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Trade-Ideas LLC identified

CalAmp

(

CAMP

) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified CalAmp as such a stock due to the following factors:

  • CAMP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $4.8 million.
  • CAMP has traded 67,588 shares today.
  • CAMP is trading at 2.27 times the normal volume for the stock at this time of day.
  • CAMP is trading at a new high 3.03% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

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More details on CAMP:

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TheStreet Recommends

CalAmp Corp. provides wireless communications solutions for various applications worldwide. It operates through two segments, Wireless DataCom and Satellite. CAMP has a PE ratio of 51. Currently there are 7 analysts that rate CalAmp a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for CalAmp has been 401,900 shares per day over the past 30 days. CalAmp has a market cap of $528.5 million and is part of the technology sector and telecommunications industry. The stock has a beta of 1.75 and a short float of 11.6% with 12.33 days to cover. Shares are down 28.8% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates CalAmp as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and weak operating cash flow.

Highlights from the ratings report include:

  • The revenue growth greatly exceeded the industry average of 1.0%. Since the same quarter one year prior, revenues rose by 39.3%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • 44.61% is the gross profit margin for CALAMP CORP which we consider to be strong. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of -2.91% is in-line with the industry average.
  • CAMP's debt-to-equity ratio of 0.75 is somewhat low overall, but it is high when compared to the industry average, implying that the management of the debt levels should be evaluated further. Despite the fact that CAMP's debt-to-equity ratio is mixed in its results, the company's quick ratio of 2.26 is high and demonstrates strong liquidity.
  • Net operating cash flow has decreased to $8.32 million or 49.03% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower.
  • The share price of CALAMP CORP has not done very well: it is down 18.02% and has underperformed the S&P 500, in part reflecting the company's sharply declining earnings per share when compared to the year-earlier quarter. Looking ahead, we do not see anything in this company's numbers that would change the one-year trend. It was down over the last twelve months; and it could be down again in the next twelve. Naturally, a bull or bear market could sway the movement of this stock.

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