In the latest trading session,, 2.05 million CommScope Holding Company Inc (NASDAQ:COMM) shares changed hands as the company’s beta touched 2.37. With the company’s most recent per share price at $8.52 changing hands around $0.32 or 3.95% at last look, the market valuation stands at $1.85B. COMM’s last price was a premium, traded about 1.53% off its 52-week high of $8.39. The share price had its 52-week low at $1.05, which suggests the last value was 87.68% up since then. When we look at CommScope Holding Company Inc’s average trading volume, we note the 10-day average is 6.83 million shares, with the 3-month average coming to 6.07 million.
Analysts gave the CommScope Holding Company Inc (COMM) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.62. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended COMM as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight.
CommScope Holding Company Inc (NASDAQ:COMM) trade information
Instantly COMM is in green as seen in intraday trades today. With action 31.95%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 661.07%, with the 5-day performance at 31.95% in the green. However, in the 30-day time frame, CommScope Holding Company Inc (NASDAQ:COMM) is 35.73% up. Looking at the short shares, we see there were 13.61 million shares sold at short interest cover period of 2.42 days.
The consensus price target for the stock as assigned by Wall Street analysts is 7, meaning bulls need a downside of -21.71% from its recent market value. According to analyst projections, COMM’s forecast low is 7 with 7 as the target high. To hit the forecast high, the stock’s price needs a 17.84% surge from its current level, while the stock would need to tank 17.84% for it to hit the projected low.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 20.01%. The 2025 estimates are for CommScope Holding Company Inc earnings to increase by 3018.63%.
COMM Dividends
CommScope Holding Company Inc is expected to release its next quarterly earnings report on 2025-May-01.
CommScope Holding Company Inc (NASDAQ:COMM)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.12% of CommScope Holding Company Inc shares while 89.22% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 91.16%. There are 89.22% institutions holding the CommScope Holding Company Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 11.6298% of the shares, roughly 24.83 million COMM shares worth $30.54 million.
FPR PARTNERS LLC holds the second largest percentage of outstanding shares, with 9.0987% or 19.43 million shares worth $23.89 million as of 2024-06-30.
