In today’s recent session, 1.28 million shares of the CommScope Holding Company Inc (NASDAQ:COMM) have been traded, and its beta is 1.95. Most recently the company’s share price was $5.99, and it changed around -$0.16 or -2.61% from the last close, which brings the market valuation of the company to $1.30B. COMM at last check was trading at a discount to its 52-week high of $7.19, offering almost -20.03% off that amount. The share price’s 52-week low was $0.86, which indicates that the recent value has risen by an impressive 85.64% since then.
CommScope Holding Company Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.62. If we narrow it down even further, the data shows that 1 out of 7 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 4 recommended COMM as a Hold, whereas 0 deemed it a Buy, and 2 rated it as Underweight. CommScope Holding Company Inc is expected to report earnings per share of 0.07 for the current quarter.
CommScope Holding Company Inc (NASDAQ:COMM) trade information
Instantly COMM has been showing red trend so far today with a performance of -2.61% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 6.61 on recent trading dayincreased the stock’s daily price by 9.38%. The company’s shares are currently up 14.96% year-to-date, but still down -2.93% over the last five days. On the other hand, CommScope Holding Company Inc (NASDAQ:COMM) is 19.79% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $7, which translates to bulls needing to increase their stock price by 14.43% from its current value. Analyst projections state that COMM is forecast to be at a low of $7 and a high of $7.
CommScope Holding Company Inc (COMM) estimates and forecasts
The year-over-year growth rate is expected to be 18.91%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 1.11B in revenue for the current quarter. 4 analysts expect CommScope Holding Company Inc to make 1.25B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.17B and 1.39B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -5.21%. Forecasts for the next quarter put sales growth at -9.96%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 20.01%.
CommScope Holding Company Inc (NASDAQ:COMM)’s Major holders
FPR PARTNERS LLC, with 9.0987% or 19.43 million shares worth $23.89 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Sep 30, 2024. The former held 6.53 shares worth $39.1 million, making up 3.01% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 5.77 shares worth around $34.58 million, which represents about 2.67% of the total shares outstanding.
