employees.
Comtech Telecommunications Corp. (CMTL) Breakdown of a Key Holders of the stock
Our next focus will be how large-scale investors are participating in this stock of the Communication Equipment Industry. The insider ownership of Comtech Telecommunications Corp. is 7.06%, while institutional ownership is 72.36%. The most recent insider transaction that took place on Jun 26 ’23, was worth 9,600. In this transaction Director of this company bought 1,000 shares at a rate of $9.60, taking the stock ownership to the 4,506 shares. Before that another transaction happened on Jun 21 ’23, when Company’s Director bought 100,000 for $8.89, making the entire transaction worth $888,570. This insider now owns 347,639 shares in total.
Comtech Telecommunications Corp. (CMTL) Recent Fiscal highlights
In the latest quarterly report, which was put into the public domain on 1/31/2024, the organization reported -$0.15 earnings per share (EPS), lower than consensus estimate (set at $0.22) by -$0.37. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.12 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 28.31% per share during the next fiscal year.
Comtech Telecommunications Corp. (NASDAQ: CMTL) Trading Performance Indicators
Take a look at Comtech Telecommunications Corp.’s (CMTL) current performance indicators. Last quarter, stock had a quick ratio of 0.74. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.09.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.70, a number that is poised to hit -0.10 in the next quarter and is forecasted to reach 0.30 in one year’s time.
Technical Analysis of Comtech Telecommunications Corp. (CMTL)
Looking closely at Comtech Telecommunications Corp. (NASDAQ: CMTL), its last 5-days average volume was 0.58 million, which is a jump from its year-to-date volume of 0.51 million. As of the previous 9 days, the stock’s Stochastic %D was 1.07%. Additionally, its Average True Range was 0.29.
During the past 100 days, Comtech Telecommunications Corp.’s (CMTL) raw stochastic average was set at 0.09%, which indicates a significant decrease from 0.70% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 86.34% in the past 14 days, which was lower than the 110.11% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.5405, while its 200-day Moving Average is $8.2031. However, in the short run, Comtech Telecommunications Corp.’s stock first resistance to watch stands at $1.8500. Second resistance stands at $1.9400. The third major resistance level sits at $1.9900. If the price goes on to break the first support level at $1.7100, it is likely to go to the next support level at $1.6600. Now, if the price goes above the second support level, the third support stands at $1.5700.
Comtech Telecommunications Corp. (NASDAQ: CMTL) Key Stats
The company with the Market Capitalisation of 50.11 million has total of 28,474K Shares Outstanding. Its annual sales at the moment are 549,990 K in contrast with the sum of -26,900 K annual income. Company’s last quarter sales were recorded 134,230 K and last quarter income was -10,560 K.
