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CalAmp Reports Inducement Awards Under Nasdaq Listing Rule 5635(c)(4)
Globe Newswire (Tue, 27-Feb 9:22 PM ET)
CalAmp Corp provides wireless communications solutions applications to customers. The company's products, software, and application services are sold into a broad array of market verticals, including transportation, government, construction, and automotive to customers in the United States; Latin America; Europe the Middle East, and Africa; Asia-Pacific; and others. Its business activities are organized into its Telematics Systems and Software & Subscription Services. The Telematics Systems segment offers a series of Mobile Resource Management ('MRM') telematics products and applications. The software & Subscription Services segment offers cloud-based application enablement and telematics service platforms.
Calamp Corp. trades on the NASDAQ stock market under the symbol CAMP.
As of April 23, 2024, CAMP stock price declined to $3.33 with 9,620 million shares trading.
CAMP has a beta of -0.33, meaning it tends to be less sensitive to market movements. CAMP has a correlation of 0.00 to the broad based SPY ETF.
CAMP has a market cap of $5.50 million. This is considered a Sub-Micro Cap stock.
Last quarter Calamp Corp. reported $54 million in Revenue and -$.22 earnings per share. This fell short of revenue expectation by $-3 million and missed earnings estimates by -$.19.
In the last 3 years, CAMP stock traded as high as $333.76 and as low as $2.29.
The top ETF exchange traded funds that CAMP belongs to (by Net Assets): VXF, VTI, IWC.
CAMP has underperformed the market in the last year with a return of -94.2%, while the SPY ETF gained +24.3%. In the last 3 month period, CAMP fell short of the market, returning -19.7%, while SPY returned +4.9%. However, in the most recent 2 weeks CAMP has outperformed the stock market by returning +3.7%, while SPY returned -2.5%.
CAMP support price is $3.14 and resistance is $3.60 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CAMP stock will trade within this expected range on the day.