One of our major shareholders is dumping shares ( has been on and off by my estimates for the last 10 or so trading days . That's the bad news however even with all of selling pressure CAMP continues to bounce back and once the seller has completed their selling we should snap back to a more respectable but still under priced $18.00 range. This is the double edge sword of being a lightly traded but heavily controlled by large institutional investors type company.
Obvious BUY at these price levels. Wont take much volume to get this to jump back to $18.00
CalAmp Corp. (NASDAQ:CAMP) reported a drop of 0.3% or 10,082 shares in its short interest. The short figure came in at 11.1% of the total floats. The average daily volume of 410,534 shares suggests that the days to cover 3,879,539 short positions, as on July 31,2015, will be 9. On July 15,2015, the short interest was 3,889,621 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on August 11th-2015.
The company shares have dropped 5.65% in the past 52 Weeks. On April 23, 2015 The shares registered one year high of $21.82 and one year low was seen on January 16, 2015 at $15.32. The 50-day moving average is $18.24 and the 200 day moving average is recorded at $18.53. S&P 500 has rallied 8.81% during the last 52-weeks.
CalAmp Corp. (NASDAQ:CAMP) : On Wednesday heightened volatility was witnessed in CalAmp Corp. (NASDAQ:CAMP) which led to swings in the share price. The shares opened for trading at $16.01 and hit $16.41 on the upside , eventually ending the session at $16.39, with a gain of 1.11% or 0.18 points. The heightened volatility saw the trading volume jump to 288,941 shares. The 52-week high of the share price is $21.82 and the company has a market cap of $594 million. The 52-week low of the share price is at $15.32 .
CalAmp Corp. has lost 4.03% in the last five trading days and dropped 15.66% in the last 4 weeks. CalAmp Corp. has dropped 16.83% during the last 3-month period . Year-to-Date the stock performance stands at -11.42%.
CalAmp Corp. (NASDAQ:CAMP): According to 6 Analysts, The short term target price has been estimated at $ 26.08.The target price could deviate by a maximum of $3.69 from the forecast price. In the near term, the target price could hit a high of $33 and a low of $ 23.
On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Gardner Jeffery R, director of Calamp Corp. had purchased 1,000 shares on August 4, 2015 in a transaction. The price per share was $16.63 and the total amount of the disclosed transaction was $16,630.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
CalAmp Corp. (CalAmp) develops and markets wireless technology solutions that deliver data, voice and video for critical networked communications and other applications. The Company has two business segments: Wireless DataCom, which serves commercial, industrial and government customers, and Satellite, which focuses on the North American Direct Broadcast Satellite (DBS) market. In May 2012, CalAmp Corp announced that it has entered into a five-year supply agreement to provide fleet tracking products to Navman Wireless. As part of the transaction, CalAmp has acquired certain products and technologies from Navman Wireless and established a research and development center in Auckland, New Zealand. The assets acquired by CalAmp include technology for Mobile Display Terminals (MDT) and an MDT product line marketed to telematics original equipment manufacturers (OEMs) globally. In March 2013, it completed the acquisition of the operations of Wireless Matrix Corporation
DAMN ! Must be the darn buggy whip technology ! :-)
Why even hold at all if you dont think it will rebound ! If you do think it will bounce back you would be a fool not to buy more at these prices !!! :-)
Lightest volume I have seen to date. Grab shares at these prices while you can ! You will be very happy that you did.
I picked up some more between $16.42 - $16.46.
EPS: .18 vs .16
Rev': $207.3mm vs $201.27
Going to see a nice jump tomorrow. If guidance is strong we will settle in around $23.00 range !
205 to date, to be exactly exact ! Would not be surprised if Infinera is # 206 or 207.