During the last session, CommScope Holding Company Inc (NASDAQ:COMM)’s traded shares were 3.33 million, with the beta value of the company hitting 1.96. At the end of the trading day, the stock’s price was $5.75, reflecting an intraday loss of -0.69% or -$0.04. The 52-week high for the COMM share is $7.19, that puts it down -25.04 from that peak though still a striking 85.04% gain since the share price plummeted to a 52-week low of $0.86. The company’s market capitalization is $1.24B, and the average intraday trading volume over the past 10 days was 3.03 million shares, and the average trade volume was 4.44 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. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.04.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
CommScope Holding Company Inc (NASDAQ:COMM) trade information
CommScope Holding Company Inc (COMM) registered a -0.69% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.69% in intraday trading to $5.75, hitting a weekly high. The stock’s 5-day price performance is 7.68%, and it has moved by 22.86% in 30 days. Based on these gigs, the overall price performance for the year is 175.12%. The short interest in CommScope Holding Company Inc (NASDAQ:COMM) is 8.47 million shares and it means that shorts have 1.63 day(s) to cover.
The consensus price target of analysts on Wall Street is $1.5, which implies a decrease of -283.33% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.5 and $1.5 respectively. As a result, COMM is trading at a premium of 73.91% off the target high and 73.91% off the low.
CommScope Holding Company Inc (COMM) estimates and forecasts
Statistics show that CommScope Holding Company Inc has underperformed its competitors in share price, compared to the industry in which it operates. CommScope Holding Company Inc (COMM) shares have gone up 310.71% during the last six months, with a year-to-date growth rate less than the industry average at -164.06% against -1.10. In the rating firms’ projections, revenue will decrease -18.02% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.11B as predicted by 5 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 1.07B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.19B and 1.17B respectively. In this case, analysts expect current quarter sales to shrink by -6.16% and then drop by -8.74% in the coming quarter.
While earnings are projected to return -90.94% in 2024, the next five years will return -14.83% per annum.
COMM Dividends
CommScope Holding Company Inc is due to release its next quarterly earnings in January. 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 79.95%, with the float percentage being 82.42%. VANGUARD GROUP INC is the largest shareholder of the company, while 272.0 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.
