AIGH Capital Management LLC has recently announced that it has increased stake in Calamp Corp. (NASDAQ:CAMP) by 46.92%. After grabbing 3.02 million shares, the institutional investor is now in possession of 0.96 million shares of the Technology Company. The new investment brought the stake of investor firm to 7.96% having worth around $0.97 million. Moreover, Luminus Management LLC increased its share by 1.18 million to have a control over 1.69 million shares. And Jefferies Investment Advisers LLC raised its holdings to 0.97 million shares by acquiring 1.2 million shares or 3.18% of the stake.
Calamp Corp. (CAMP) concluded trading on December 20, 2023 at a closing price of $0.21, with 4.22 million shares of worth about $0.89 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -87.79% during that period and On Wednesday the price saw a gain of about 2.94%. Currently the company’s common shares owned by public are about 37.39M shares, out of which, 36.35M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 49 times over the past 12 months. They bought 476,478 shares in 19 of the transactions. In 30 selling transactions, insiders dumped 164,583 shares.
Vanguard Total Stock Market ETF, First Eagle Small Cap Opportunity, and Vanguard Extended Market Index Fu are the top 3 mutual funds which are holding stakes in Calamp Corp. Vanguard Total Stock Market ETF is currently holding 1.12 million shares of worth totaling $0.36 million. The company recently came selling -0.1 million shares which brought its stake up to 2.95% of the company’s outstanding shares. First Eagle Small Cap Opportunity sold 33584.0 shares, after which its hold over company’s outstanding shares shrunk to 1.46%, leaving 0.55 million shares with the mutual fund that have a worth of about $0.18 million. Vanguard Extended Market Index Fu, after buying 0.5 million shares, have now control over 1.33% of the stake in the company. It holds 0.0 shares of worth $0.16 million.
However, the stock later moved at a day high price of 0.2270, or with a gain of 2.94%. Stock saw a price change of -21.93% in past 5 days and over the past one month there was a price change of -43.62%. Year-to-date (YTD), CAMP shares are showing a performance of -95.31% which decreased to -93.82% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.20 but also hit the highest price of $5.36 during that period. The average intraday trading volume for Calamp Corp. shares is 558.72K. The stock is currently trading -33.15% below its 20-day simple moving average (SMA20), while that difference is down -28.91% for SMA50 and it goes to -83.85% lower than SMA200.
AIGH Capital Management LLC acquired 3.02 million shares of Calamp Corp. having value of about $0.97 million. Data submitted at the U.S SEC by AIGH Capital Management LLC revealed that the firm now holds 0.96 million shares in the company valued at close to $202354.74, or have control over 46.92% stake in the company. Calamp Corp. (NASDAQ: CAMP) currently have 37.39M outstanding shares and institutions hold larger chunk of about 49.56% of that. Holding of mutual funds in the company is about 40.07% while other institutional holders and individual stake holders have control over 9.60% and 24.26% of the stake respectively.
The stock has a current market capitalization of $7.98M and its 3Y-monthly beta is at 2.03. It has posted earnings per share of -$0.58 in the same period. It has Quick Ratio of 1.43 while making debt-to-equity ratio of 23.03. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CAMP, volatility over the week remained 29.74% while standing at 18.14% over the month.
Analysts are in expectations that Calamp Corp. (CAMP) stock would likely to be making an EPS of -$0.03 in the current quarter, while forecast for next quarter EPS is $0 and it is $0.18 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.1 which is $0.01 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 137.50% while it is estimated to increase by 500.00% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Craig Hallum on August 16, 2022 offering a Buy rating for the stock and assigned a target price range of between $8 and $10 to it.
