During the last session, CommScope Holding Company Inc (NASDAQ:COMM)’s traded shares were 2.62 million, with the beta value of the company hitting 1.93. At the end of the trading day, the stock’s price was $5.16, reflecting an intraday loss of -0.96% or -$0.05. The 52-week high for the COMM share is $7.19, that puts it down -39.34 from that peak though still a striking 83.33% gain since the share price plummeted to a 52-week low of $0.86. The company’s market capitalization is $1.11B, and the average intraday trading volume over the past 10 days was 4.87 million shares, and the average trade volume was 4.21 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 3.56. 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.
CommScope Holding Company Inc (NASDAQ:COMM) trade information
CommScope Holding Company Inc (COMM) registered a -0.96% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.96% in intraday trading to $5.16, hitting a weekly high. The stock’s 5-day price performance is -10.10%, and it has moved by 6.17% in 30 days. Based on these gigs, the overall price performance for the year is 80.42%. The short interest in CommScope Holding Company Inc (NASDAQ:COMM) is 8.63 million shares and it means that shorts have 2.32 day(s) to cover.
The consensus price target of analysts on Wall Street is $1.5, which implies a decrease of -244.0% 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 70.93% off the target high and 70.93% 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 344.83% during the last six months, with a year-to-date growth rate less than the industry average at -164.06% against -9.90.
While earnings are projected to return -91.17% in 2025.
COMM Dividends
CommScope Holding Company Inc is due to release its next quarterly earnings in February. 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 2.95% of total outstanding shares while institutional holders control 79.91%, with the float percentage being 82.34%. VANGUARD GROUP INC is the largest shareholder of the company, while 271.0 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.
