CommScope Holding Company Inc (NASDAQ:COMM) has a beta value of 1.92 and has seen 3.79 million shares traded in the last trading session. The company, currently valued at $1.11B, closed the last trade at $5.13 per share which meant it lost -$0.21 on the day or -3.93% during that session. The COMM stock price is -40.16% off its 52-week high price of $7.19 and 83.24% 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 4.1 million shares traded. The 3-month trading volume is 4.28 million shares.
The consensus among analysts is that CommScope Holding Company Inc (COMM) is Hold stock at the moment, with a recommendation rating of 3.78. 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.
CommScope Holding Company Inc (NASDAQ:COMM) trade information
Sporting -3.93% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the COMM stock price touched $5.13 or saw a rise of 8.56%. Year-to-date, CommScope Holding Company Inc shares have moved -1.54%, while the 5-day performance has seen it change -2.47%. Over the past 30 days, the shares of CommScope Holding Company Inc (NASDAQ:COMM) have changed -3.93%. Short interest in the company has seen 8.63 million shares shorted with days to cover at 2.32.
Wall Street analysts have a consensus price target for the stock at $1.5, which means that the shares’ value could drop -242.0% from current levels. The projected low price target is $1.5 while the price target rests at a high of $1.5. In that case, then, we find that the current price level is 70.76% off the targeted high while a plunge would see the stock lose 70.76% 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 310.40% over the past 6 months, with this year growth rate of -164.06%, compared to -9.90% for the industry.
COMM Dividends
CommScope Holding Company Inc is expected to release its next earnings report in February 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 2.95% of the company shares, while shares held by institutions stand at 79.87% with a share float percentage of 82.30%. Investors are also buoyed by the number of investors in a company, with CommScope Holding Company Inc having a total of 270.0 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.
