COMSovereign Holding Corp. [NASDAQ: COMS] jumped around 0.31 points on Thursday, while shares priced at $5.29 at the close of the session, up 6.22%. The company report on February 11, 2021 that COMSovereign Holding Corp. Announces Pricing of $24.0 Million Public Offering.
COMSovereign Holding Corp. (NASDAQ: COMS) (“COMSovereign” or “Company”), a U.S.-based developer of 4G LTE Advanced and 5G Communication Systems and Solutions, announced the pricing of an underwritten public offering of 5,647,059 shares of common stock at a public offering price of $4.25 per share for aggregate gross proceeds of $24,000,000 prior to deducting underwriting discounts, commissions, and other offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 847,058 shares at the public offering price less the underwriting discounts and commissions. The offering is expected to close on Friday February 12, 2021, subject to satisfaction of customary closing conditions.
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The Company intends to use the net proceeds from the offering primarily for the repayment of outstanding indebtedness and payables, working capital, and general corporate purposes.
Compared to the average trading volume of 423.42K shares, COMS reached a trading volume of 37042350 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about COMSovereign Holding Corp. [COMS]?
The Average True Range (ATR) for COMSovereign Holding Corp. is set at 0.75, with the Price to Sales ratio for COMS stock in the period of the last 12 months amounting to 31.75. The Price to Book ratio for the last quarter was 6.78, with the Price to Cash per share for the same quarter was set at 0.01.
How has COMS stock performed recently?
COMSovereign Holding Corp. [COMS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 20.23. With this latest performance, COMS shares dropped by -13.98% in over the last four-week period, additionally sinking by -10.49% over the last 6 months – not to mention a rise of 46.94% in the past year of trading.
COMSovereign Holding Corp. [COMS]: Deeper insight into the fundamentals
COMSovereign Holding Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.10 and a Current Ratio set at 0.30.
Earnings analysis for COMSovereign Holding Corp. [COMS]
With the latest financial reports released by the company, COMSovereign Holding Corp. posted -0.13/share EPS, while the average EPS was predicted by analysts to be reported at -0.06/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -116.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for COMS.
Insider trade positions for COMSovereign Holding Corp. [COMS]
0 institutional holders increased their position in COMSovereign Holding Corp. [NASDAQ:COMS] by around 0 shares. Additionally, 0 investors decreased positions by around 0 shares, while 2 investors held positions by with 80,312 shares. The mentioned changes placed institutional holdings at 80,312 shares, according to the latest SEC report filing. COMS stock had 0 new institutional investments in for a total of 0 shares, while 0 institutional investors sold positions of 0 shares during the same period.