As of Thursday close, CalAmp Corp.’s (NASDAQ:CAMP) stock was down -$0.08, moving down -19.05 percent to $0.34. The average number of shares traded per day over the past five days has been 819,080 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.2579 fall in that time frame. In the last twenty days, the average volume was 414,055, while in the previous 50 days, it was 360,602.
Since last month, CAMP stock retreated -48.34%. Shares of the company fell to $0.3344 on 09/21/23, the lowest level in the past month. A 52-week high of $5.36 was reached on 01/18/23 after having rallying from a 52-week low of $0.41. Since the beginning of this year, CAMP’s stock price has dropped by -92.41% or -$4.1400, and marked a new high 6 times. However, the stock has declined by -93.66% since its 52-week high.
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Sponsored
CAMP stock investors should be aware that CalAmp Corp. (CAMP) stock had its last reported insider trading activity 238 days ago on Jan 27. Cummins Wes, the Director of the company, purchased of 25,000 shares for $4.52 on Jan 27. It resulted in a $112,970 investment by the insider. Cummins Wes added 20,000 shares at an average price of $4.43 on Jan 03. The insider now owns 3,399,059 shares following the transaction. On Dec 30, Director Cummins Wes bought 30,000 shares at $4.48 apiece. The transaction was valued at $134,442.
Valuation Metrics
The stock’s beta is 1.92. Besides these, the trailing price-to-sales (P/S) ratio of 0.04, the price-to-book (PB) ratio of 1.00.
Financial Health
In the three months ended May 30, CalAmp Corp.’s quick ratio stood at 1.40, while its current ratio was 1.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending May 30 was 18.36, and the total debt-to-equity ratio was 18.39. On the profitability front, the trailing twelve-month gross margin is 36.70% percent. In the year ended May 30, EBITDA margin amounted to 1.73%, whereas operating margins totaled -6.10%. Based on annual data, CAMP earned $109.01 million in gross profit and brought in $294.95 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 -11.20%. Return on equity (ROE) for the past 12 months was -144.80%.
In CalAmp Corp.’s quarter-end financial report for May 30, it reported total debt of $227.69 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CAMP’s revenue rose 8.69% to $78.51 million during the quarter, while net income inched up to $70.89 million. While analysts expected CalAmp Corp. to report $0.04 quarterly earnings, the actual figure was $0.01 per share, beating the consensus estimate by -75.00%. During the quarter, the company generated $3.45 million in EBITDA. The liabilities of CalAmp Corp. were 359.79 million at the end of its most recent quarter ended May 30, and its total debt was $244.1 million. The value of shareholders’ equity is $37.57 million.
Technical Picture
This quick technical analysis looks at CalAmp Corp.’s (CAMP) price momentum. With a historical volatility rate of 114.32%, the RSI 9-day stood at 10.45% on 21 September.
With respect to its five-day moving average, the current CalAmp Corp. price is down by -43.13% percent or -$0.2579. At present, CAMP shares trade -47.61% below its 20-day simple moving average and -86.61% percent below its 100-day simple moving average. However, the stock is currently trading approximately -64.85% below its SMA50 and -90.68% below its SMA200.
Stochastic coefficient K was 3.43% and Stochastic coefficient D was 6.56%, while ATR was 0.0669. Given the Stochastic reading of 1.77% for the 14-day period, the RSI (14) reading has been calculated as 15.17%. As of today, the MACD Oscillator reading stands at -0.1136, while the 14-day reading stands at -0.1515.
Analyst Ratings
Craig Hallum upgraded its rating on CalAmp Corp. (NASDAQ: CAMP) to a Buy in a note to investors on August 16, 2022. The analysts firm previously had a Hold rating on the stock.CalAmp Corp. (CAMP) has been rated Hold by analysts. According to 1 brokerage firm, CAMP is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate CalAmp Corp. stock as buy, with 2 recommending it as overweight.
With a median target price of $1.63, the current consensus forecast for the stock is $0.80 – $6.00. Based on these forecasts, analysts predict CalAmp Corp. (CAMP) will achieve an average price target of $2.51.
