In the last trading session, 1.62 million CommScope Holding Company Inc (NASDAQ:COMM) shares changed hands as the company’s beta touched 1.99. With the company’s per share price at $4.77 changed hands at -$0.31 or -6.10% during last session, the market valuation stood at $966.90M. COMM’s last price was a discount, traded about -50.73% off its 52-week high of $7.19. The share price had its 52-week low at $0.86, which suggests the last value was 81.97% up since then. When we look at CommScope Holding Company Inc’s average trading volume, we note the 10-day average is 3.97 million shares, with the 3-month average coming to 4.57 million.
Analysts gave the CommScope Holding Company Inc (COMM) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.38. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended COMM as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight.
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CommScope Holding Company Inc (NASDAQ:COMM) trade information
Instantly COMM was in red as seen at the end of in last trading. With action 8.90%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 69.15%, with the 5-day performance at 8.90% in the green. However, in the 30-day time frame, CommScope Holding Company Inc (NASDAQ:COMM) is -31.37% down. Looking at the short shares, we see there were 7.56 million shares sold at short interest cover period of 1.55 days.
The consensus price target for the stock as assigned by Wall Street analysts is 14, meaning bulls need an upside of 65.93% from its current market value. According to analyst projections, COMM’s forecast low is 1.5 with 17 as the target high. To hit the forecast high, the stock’s price needs a -256.39% plunge from its current level, while the stock would need to tank 68.55% for it to hit the projected low.
CommScope Holding Company Inc (COMM) estimates and forecasts
Data shows that the CommScope Holding Company Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 231.25% over the past 6 months, a -164.06% in annual growth rate that is considerably lower than the industry average of -1.10%.
The 2024 estimates are for CommScope Holding Company Inc earnings to decrease by -98.44%, but the outlook for the next 5-year period is at -14.94% per year.
COMM Dividends
CommScope Holding Company Inc is expected to release its next quarterly earnings report in January.
CommScope Holding Company Inc (NASDAQ:COMM)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.00% of CommScope Holding Company Inc shares while 79.84% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 82.31%. There are 79.84% institutions holding the CommScope Holding Company Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 11.6956% of the shares, roughly 24.83 million COMM shares worth $30.54 million.
FPR PARTNERS LLC holds the second largest percentage of outstanding shares, with 9.1501% or 19.43 million shares worth $23.89 million as of 2024-06-30.
