On 10/17/24, Comtech Telecommunications Corp. (NASDAQ: CMTL) stock suffered a major decline of -19.3%, closing at $3.54. Moreover, trading volume in this decline was exceptionally high at 378% of normal. The stock has declined -21.9% during the last week and has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
CMTL is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Comtech Telecommunications has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Comtech Telecommunications has a very high Appreciation Score of 89 but a slightly negative Power Rating of 38, with the High Neutral Value Trend Rating the result.
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.
Be the first to comment