In last trading session, CommScope Holding Company Inc (NASDAQ:COMM) saw 2.57 million shares changing hands with its beta currently measuring 2.11. Company’s recent per share price level of $5.65 trading at -$0.09 or -1.57% at ring of the bell on the day assigns it a market valuation of $1.22B. That closing price of COMM’s stock is at a discount of -19.47% from its 52-week high price of $6.75 and is indicating a premium of 84.78% from its 52-week low price of $0.86. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.96 million shares which gives us an average trading volume of 5.43 million if we extend that period to 3-months.
For CommScope Holding Company Inc (COMM), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3.33. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.31 in the current quarter.
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CommScope Holding Company Inc (NASDAQ:COMM) trade information
Upright in the red during last session for losing -1.57%, in the last five days COMM remained trading in the red while hitting it’s week-highest on Friday, 10/11/24 when the stock touched $5.65 price level, adding 13.61% to its value on the day. CommScope Holding Company Inc’s shares saw a change of 100.35% in year-to-date performance and have moved -6.61% in past 5-day. CommScope Holding Company Inc (NASDAQ:COMM) showed a performance of 0.89% in past 30-days. Number of shares sold short was 6.82 million shares which calculate 1.34 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 14 to the stock, which implies a rise of 59.64% to its current value. Analysts have been projecting 1.5 as a low price target for the stock while placing it at a high target of 17. It follows that stock’s current price would jump 73.45% in reaching the projected high whereas dropping to the targeted low would mean a gain of 73.45% for stock’s current value.
CommScope Holding Company Inc (COMM) estimates and forecasts
Statistics highlight that CommScope Holding Company Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 494.74% of value to its shares in past 6 months, showing an annual growth rate of 53.13% while that of industry is -1.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -6.90% 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 1.42B for the same. And 8 analysts are in estimates of company making revenue of 1.43B in the next quarter. Company posted 1.6B and 1.19B of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around 45.98% while estimates for its earnings growth in next 5 years are of 24.93%.
CommScope Holding Company Inc (NASDAQ:COMM)’s Major holders
Insiders are in possession of 3.00% of company’s total shares while institution are holding 78.53 percent of that, with stock having share float percentage of 80.96%. Investors also watch the number of corporate investors in a company very closely, which is 78.53% institutions for CommScope Holding Company Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at COMM for having 24.83 million shares of worth $30.54 million. And as of 2024-06-30, it was holding 11.6956 of the company’s outstanding shares.
The second largest institutional holder is FPR PARTNERS LLC, which was holding about 19.43 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.1501 of outstanding shares, having a total worth of $23.89 million.
