CommScope Holding Company Inc. (NASDAQ:COMM) has a beta value of 1.74 and has seen 2.73 million shares traded in the last trading session. The company, currently valued at $2.34B, closed the last trade at $11.40 per share which meant it lost -$0.46 on the day or -3.88% during that session. The COMM stock price is -23.86% off its 52-week high price of $14.12 and 51.23% above the 52-week low of $5.56. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.71 million shares traded. The 3-month trading volume is 3.57 million shares.
CommScope Holding Company Inc. (NASDAQ:COMM) trade information
Sporting -3.88% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 09/20/22 when the COMM stock price touched $11.40 or saw a rise of 6.56%. Year-to-date, CommScope Holding Company Inc. shares have moved 3.26%, while the 5-day performance has seen it change -3.55%. Over the past 30 days, the shares of CommScope Holding Company Inc. (NASDAQ:COMM) have changed 6.15%. Short interest in the company has seen 14.94 million shares shorted with days to cover at 3.35.
CommScope Holding Company Inc. (COMM) estimates and forecasts
Figures show that CommScope Holding Company Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 31.34% over the past 6 months, with this year growth rate of 21.58%, compared to -5.40% for the industry. Other than that, the company has, however, increased its growth outlook for the 2022 fiscal year revenue. Growth estimates for the current quarter are -32.60% and 58.60% for the next quarter. Revenue growth from the last financial year stood is estimated to be 5.60%.
10 analysts offering their estimates for the company have set an average revenue estimate of $2.26 billion for the current quarter. 10 have an estimated revenue figure of $2.3 billion for the next quarter concluding in Sep 2022.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -33.60% over the past 5 years. Earnings growth for 2022 is a modest 20.20% while over the next 5 years, the company’s earnings are expected to increase by 23.90%.
CommScope Holding Company Inc. is expected to release its next earnings report between February 15 and February 21 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
CommScope Holding Company Inc. (NASDAQ:COMM)’s Major holders
Insiders own 2.50% of the company shares, while shares held by institutions stand at 93.40% with a share float percentage of 95.80%. Investors are also buoyed by the number of investors in a company, with CommScope Holding Company Inc. having a total of 340 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 27.0 million shares worth more than $212.78 million. As of Mar 30, 2022, Vanguard Group, Inc. (The) held 13.03% of shares outstanding.
The other major institutional holder is FPR Partners, LLC, with the holding of over 19.67 million shares as of Mar 30, 2022. The firm’s total holdings are worth over $155.02 million and represent 9.49% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Hartford Mid Cap Fund and Undiscovered Managers Behavioral Value Fund. As of Apr 29, 2022, the former fund manager holds about 4.62% shares in the company for having 9.57 million shares of worth $57.7 million while later fund manager owns 6.36 million shares of worth $50.09 million as of Mar 30, 2022, which makes it owner of about 3.07% of company’s outstanding stock.