CommScope Holding Company Inc (NASDAQ:COMM) has a beta value of 1.99 and has seen 11.19 million shares traded in the last trading session. The company, currently valued at $1.17B, closed the last trade at $5.09 per share which meant it gained $0.41 on the day or 8.76% during that session. The COMM stock price is -41.26% off its 52-week high price of $7.19 and 83.1% above the 52-week low of $0.86. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.99 million shares traded. The 3-month trading volume is 4.41 million shares.
The consensus among analysts is that CommScope Holding Company Inc (COMM) is Hold stock at the moment, with a recommendation rating of 3.38. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 4 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.03.
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CommScope Holding Company Inc (NASDAQ:COMM) trade information
Sporting 8.76% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the COMM stock price touched $5.09 or saw a rise of 5.04%. Year-to-date, CommScope Holding Company Inc shares have moved 80.50%, while the 5-day performance has seen it change 23.54%. Over the past 30 days, the shares of CommScope Holding Company Inc (NASDAQ:COMM) have changed -18.17%. Short interest in the company has seen 7.7 million shares shorted with days to cover at 2.13.
Wall Street analysts have a consensus price target for the stock at $14, which means that the shares’ value could jump 63.64% from current levels. The projected low price target is $1.5 while the price target rests at a high of $17.0. In that case, then, we find that the current price level is -233.99% off the targeted high while a plunge would see the stock lose 70.53% from current levels.
CommScope Holding Company Inc (COMM) estimates and forecasts
Figures show that CommScope Holding Company Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 335.04% over the past 6 months, with this year growth rate of -164.06%, compared to -1.10% for the industry. Revenue growth from the last financial year stood is estimated to be -18.04%.
4 analysts offering their estimates for the company have set an average revenue estimate of 1.11B for the current quarter. 3 have an estimated revenue figure of 1.06B for the next ending quarter. Year-ago sales stood 1.19B and 1.17B respectively for this quarter and the next, and analysts expect sales will shrink by -6.20% for the current quarter and -18.04% for the next.
Earnings growth for 2024 is a modest -98.44% while over the next 5 years, the company’s earnings are expected to decrease by -14.94%.
COMM Dividends
CommScope Holding Company Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
CommScope Holding Company Inc (NASDAQ:COMM)’s Major holders
Insiders own 3.00% of the company shares, while shares held by institutions stand at 79.81% with a share float percentage of 82.28%. Investors are also buoyed by the number of investors in a company, with CommScope Holding Company Inc having a total of 268.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 24.83 million shares worth more than $30.54 million. As of 2024-06-30, VANGUARD GROUP INC held 11.6956% of shares outstanding.
The other major institutional holder is FPR PARTNERS LLC, with the holding of over 19.43 million shares as of 2024-06-30. The firm’s total holdings are worth over $23.89 million and represent 9.1501% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Jun 30, 2024 , the former fund manager holds about 3.02% shares in the company for having 6.52 shares of worth $33.18 million while later fund manager owns 5.52 shares of worth $28.1 million as of Sep 30, 2024 , which makes it owner of about 2.56% of company’s outstanding stock.
