CommScope Holding Company Inc. [COMM] fell -23.82% so far this year. What now?


CommScope Holding Company Inc. [NASDAQ: COMM] closed the trading session at $8.41 on 07/27/22. The day’s price range saw the stock hit a low of $8.035, while the highest price level was $8.51. The company report on July 22, 2022 that CommScope Enters Wi-Fi 6E Retail Market with Launch of Two New ARRIS Products: SURFboard Thruster Gaming Acceleration Kit & SURFboard Wi-Fi 6E Network Upgrade Kit.

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—Designed to accelerate home network connectivity and improve overall gaming experiences—.

As devices and gaming consoles are increasingly connected to home networks, consumers desire to improve the quality and performance of their Wi-Fi® network and they can do that by upgrading their network to Wi-Fi 6E.

The stocks have a year to date performance of -23.82 percent and weekly performance of 18.45 percent. The stock has been moved at -8.39 percent over the last six months. The stock has performed 17.46 percent around the most recent 30 days and changed 32.86 percent over the most recent 3-months.

If compared to the average trading volume of 4.16M shares, COMM reached to a volume of 5938850 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 0.44, with the Price to Sales ratio for COMM stock in the period of the last 12 months amounting to 0.20. Price to Free Cash Flow for COMM in the course of the last twelve months was 17.44 with Quick ratio for the last quarter at 1.00.

COMM stock trade performance evaluation

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 18.45. With this latest performance, COMM shares gained by 17.46% in over the last four-week period, additionally sinking by -8.39% over the last 6 months – not to mention a drop of -58.22% 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 70.08, with the RSI for the last a single of trading hit 80.47, and the three-weeks RSI is set at 63.52 for CommScope Holding Company Inc. [COMM]. The present Moving Average for the last 50 days of trading for this stock 7.07, while it was recorded at 7.86 for the last single week of trading, and 8.74 for the last 200 days.

CommScope Holding Company Inc. [COMM]: An insightful look at the core fundamentals

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 per share (EPS) analysis for CommScope Holding Company Inc. [COMM] stock

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%.

CommScope Holding Company Inc. [COMM]: Insider Ownership positions

There are presently around $1,604 million, or 94.00% 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 $165.45 million in COMM stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $152.61 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 153 institutional holders increased their position in CommScope Holding Company Inc. [NASDAQ:COMM] by around 24,929,226 shares. Additionally, 102 investors decreased positions by around 25,821,543 shares, while 37 investors held positions by with 140,022,523 shares. The mentioned changes placed institutional holdings at 190,773,292 shares, according to the latest SEC report filing. COMM stock had 50 new institutional investments in for a total of 5,102,171 shares, while 40 institutional investors sold positions of 5,432,632 shares during the same period.