As of Friday close, Commvault Systems Inc.’s (NASDAQ:CVLT) stock was down -$0.48, moving down -0.69 percent to $68.94. The average number of shares traded per day over the past five days has been 362,960 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.75 fall in that time frame. In the last twenty days, the average volume was 302,155, while in the previous 50 days, it was 312,546.
Since last month, CVLT stock retreated -9.24%. Shares of the company fell to $68.24 on 08/09/23, the lowest level in the past month. A 52-week high of $78.80 was reached on 07/31/23 after having rallying from a 52-week low of $50.26. Since the beginning of this year, CVLT’s stock price has risen by 9.71% or $6.10, and marked a new high 23 times. However, the stock has declined by -12.51% since its 52-week high.
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CVLT stock investors should be aware that Commvault Systems Inc. (CVLT) stock had its last reported insider trading activity 71 days ago on Jun 09. Whalen James J., the Chief Accounting Officer of the company, disposed of 1,305 shares for $71.14 on Jun 09. It resulted in a $92,838 divestment by the insider. Di Blasio Riccardo sold 21,206 shares at an average price of $71.86 on Jun 07. The insider now owns 89,035 shares following the transaction. On May 26, Director Adamo Nicola sold 1,500 shares at $70.00 apiece. The transaction was valued at $105,000.
Valuation Metrics
The stock’s beta is 0.62. Besides these, the trailing price-to-sales (P/S) ratio of 3.84, the price-to-book (PB) ratio of 17.68, and the price-to-cash flow ratio of 16.42 may also be considered.
Financial Health
In the three months ended June 29, Commvault Systems Inc.’s quick ratio stood at 1.30, while its current ratio was 1.30, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 82.50% percent. In the year ended June 29, EBITDA margin amounted to 8.21%, whereas operating margins totaled -0.60%. Based on annual data, CVLT earned $649.19 million in gross profit and brought in $784.59 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -19.50%. Return on equity (ROE) for the past 12 months was -12.10%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CVLT’s revenue rose 0.09% to $203.48 million during the quarter, while net income inched up to $198.15 million. While analysts expected Commvault Systems Inc. to report $0.64 quarterly earnings, the actual figure was $0.72 per share, beating the consensus estimate by 12.50%. During the quarter, the company generated $26.43 million in EBITDA. The liabilities of Commvault Systems Inc. were 569.72 million at the end of its most recent quarter ended June 29, and its total debt was $12.35 million. The value of shareholders’ equity is $43.88 million.
Technical Picture
This quick technical analysis looks at Commvault Systems Inc.’s (CVLT) price momentum. With a historical volatility rate of 23.14%, the RSI 9-day stood at 35.49% on 18 August.
With respect to its five-day moving average, the current Commvault Systems Inc. price is down by -1.08% percent or -$0.75. At present, CVLT shares trade -8.58% below its 20-day simple moving average and +23.88% percent above its 100-day simple moving average. However, the stock is currently trading approximately -3.42% below its SMA50 and +13.22% above its SMA200.
Stochastic coefficient K was 9.15% and Stochastic coefficient D was 9.07%, while ATR was 1.40. Given the Stochastic reading of 9.64% for the 14-day period, the RSI (14) reading has been calculated as 37.95%. As of today, the MACD Oscillator reading stands at -0.07, while the 14-day reading stands at -0.90.
Analyst Ratings
DA Davidson launched its rating on Commvault Systems Inc. (NASDAQ: CVLT) to a Buy in a note to investors on August 17, 2023. Commvault Systems Inc. (CVLT) has been rated Overweight by analysts. According to 0 brokerage firms, CVLT is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Commvault Systems Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $82.50, the current consensus forecast for the stock is $72.00 – $86.00. Based on these forecasts, analysts predict Commvault Systems Inc. (CVLT) will achieve an average price target of $80.67.
