In the last trading session, 4.84 million shares of the CommScope Holding Company Inc (NASDAQ:COMM) were traded, and its beta was 2.11. Most recently the company’s share price was $6.87, and it changed around $0.17 or 2.54% from the last close, which brings the market valuation of the company to $1.48B. COMM currently trades at a discount to its 52-week high of $6.76, offering almost 1.6% off that amount. The share price’s 52-week low was $0.86, which indicates that the current value has risen by an impressive 87.48% since then. We note from CommScope Holding Company Inc’s average daily trading volume that its 10-day average is 3.5 million shares, with the 3-month average coming to 4.84 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 0.31 for the current quarter.
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CommScope Holding Company Inc (NASDAQ:COMM) trade information
Instantly COMM has showed a green trend with a performance of 2.54% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 7.05 on recent trading dayincreased the stock’s daily price by 2.55%. The company’s shares are currently up 143.62% year-to-date, but still up 15.08% over the last five days. On the other hand, CommScope Holding Company Inc (NASDAQ:COMM) is 12.44% up in the 30-day period. We can see from the shorts that 7.52 million shares have been sold at a short interest cover period of 1.69 day(s).
The consensus price target as assigned by Wall Street analysts is $14, which translates to bulls needing to increase their stock price by 50.93% from its current value. Analyst projections state that COMM is forecast to be at a low of $1.5 and a high of $17.
CommScope Holding Company Inc (COMM) estimates and forecasts
CommScope Holding Company Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 668.46 percent over the past six months and at a 53.13% annual growth rate that is well above the industry average of -1.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 138.50% in revenue this quarter, and will report an increase of 1,600.00% in the next quarter. The year-over-year growth rate is expected to be -6.90%, down from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of 1.42B in revenue for the current quarter. 8 analysts expect CommScope Holding Company Inc to make 1.43B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.6B and 1.19B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -11.10%. Forecasts for the next quarter put sales growth at 20.30%.
CommScope Holding Company Inc earnings are expected to increase by 45.98% in 2024, but the outlook is positive 24.93% per year for the next five years.
COMM Dividends
CommScope Holding Company Inc’s next quarterly earnings report is expected to be released in November.
CommScope Holding Company Inc (NASDAQ:COMM)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.00% of CommScope Holding Company Inc shares, and 79.44% of them are in the hands of institutional investors. The stock currently has a share float of 81.90%. CommScope Holding Company Inc stock is held by 217.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 11.6956% of the shares, which is about 24.83 million shares worth $30.54 million.
FPR PARTNERS LLC, with 9.1501% or 19.43 million shares worth $23.89 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
