CommScope Holding Company Inc (NASDAQ:COMM)’s traded shares stood at 2.38 million during the last session, with the company’s beta value hitting 2.11. At the close of trading, the stock’s price was $5.97, to imply a decrease of -3.55% or -$0.22 in intraday trading. The COMM share’s 52-week high remains $6.75, putting it -13.07% down since that peak but still an impressive 85.59% since price per share fell to its 52-week low of $0.86. The company has a valuation of $1.29B, with an average of 5.4 million shares in intraday trading volume over the past 10 days and average of 5.50 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for CommScope Holding Company Inc (COMM), translating to a mean rating of 3.38. Of 4 analyst(s) looking at the stock, 0 analyst(s) give COMM a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.31.
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CommScope Holding Company Inc (NASDAQ:COMM) trade information
After registering a -3.55% downside in the last session, CommScope Holding Company Inc (COMM) has traded red over the past five days. The 5-day price performance for the stock is -0.50%, and 54.66% over 30 days. With these gigs, the year-to-date price performance is 111.70%. Short interest in CommScope Holding Company Inc (NASDAQ:COMM) saw shorts transact 8.03 million shares and set a 1.82 days time to cover.
The extremes give us $1.5 and $17 for target low and target high price respectively. As such, COMM has been trading -184.76% off suggested target high and 74.87% from its likely low.
CommScope Holding Company Inc (COMM) estimates and forecasts
Looking at statistics comparing CommScope Holding Company Inc share performance against respective industry, we note that the company has outperformed competitors. CommScope Holding Company Inc (COMM) shares are 401.68% up over the last 6 months, with its year-to-date growth rate higher than industry average at 53.13% against -1.10%. Revenue is forecast to grow 138.50% this quarter before jumping 1,600.00% for the next one. The rating firms project that company’s revenue will shrink -6.90% compared to the previous financial year.
Revenue forecast for the current quarter as set by 8 analysts is 1.42B. Meanwhile, for the current quarter, a total of 8 analyst(s) estimate revenue growth to 1.43B.Earnings reports from the last fiscal year show that sales brought in 1.6B and 1.19B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -11.10% before jumping 20.30% in the following quarter.
COMM Dividends
CommScope Holding Company Inc has its next earnings report out in November. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
CommScope Holding Company Inc (NASDAQ:COMM)’s Major holders
CommScope Holding Company Inc insiders hold 3.00% of total outstanding shares, with institutional holders owning 78.83% of the shares at 81.27% float percentage. In total, 78.83% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 24.83 million shares (or 11.6956% of shares), all amounting to roughly $30.54 million.
The next major institution holding the largest number of shares is FPR PARTNERS LLC with 19.43 million shares, or about 9.1501% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $23.89 million.
