CounterPath Corporation (CPAH) Stock: Seeing Declines In Today’s Session

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CounterPath Corporation (CPAH) is trending down in the market in today’s trading session. The stock, one that is focused on the tech sector, is currently priced at $1.08 after tumbling -6.71% so far in today’s session. When it comes to technology stocks, there are quite a few aspects that have the potential to generate price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the recent headlines associated with CPAH:

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Oct-08-19 08:45AM CounterPath Announces New Integrations with Market-Leading CRM Solutions
Sep-24-19 08:45AM CounterPath Receives 2019 Contact Center Technology Award from CUSTOMER Magazine
Sep-20-19 08:45AM CounterPath Announces Voting Results for Election of Directors and Appointment of Chief Executive Officer
Sep-16-19 08:45AM CounterPath Launches Hosted Stretto(TM) Collaboration Service to Address Underserved Small Medium Business (SMB) Market
Sep-12-19 08:15AM CounterPath Reports First Quarter Fiscal 2020 Financial Results

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

How CPAH Has Been Trending

While a decline in a single session, like the move that we’re seeing from CounterPath Corporation may lead to fear in some investors, a single session fall alone shouldn’t be the basis of a decision to, or not to, invest in a stock. It is always smart to look at trends just a single trading session. In the case of CPAH, below are the trends that we’ve seen:

  • Past Seven Days – Over the last 7 days, CPAH has generated a change in price that amounts to -12.20%.
  • Past 30 Days – The monthly returns from CounterPath Corporation comes to -5.26%.
  • Past Quarter – Over the last quarter, the stock has produced a ROI that comes to -27.05%
  • Past 6 Months – Throughout the past 6 months, investors have seen a change that amounts to -42.25% from the company.
  • Year To Date – Since the the first trading session of this year CPAH has resulted in a return on investment of -9.87%.
  • Full Year – Lastly, throughout the last full year, we’ve seen performance of -48.57% out of CPAH. In this period, the stock has sold at a high price of -60.00% and a low of 20.00%.

Ratios Worth Watching

Looking at various key ratios associated with a stock can give prospective investors a look of just how risky and/or rewarding a an investment option might be. Below are some of the important ratios to look at when looking at CPAH.

Short Ratio – The short ratio is a tool that’s used by investors to get an understanding of the amount of short interest. As the short ratio goes higher, it shows that more investors have a belief that the stock is going to go down. Across the sector, strong tech stocks can carry a lower short ratio. On the other hand, we tend to see a lot of short squeezes in the industry. Nonetheless, in regard to CounterPath Corporation, the stock’s short ratio comes to 1.43.

Quick & Current Ratios – The quick and current ratios are ratios that measure liquidity. Basically, they measure If a company is able to cover its debts when they come due using current assets or quick assets. Because in tech, several companies are heavily reliant on the continuation of support from investors as they work to bring new technologies to market, the current and quick ratios can seem damning. Nonetheless, some better companies in the tech space do have positive current and quick ratios. When it comes to CPAH, the quick and current ratios add up to 0.60 and 0.60 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the book value of assets that are owned by the company. In this particular case, the book to share value ratio is 0.45.

Cash To Share Value – Finally, the cash to share value comparison compares the amount of cash the company has on hand to the value of shares. When it comes to CPAH, the cash to share value ratio comes to 0.20.

Smart Money Follows Big Money

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 1.20% of the company. Institutional interest has moved by 20.12% over the past three months. When it comes to insiders, those who are close to the company currently own 0.80% percent of CPAH shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

How Analysts Feel About CounterPath Corporation

While it’s never a good idea to blindly follow the opinions of analysts, it is a smart idea to use their opinions when validating your own thoughts before making investment decisions in the tech industry. Here are the most recent moves that we’ve seen from analysts when it comes to CPAH.

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Earnings

What have ween seen from CPAH in terms of financial results?Here’s what we’ve seen and what’s coming:

  • Analyst Expectations – As it stands, analysts have expectations that CPAH will report earnings per diluted share that comes to 0.20, with 0.02 being reported in the next financial report. Although this isn’t associated with earnings, because we’re chatting on the topic of Wall St. analysts, CounterPath Corporation is currently graded as a 2.00 considering a scale that ranges from 1 to 5 where 1 is the worst average Wall St. analyst grade and 5 is the best possible rating.
  • 5-Year Sales – In the past 5 years, CounterPath Corporation has reported a change in revenue that works out to be -1.60%. Earnings per diluted share in the period have seen a change of 9.70%.
  • Quarter Over Quarter – In terms of quarter over quarter earnings performance, or Q/Q data as it is generally referred to as in the human world, CounterPath Corporation has created a change in earnings in the amount of 8.30%. CPAH has also seen movement in terms of sales that comes to a total of -10.30%.

What You Need To Know About Share Counts

Investors seem to have a heavy interest in the amounts of shares both available and outstanding. When it comes to CounterPath Corporation, there are currently 5.97M and there is a float of 2.76M. These numbers mean that out of the total of 5.97M shares of CPAH currently in existence today, 2.76M are available to be traded by the public.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to CPAH, the short percent of the float is 3.58%.

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