CommScope Holding Company Inc (NASDAQ:COMM) has a beta value of 2.03 and has seen 0.49 million shares traded in the recent trading session. The company, currently valued at $1.15B, closed the recent trade at $5.30 per share which meant it lost -$0.07 on the day or -1.40% during that session. The COMM stock price is -35.66% off its 52-week high price of $7.19 and 83.77% 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 5.87 million shares traded. The 3-month trading volume is 4.96 million shares.
The consensus among analysts is that CommScope Holding Company Inc (COMM) is Hold stock at the moment, with a recommendation rating of 3.62. 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. The expected earnings per share for the stock is 0.07.
CommScope Holding Company Inc (NASDAQ:COMM) trade information
Sporting -1.40% in the red today, 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 $5.30 or saw a rise of 5.69%. Year-to-date, CommScope Holding Company Inc shares have moved 1.63%, while the 5-day performance has seen it change -5.78%. Over the past 30 days, the shares of CommScope Holding Company Inc (NASDAQ:COMM) have changed -13.90%. Short interest in the company has seen 11.07 million shares shorted with days to cover at 1.83.
Wall Street analysts have a consensus price target for the stock at $7, which means that the shares’ value could jump 24.29% from the levels at last check today. The projected low price target is $7.0 while the price target rests at a high of $7.0. In that case, then, we find that the latest price level in today’s session is -32.08% off the targeted high while a plunge would see the stock gain -32.08% from the levels at last check today.
CommScope Holding Company Inc (COMM) estimates and forecasts
The company’s shares have lost -13.34% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 18.91%.
4 analysts offering their estimates for the company have set an average revenue estimate of 1.11B for the current quarter. 4 have an estimated revenue figure of 1.25B for the next ending quarter. Year-ago sales stood 1.17B and 1.39B respectively for this quarter and the next, and analysts expect sales will shrink by -5.21% for the current quarter and 18.91% for the next. If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 20.01% over the past 5 years.
COMM Dividends
CommScope Holding Company Inc is expected to release its next earnings report on 2025-Feb-25 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 1.92% of the company shares, while shares held by institutions stand at 86.38% with a share float percentage of 88.06%. Investors are also buoyed by the number of investors in a company, with CommScope Holding Company Inc having a total of 263.0 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 9.0987% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF. As of Dec 31, 2024, the former fund manager holds about 2.98% shares in the company for having 6.45 shares of worth $34.43 million while later fund manager owns 5.59 shares of worth $29.85 million as of Feb 28, 2025, which makes it owner of about 2.58% of company’s outstanding stock.
