In last trading session, CommScope Holding Company Inc (NASDAQ:COMM) saw 3.22 million shares changing hands with its beta currently measuring 2.03. Company’s recent per share price level of $0.87 trading at -$0.02 or -2.90% at ring of the bell on the day assigns it a market valuation of $184.27M. That closing price of COMM’s stock is at a discount of -663.22% from its 52-week high price of $6.64 and is indicating a premium of 1.15% from its 52-week low price of $0.86. Taking a look at company’s average trading volume volume of 3.24 million if we extend that period to 3-months.
CommScope Holding Company Inc (NASDAQ:COMM) trade information
Upright in the red during last session for losing -2.90%, in the last five days COMM remained trading in the red while hitting it’s week-highest on Monday, 04/29/24 when the stock touched $0.87 price level, adding 15.53% to its value on the day. CommScope Holding Company Inc’s shares saw a change of -69.22% in year-to-date performance and have moved -18.10% in past 5-day. CommScope Holding Company Inc (NASDAQ:COMM) showed a performance of -29.42% in past 30-days.
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 lost -41.34% of value to its shares in past 6 months, showing an annual growth rate of -153.13% while that of industry is 16.70. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -165.70% in the current quarter and calculating -184.20% decrease in the next quarter. This year revenue growth is estimated to fall -18.70% from the last financial year’s standing.
8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.07 billion for the same. And 8 analysts are in estimates of company making revenue of $1.13 billion in the next quarter that will end on Jun 2024. Company posted -$ and $2.03 billion of sales in current and next quarters respectively a year earlier.
COMM Dividends
CommScope Holding Company Inc is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
