CMTL Stock Summary and Trading Ideas (Comtech Telecommunications Corp. | NASDAQ:CMTL)

Comtech Telecommunications Corp is a provider of modern communications solutions. The company is engaged in designing, developing, producing and marketing products, systems, and services for communications solutions. It is engaged in two business segments, Satellite and Space Communications and Terrestrial and Wireless Networks. Majority of sales are generated from Satellite and Space Communications segment.

Comtech Telecommunications Corp. trades on the NASDAQ stock market under the symbol CMTL.

As of April 24, 2024, CMTL stock price climbed to $1.75 with 1,178,792 million shares trading.

CMTL has a beta of 0.59, meaning it tends to be less sensitive to market movements. CMTL has a correlation of 0.01 to the broad based SPY ETF.

CMTL has a market cap of $49.84 million. This is considered a Sub-Micro Cap stock.

Last quarter Comtech Telecommunications Corp. reported $134 million in Revenue and -$.15 earnings per share. This fell short of revenue expectation by $-19 million and missed earnings estimates by -$.37.

In the last 3 years, CMTL stock traded as high as $27.70 and as low as $1.53.

The top ETF exchange traded funds that CMTL belongs to (by Net Assets): VTI, VXF, IWM, FNDA, IWN.

CMTL has underperformed the market in the last year with a price return of -84.3% while the SPY ETF gained +24.2%. CMTL has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -76.3% and -37.9%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

CMTL support price is $1.48 and resistance is $1.68 (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 CMTL stock will trade within this expected range on the day.