Why CalAmp Corp. (NASDAQ:CAMP) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $22.29 on CalAmp Corp. (NASDAQ:CAMP) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.23 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of CalAmp Corp. (NASDAQ:CAMP) stands at 52.54.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For CalAmp Corp., the PEG ratio for coming 3-5 years is 0.60.

Technical Analysis

The technical analysis highlights that CalAmp Corp. current is trading $-0.05 points away or -0.33% from its 50-day moving average of $14.71. Further it is trading $-1.10 or -6.98% away its 200-day moving average of $15.76.

The 52-week high of CalAmp Corp. (NASDAQ:CAMP) was $21.35 while lowest point recorded in 52-week was $13.01. It implies if stock price makes a movement of over $-6.69, it will record a new 52-week high. In the case of +12.68% drop, it will touch a new 52-week low.

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