CommScope Holding Company Inc. [COMM] is -38.04% lower this YTD. Is it still time to buy?


CommScope Holding Company Inc. [NASDAQ: COMM] traded at a high on 07/19/22, posting a 6.54 gain after which it closed the day’ session at $6.84. The company report on July 19, 2022 that Liberty Global Selects CommScope as DOCSIS 4.0 Technology Partner.

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CommScope to deliver RMD Node platform in Europe’s first D4.0 project, laying groundwork for 10G HFC networks.

CommScope (NASDAQ: COMM) announced today that it was selected by Liberty Global to develop and deploy a Remote MACPHY Device (RMD) Node platform for DOCSIS 4.0 (D4.0), accelerating Liberty Global’s progress towards 10G capabilities.

The results of the trading session contributed to over 4303531 shares changing hands. Over the past one week, the price volatility of CommScope Holding Company Inc. stands at 5.78% while the volatility over the past one month is 6.74%.

The market cap for COMM stock reached $1.31 billion, with 205.40 million shares outstanding and 202.07 million shares in the current float. Compared to the average trading volume of 4.15M shares, COMM reached a trading volume of 4303531 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about CommScope Holding Company Inc. [COMM]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for COMM shares is $9.60 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on COMM stock is a recommendation set at 2.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Raymond James have made an estimate for CommScope Holding Company Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on April 11, 2022. While these analysts kept the previous recommendation, Goldman raised their target price from $18 to $9. The new note on the price target was released on April 01, 2022, representing the official price target for CommScope Holding Company Inc. stock. Previously, the target price had yet another drop from $12 to $8, while BofA Securities kept a Underperform rating on COMM stock.

The Average True Range (ATR) for CommScope Holding Company Inc. is set at 0.46, with the Price to Sales ratio for COMM stock in the period of the last 12 months amounting to 0.15. Price to Free Cash Flow for COMM in the course of the last twelve months was 13.24 with Quick ratio for the last quarter at 1.00.

How has COMM stock performed recently?

CommScope Holding Company Inc. [COMM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.62. With this latest performance, COMM shares gained by 3.79% in over the last four-week period, additionally sinking by -32.81% over the last 6 months – not to mention a drop of -65.47% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for COMM stock in for the last two-week period is set at 53.37, with the RSI for the last a single of trading hit 59.16, and the three-weeks RSI is set at 50.95 for CommScope Holding Company Inc. [COMM]. The present Moving Average for the last 50 days of trading for this stock 6.97, while it was recorded at 6.39 for the last single week of trading, and 8.89 for the last 200 days.

CommScope Holding Company Inc. [COMM]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and CommScope Holding Company Inc. [COMM] shares currently have an operating margin of +3.41 and a Gross Margin at +24.69. CommScope Holding Company Inc.’s Net Margin is presently recorded at -5.39.

Return on Equity for this stock declined to -40.29, with Return on Assets sitting at -3.45.

CommScope Holding Company Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.60.

Earnings analysis for CommScope Holding Company Inc. [COMM]

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 COMM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for CommScope Holding Company Inc. go to 28.20%.

Insider trade positions for CommScope Holding Company Inc. [COMM]

There are presently around $1,232 million, or 94.10% of COMM stock, in the hands of institutional investors. The top three institutional holders of COMM stocks are: VANGUARD GROUP INC with ownership of 27,002,559, which is approximately 11.525% of the company’s market cap and around 2.90% of the total institutional ownership; FPR PARTNERS LLC, holding 19,673,018 shares of the stock with an approximate value of $126.3 million in COMM stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $116.5 million in COMM stock with ownership of nearly 1.088% of the company’s market capitalization.

Positions in CommScope Holding Company Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 152 institutional holders increased their position in CommScope Holding Company Inc. [NASDAQ:COMM] by around 25,254,525 shares. Additionally, 100 investors decreased positions by around 24,076,553 shares, while 37 investors held positions by with 142,646,218 shares. The mentioned changes placed institutional holdings at 191,977,296 shares, according to the latest SEC report filing. COMM stock had 48 new institutional investments in for a total of 4,945,570 shares, while 40 institutional investors sold positions of 5,418,652 shares during the same period.