CommScope Holding Company Inc [NASDAQ: COMM] traded at a high on Monday, posting a 20.31 gain after which it closed the day’ session at $2.31.
The results of the trading session contributed to over 13642631 shares changing hands. Over the past one week, the price volatility of CommScope Holding Company Inc stands at 12.56% while the volatility over the past one month is 11.46%.
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The market cap for COMM stock reached $490.37 million, with 212.11 million shares outstanding and 203.45 million shares in the current float. Compared to the average trading volume of 4.67M shares, COMM reached a trading volume of 13642631 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 $1.62 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 3.38. 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.
JP Morgan have made an estimate for CommScope Holding Company Inc shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on March 04, 2024. The new note on the price target was released on March 01, 2024, representing the official price target for CommScope Holding Company Inc stock. Previously, the target price had yet another raise to $2, while BofA Securities analysts kept a Underperform rating on COMM stock.
The Average True Range (ATR) for CommScope Holding Company Inc is set at 0.19, with the Price to Sales ratio for COMM stock in the period of the last 12 months amounting to 0.08. Price to Free Cash Flow for COMM in the course of the last twelve months was 4.32 with Quick ratio for the last quarter at 1.30.
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 33.53. With this latest performance, COMM shares gained by 106.25% in over the last four-week period, additionally sinking by -4.15% over the last 6 months – not to mention a drop of -47.97% 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 76.38, with the RSI for the last a single of trading hit 81.13, and the three-weeks RSI is set at 72.15 for CommScope Holding Company Inc [COMM]. The present Moving Average for the last 50 days of trading for this stock 1.4200, while it was recorded at 1.9000 for the last single week of trading, and 1.7100 for the last 200 days.
CommScope Holding Company Inc [COMM]: Deeper insight into the fundamentals
CommScope Holding Company Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 2.30.
Insider trade positions for CommScope Holding Company Inc [COMM]
The top three institutional holders of COMM stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in COMM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in COMM stock with ownership which is approximately 5.1238%.
