CommScope Holding Company Inc. (NASDAQ:COMM) has a beta value of 1.82 and has seen 4.14 million shares traded in the last trading session. The company, currently valued at $1.62B, closed the last trade at $7.79 per share which meant it lost -$0.8 on the day or -9.31% during that session. The COMM stock price is -76.25% off its 52-week high price of $13.73 and 28.63% 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 3.1 million shares traded. The 3-month trading volume is 3.13 million shares.
The consensus among analysts is that CommScope Holding Company Inc. (COMM) is a Hold stock at the moment, with a recommendation rating of 2.70. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 11 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.46.
CommScope Holding Company Inc. (NASDAQ:COMM) trade information
Sporting -9.31% 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, 01/24/23 when the COMM stock price touched $7.79 or saw a rise of 16.6%. Year-to-date, CommScope Holding Company Inc. shares have moved 5.99%, while the 5-day performance has seen it change -14.49%. Over the past 30 days, the shares of CommScope Holding Company Inc. (NASDAQ:COMM) have changed 7.30%. Short interest in the company has seen 10.81 million shares shorted with days to cover at 4.06.
Wall Street analysts have a consensus price target for the stock at $11.67, which means that the shares’ value could jump 33.25% from current levels. The projected low price target is $7.00 while the price target rests at a high of $17.00. In that case, then, we find that the current price level is -118.23% off the targeted high while a plunge would see the stock lose 10.14% from current levels.
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 lost -0.64% over the past 6 months, with this year growth rate of 17.27%, compared to -2.00% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 58.60% and 71.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 6.70%.
9 analysts offering their estimates for the company have set an average revenue estimate of $2.3 billion for the current quarter. 9 have an estimated revenue figure of $2.36 billion for the next quarter concluding in Dec 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 2023 is a modest 20.20% while over the next 5 years, the company’s earnings are expected to increase by 23.70%.
CommScope Holding Company Inc. is expected to release its next earnings report between February 15 and February 20 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 2.49% of the company shares, while shares held by institutions stand at 94.21% with a share float percentage of 96.62%. Investors are also buoyed by the number of investors in a company, with CommScope Holding Company Inc. having a total of 313 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 28.84 million shares worth more than $176.52 million. As of Jun 29, 2022, Vanguard Group, Inc. (The) held 13.85% of shares outstanding.
The other major institutional holder is FPR Partners, LLC, with the holding of over 20.32 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $124.38 million and represent 9.76% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Hartford Mid Cap Fund and Vanguard Total Stock Market Index Fund. As of Jul 30, 2022, the former fund manager holds about 3.04% shares in the company for having 6.34 million shares of worth $57.23 million while later fund manager owns 5.8 million shares of worth $35.48 million as of Jun 29, 2022, which makes it owner of about 2.78% of company’s outstanding stock.