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How Will Compass Inc (NYSE: COMP)’s Current Price Volatility Affect Its Future Potential?

In the latest trading session, 0.89 million Compass Inc (NYSE:COMP) shares changed hands as the company’s beta touched 2.93. With the company’s most recent per share price at $3.93 changing hands around $0.11 or 2.88% at last look, the market valuation stands at $1.97B. COMP’s current price is a discount, trading about -14.25% off its 52-week high of $4.49. The share price had its 52-week low at $1.82, which suggests the last value was 53.69% up since then. When we look at Compass Inc’s average trading volume, we note the 10-day average is 3.84 million shares, with the 3-month average coming to 0.90.

Compass Inc (NYSE:COMP) trade information

Instantly COMP is in green as seen in intraday trades today. With action 10.08%, the performance over the past five days has been green. The jump to weekly highs of 3.95 added 2.88% to the stock’s daily price. The company’s shares are showing year-to-date upside of 4.52%, with the 5-day performance at 10.08% in the green. However, in the 30-day time frame, Compass Inc (NYSE:COMP) is 13.26% up. Looking at the short shares, we see there were 17.35 million shares sold at short interest cover period of 3.95 days.

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Compass Inc (COMP) estimates and forecasts

Data shows that the Compass Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 5.65% over the past 6 months, a 51.43% in annual growth rate that is considerably higher than the industry average of 20.90%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Compass Inc will rise 50.00%, while the growth in revenue is estimated to hit 39.40% for the next quarter. Year-over-year growth is forecast to reach -18.20% down from the last financial year.

Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of $1.14 billion. 8 analysts are of the opinion that Compass Inc’s revenue for the quarter ending Mar 2024 will be $1.01 billion. The company’s revenue for the corresponding quarters a year ago was $1.11 billion and $957.2 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 2.60%. The estimates for the next quarter sales put growth at 5.00%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -53.56%. The 2024 estimates are for Compass Inc earnings to increase by 50.95%.

COMP Dividends

Compass Inc is expected to release its next quarterly earnings report between February 26 and March 01.

Compass Inc (NYSE:COMP)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 2.47% of Compass Inc shares while 66.71% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 68.39%. There are 66.71% institutions holding the Compass Inc stock share, with SB Investment Advisers (UK) LTD the top institutional holder. As of Jun 29, 2023, the company held 25.18% of the shares, roughly 117.37 million COMP shares worth $410.78 million.

Vanguard Group Inc holds the second largest percentage of outstanding shares, with 9.61% or 44.78 million shares worth $156.74 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jul 30, 2023 were Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund. With 12.06 million shares estimated at $50.51 million under it, the former controlled 2.59% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.23% of the shares, roughly 10.4 million shares worth around $36.42 million.

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