CalAmp Corp. (CAMP) Shares: Are They Risky Or Cheap?

0
9
EDIT
EDIT

CalAmp Corp. (NASDAQ:CAMP) finished Thursday with a subtraction of -$0.94 to close at $3.93, a downside of -19.30 percent. An average of 737,854 shares of common stock have been traded in the last five days. There was a fall of -$1.02 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 1,026,668 shares traded, while the 50-day average volume stands at 632,569.

CAMP stock has decreased by -16.75% in the last month. The company shares reached their 1-month lowest point of $4.02 on 09/23/22. With the stock rallying to its 52-week high on 03/29/22, shares of the company touched a low of $3.90 and a high of $10.68 in 52 weeks. It has reached a new high 6 times so far this year and lost -31.02% or -$3.03 in price. In spite of this, the price is down -63.20% from the 52-week high.


Top 5 Cheap Stocks to Own Right Now

While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.

Sign up here to get your free report now. .

Sponsored


Valuation Metrics

CalAmp Corp. (CAMP) stock’s beta is 2.24. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.62, the price-to-book (PB) ratio at 6.09.

Financial Health

The quick ratio of CalAmp Corp. for the three months ended August 30 was 1.70, and the current ratio was 2.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 7.93 and a total debt to equity ratio of 8.01 for the quarter ending August 30. Its gross profit as reported stood at $121.89 million compared to revenue of $295.84 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, CalAmp Corp.’s return on assets was -9.60%.

Earnings Surprise

For the three-month period that ended August 30, CalAmp Corp. had $226.89 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$7.49 million in the quarter, while revenues of -$12.17 million were grew 27.5%. The analyst consensus anticipated CalAmp Corp.’s latest quarter earnings to come in at -$0.03 per share, but it turned out to be -$0.02, a 33.30% surprise. For the quarter, EBITDA amounted to -$3.53 million. Shareholders own equity worth $36.16 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at CalAmp Corp. (CAMP) price momentum. RSI 9-day as of the close on 22 September was 20.61%, suggesting the stock is oversold, with historical volatility in this time frame at 96.07%.

As of today, CAMP’s price is $4.82 -20.20% or -$1.02 from its 5-day moving average. CAMP is currently trading -35.52% lower than its 20-day SMA and -29.91% lower than its 100-day SMA. However, the stock’s current price level is -4.50% below the SMA50 and -60.14% below the SMA200.

The stochastic %K and %D were 26.09% and 34.80%, respectively, and the average true range (ATR) was 0.39. With the 14-day stochastic at 0.78% and the average true range at 0.38, the RSI (14) stands at 28.19%. The stock has reached -0.28 on the 9-day MACD Oscillator while the 14-day reading was at -0.24.

Analyst Ratings

Craig Hallum upgraded CalAmp Corp. (NASDAQ: CAMP) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold.

LEAVE A REPLY

Please enter your comment!
Please enter your name here