COMSovereign Holding Corp. [NASDAQ: COMS] loss -6.73% on the last trading session, reaching $0.07 price per share at the time. The company report on December 22, 2022 that COMSovereign Announces the Sale of its Sky Sapience Drone Subsidiary.
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Transaction Advances the Company’s Refocusing Efforts on its 4G LTE and 5G Wireless Connectivity Solutions.
COMSovereign Holding Corp. (NASDAQ: COMS) and (NASDAQ: COMSP) (“COMSovereign” or the “Company”), a U.S.-based developer of 4G LTE Advanced and 5G communication systems and solutions, today announced an agreement to sell its Israel-based, Sky Sapience (“SKS”) tethered drone unit to Titan Innovations (“Titan”) for total cash consideration of $1.8 million.
COMSovereign Holding Corp. represents 238.11 million in outstanding shares, while the company has a total market value of $17.27 million with the latest information. COMS stock price has been found in the range of $0.066 to $0.0724.
If compared to the average trading volume of 68.06M shares, COMS reached a trading volume of 33652536 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about COMSovereign Holding Corp. [COMS]:
The Average True Range (ATR) for COMSovereign Holding Corp. is set at 0.02, with the Price to Sales ratio for COMS stock in the period of the last 12 months amounting to 1.25. The Price to Book ratio for the last quarter was 0.12, with the Price to Cash per share for the same quarter was set at 0.00.
Trading performance analysis for COMS stock
COMSovereign Holding Corp. [COMS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -21.05. With this latest performance, COMS shares dropped by -19.17% in over the last four-week period, additionally sinking by -57.16% over the last 6 months – not to mention a drop of -92.06% 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 COMS stock in for the last two-week period is set at 42.57, with the RSI for the last a single of trading hit 37.51, and the three-weeks RSI is set at 44.90 for COMSovereign Holding Corp. [COMS]. The present Moving Average for the last 50 days of trading for this stock 0.0796, while it was recorded at 0.0756 for the last single week of trading, and 0.2250 for the last 200 days.
COMSovereign Holding Corp. [COMS]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and COMSovereign Holding Corp. [COMS] shares currently have an operating margin of -312.97 and a Gross Margin at -67.78. COMSovereign Holding Corp.’s Net Margin is presently recorded at -1210.83.
Return on Equity for this stock declined to -216.02, with Return on Assets sitting at -139.51.
COMSovereign Holding Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.70.
An analysis of insider ownership at COMSovereign Holding Corp. [COMS]
There are presently around $0 million, or 3.10% of COMS stock, in the hands of institutional investors. The top three institutional holders of COMS stocks are: BUCKINGHAM STRATEGIC PARTNERS with ownership of 1,814,596, which is approximately New of the company’s market cap and around 10.26% of the total institutional ownership; VANGUARD GROUP INC, holding 1,718,915 shares of the stock with an approximate value of $0.12 million in COMS stocks shares; and MORGAN STANLEY, currently with $35000.0 in COMS stock with ownership of nearly -0.29% of the company’s market capitalization.
Positions in COMSovereign Holding Corp. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 4 institutional holders increased their position in COMSovereign Holding Corp. [NASDAQ:COMS] by around 1,937,783 shares. Additionally, 15 investors decreased positions by around 1,150,341 shares, while 14 investors held positions by with 2,670,435 shares. The mentioned changes placed institutional holdings at 5,758,559 shares, according to the latest SEC report filing. COMS stock had 3 new institutional investments in for a total of 1,815,630 shares, while 6 institutional investors sold positions of 979,165 shares during the same period.