On 3/13/24, Comtech Telecommunications Corp. (NASDAQ: CMTL) stock suffered a major decline of -27.3%, closing at $4.19. Moreover, this decline was accompanied by exceptionally high trading volume at 727% of normal. Relative to the market the stock has been weak over the last nine months and has declined -33.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CMTL is expected to be a modest Value Builder.
Comtech Telecommunications has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Comtech Telecommunications has a very high Appreciation Score of 88 but a very low Power Rating of 13, leading to the Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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