CounterPath Corporation (CPAH) Stock: A Tech Stock That’s Headed Down

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CounterPath Corporation (CPAH) is trending down in the market today. The company, one that is focused on the tech space, is currently trading at $1.49 after falling -10.94% so far today. In terms of technology stocks, there are a number of aspects that have the ability to generate declines in the market. News is one of the most common reasons for movement. Here are the recent headlines associated with CPAH:

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Mar-18-19 08:15AM CounterPath Reports Third Quarter Fiscal 2019 Financial Results
Mar-13-19 03:23PM Does CounterPath Corporation (TSE:PATH) Have A Particularly Volatile Share Price?
Mar-12-19 08:00AM CounterPath Announces Major Updates to Bria Teams Unified Communications Solution
Mar-07-19 08:55AM CallSprout Deploys White Label Bria Softphones and Hosted Stretto Platform from CounterPath to Provide Superior Experience for SMB Customers
Feb-07-19 08:45AM CounterPaths Bria Teams Selected as a Finalist for the 2019 Best of Enterprise Connect Award

However, any time investors are making a decision with regard to investing, investors should look at much more than news, especially in the ever changing tech space. Here’s what’s going on with CounterPath Corporation.

Trends That We’ve Seen From CPAH

While a single session decline, like the fall that we’re seeing from CounterPath Corporation may cause fear in some investors, a single session fall alone shouldn’t be the reason for a decision to, or not to, invest in a stock. It is always important to take a look at trends just a single session. As it relates to CPAH, here are the movements that investors have experienced:

  • Past 5 Trading Sessions – Over the last 7 days, CPAH has produced a change in price in the amount of -13.87%.
  • Monthly – The return on investment from CounterPath Corporation over the last 30 days works out to -7.46%.
  • Past Quarter – Over the last quarter, the company has generated a return of -26.60%
  • Bi-Annually – In the previous six months, we’ve seen a change that amounts to -29.05% from the stock.
  • Year To Date – Since the the last trading session of last year CPAH has produced a return on investment of 24.34%.
  • Full Year – Lastly, throughout the last full year, investors have seen a change in the amount of -67.82% out of CPAH. In this period of time, the stock has traded at a high of -70.08% and a low of 65.56%.

Notable Ratios

Looking at a few key ratios having to do with a stock can provide investors a view of how risky and/or potentially profitable a stock pick might be. Below are some of the important ratios to look at when looking at CPAH.

Short Ratio – The short ratio is a measure of short interest. As the ratio goes higher, it means that more investors believe that the price of the stock is going to fall. Across the sector, strong technology stocks can have a lower short ratio. However, we also see a lot of short squeezes in the industry. Nonetheless, in regard to CounterPath Corporation, the stock’s short ratio comes to 8.25.

Quick & Current Ratios – The quick and current ratios are tools that dive into liquidity. Essentially, they measure whether or not a company can pay for its debts as they mature with only quick assets or current assets. In the tech industry, several companies rely heavily on the continuation of support from investors as they work to bring new technologies to market, these ratios can seem damning. Nonetheless, some gems in the technology industry come with great current and quick ratios. As far as CPAH, the quick and current ratios work out to 0.80 and 0.80 respectively.  

Book To Share Value – The book to share value ratio compares the current book value of assets owned by the company to the share price of the stock. as it relates to CounterPath Corporation, that ratio works out to 0.90.

Cash To Share Value – The cash to share value ratio compares the total cash on hand to the price of shares. In this case, the cash to share value is 0.30.

What Institutions And Insiders Think Of CounterPath Corporation

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in CPAH, here’s what we’re seeing:

Institutions own 5.80% of the company. Institutional interest has moved by -3.07% over the past three months. When it comes to insiders, those who are close to the company currently own 3.70% percent of CPAH shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

What Analysts Say About CounterPath Corporation

While it’s never a smart idea to blindly follow the thoughts of analysts, it is a good idea to use their analysis to validate your own opinions when it comes to making investment decisions in the tech sector. Here are the recent moves that we have seen from analysts with regard to CPAH.

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Financial Performance

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0.20. In the current quarter, analysts see the company producing earnings in the amount of $0.02. Over the last 5 years, CPAH has generated revenue in the amount of $-4.10% with earnings coming in at -48.30%. On a quarter over quarter basis, earnings have seen movement of 0 and revenue has seen movement of -29.40%.

What’s Going On With Share Counts?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 5.98M shares of CounterPath Corporation outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, CPAH has a float of 2.57M.

I also find it important to dig into the short percentage of the float. After all, if a high portion of the float is shorted, the overall feeling among investors is that the company is headed for a deep dive. As far as it relates to CPAH, the percentage of the float that is shorted currently sits at 2.57%. In general, concerning short percent of the float is anything over 40%. In my research, I’ve seen that a short ratio over 26% is probably going to be a risky play.

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