In recent trading session, CommScope Holding Company, Inc. (NASDAQ:COMM) saw 9,673,814 shares changing hands with its beta currently measuring 1.57. Company’s recent per share price level of $11.14 trading at $1.66 or 17.51% at recent trade assigns it a market valuation of $2.21 Billion. That current trading price of COMM’s stock is at a discount of -41.74% from its 52-week high price of $15.79 and is indicating a premium of 50.63% from its 52-week low price of $5.5. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.14 Million shares which gives us an average trading volume of 4.72 Million if we extend that period to 3-months.
CommScope Holding Company, Inc. (NASDAQ:COMM) trade information
Upright in the green today for gaining 17.51%, in the last five days COMM remained trading in the green while hitting it’s week-highest on Thursday, Aug 06 when the stock touched $11.36- price level, adding 1.85% to its value on the day. CommScope Holding Company, Inc.’s shares saw a change of -21.42% in year-to-date performance and have moved 22.8% in past 5-day. CommScope Holding Company, Inc. (NASDAQ:COMM) showed a performance of 28.53% in past 30-days. Number of shares sold short was 11.02 Million shares which calculate 2.33 days to cover the short interests.
CommScope Holding Company, Inc. (COMM) estimates and forecasts
Statistics highlight that CommScope Holding Company, Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lessened -25.3% of value to its shares in past 6 months, showing an annual growth rate of -44.65% while that of industry is -19.8. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -71.2% in the current quarter and calculating -29.1% decline in the next quarter. This year revenue growth is estimated to rise 1.1% from the last financial year’s standing.
11 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $2.06 Billion for the same. And 11 analysts are in estimates of company making revenue of $2.15 Billion in the next quarter that will end in September 01, 2020. Company posted $2.57 Billion and $2.38 Billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -19.6% while estimating it to be -9.7% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -43.4% during past 5 years. In 2020, company’s earnings growth rate is likely to be around -839.9% while estimates for its earnings growth in next 5 years are of -0.25%
CommScope Holding Company, Inc. (NASDAQ:COMM)’s Major holders
Insiders are in possession of 1.81% of company’s total shares while institution are holding 105.08% percent of that, with stock having share float percentage of 107.02%. Investors also watch the number of corporate investors in a company very closely, which is 314 institutions for CommScope Holding Company, Inc. that are currently holding shares of the company. FMR, LLC is the top institutional holder at COMM for having 21.44 Million shares of worth $195.33 Million. And as of March 30, 2020, it was holding 10.95% of the company’s outstanding shares.
The second largest institutional holder is Maverick Capital Ltd., which was holding about 19.33 Million shares on March 30, 2020. The number of shares represents firm’s hold over 9.87% of outstanding shares, having a total worth of $176.06 Million.
On the other hand, Hartford Mid Cap Fund and First Trust Dow Jones Internet Index (SM) Fund are the top two Mutual Funds which own company’s shares. As of April 29, 2020, the former fund manager was holding 10595394 shares of worth $116.66 Million or 5.41% of the total outstanding shares. The later fund manager was in possession of 9.37 Million shares on March 30, 2020, making its stake of worth around $85.37 Million in the company or a holder of 4.78% of company’s stock.