In today’s recent session, 0.91 million shares of the CommScope Holding Company Inc (NASDAQ:COMM) have been traded, and its beta is 2.00. Most recently the company’s share price was $1.13, and it changed around -$0.04 or -2.99% from the last close, which brings the market valuation of the company to $240.94M. COMM at last check was trading at a discount to its 52-week high of $6.64, offering almost -487.61% off that amount. The share price’s 52-week low was $0.86, which indicates that the recent value has risen by an impressive 23.89% since then. We note from CommScope Holding Company Inc’s average daily trading volume that its 3-month average coming to 3.58 million.
CommScope Holding Company Inc stock received a consensus recommendation rating of Buy, based on a mean score of 3.33. If we narrow it down even further, the data shows that 0 out of 14 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 5 recommended COMM as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. CommScope Holding Company Inc is expected to report earnings per share of -$0.12 for the current quarter.
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CommScope Holding Company Inc (NASDAQ:COMM) trade information
Instantly COMM has been showing red trend so far today with a performance of -2.99% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -59.75% year-to-date, but still up 8.10% over the last five days. On the other hand, CommScope Holding Company Inc (NASDAQ:COMM) is 14.16% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $13.8, which translates to bulls needing to increase their stock price by 91.81% from its current value. Analyst projections state that COMM is forecast to be at a low of $9 and a high of $17.
CommScope Holding Company Inc (COMM) estimates and forecasts
CommScope Holding Company Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -17.75 percent over the past six months and at a -151.56% annual growth rate that is well below the industry average of 16.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -163.20% in revenue this quarter, and will report a decrease of -123.10% in the next quarter. The year-over-year growth rate is expected to be -14.40%, down from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of $1.21 billion in revenue for the current quarter. 8 analysts expect CommScope Holding Company Inc to make $1.27 billion in revenue for the quarter ending Sep 2024. The company’s sales for the same quarters a year ago were $2.03 billion and $1.6 billion respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -40.30%. Forecasts for the next quarter put sales growth at -20.40%.
