During the recent session, CommScope Holding Company Inc (NASDAQ:COMM)’s traded shares were 0.87 million, with the beta value of the company hitting 2.10. At the last check today, the stock’s price was $6.91, reflecting an intraday gain of 2.60% or $0.18. The 52-week high for the COMM share is $7.06, that puts it down -2.17 from that peak though still a striking 87.55% gain since the share price plummeted to a 52-week low of $0.86. The company’s market capitalization is $1.49B, and the average intraday trading volume over the past 10 days was 3.89 million shares, and the average trade volume was 4.57 million shares over the past three months.
CommScope Holding Company Inc (COMM) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.33. COMM has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it.
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CommScope Holding Company Inc (NASDAQ:COMM) trade information
CommScope Holding Company Inc (COMM) registered a 2.60% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.60% in intraday trading to $6.91, hitting a weekly high. The stock’s 5-day price performance is 11.01%, and it has moved by 15.66% in 30 days. Based on these gigs, the overall price performance for the year is 411.48%. The short interest in CommScope Holding Company Inc (NASDAQ:COMM) is 7.52 million shares and it means that shorts have 1.69 day(s) to cover.
The consensus price target of analysts on Wall Street is $14, which implies an increase of 50.64% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.5 and $17 respectively. As a result, COMM is trading at a discount of -146.02% off the target high and 78.29% off the low.
CommScope Holding Company Inc (COMM) estimates and forecasts
Statistics show that CommScope Holding Company Inc has outperformed its competitors in share price, compared to the industry in which it operates. CommScope Holding Company Inc (COMM) shares have gone up 596.07% during the last six months, with a year-to-date growth rate more than the industry average at 53.13% against -1.10.
While earnings are projected to return 45.98% in 2024, the next five years will return 24.93% per annum.
COMM Dividends
CommScope Holding Company Inc is due to release its next quarterly earnings on 2024-Nov-07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
CommScope Holding Company Inc (NASDAQ:COMM)’s Major holders
CommScope Holding Company Inc insiders own 3.00% of total outstanding shares while institutional holders control 79.43%, with the float percentage being 81.89%. VANGUARD GROUP INC is the largest shareholder of the company, while 219.0 institutions own stock in it. As of 2024-06-30, the company held over 24.83 million shares (or 11.6956% of all shares), a total value of $30.54 million in shares.
The next largest institutional holding, with 19.43 million shares, is of FPR PARTNERS LLC’s that is approximately 9.1501% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $23.89 million.
