CommScope Holding Company Inc [NASDAQ: COMM] price surged by 5.70 percent to reach at $0.22.
The one-year COMM stock forecast points to a potential downside of -70.0. The average equity rating for COMM stock is currently 3.38, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on 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 $2.40 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 0.31, with the Price to Sales ratio for COMM stock in the period of the last 12 months amounting to 0.16. Price to Free Cash Flow for COMM in the course of the last twelve months was 20.53 with Quick ratio for the last quarter at 0.62.
COMM Stock Performance Analysis:
CommScope Holding Company Inc [COMM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.09. With this latest performance, COMM shares gained by 84.62% in over the last four-week period, additionally plugging by 270.91% over the last 6 months – not to mention a rise of 13.97% 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 64.22, with the RSI for the last a single of trading hit 60.48, and the three-weeks RSI is set at 65.86 for CommScope Holding Company Inc [COMM]. The present Moving Average for the last 50 days of trading for this stock 2.54, while it was recorded at 3.99 for the last single week of trading, and 1.91 for the last 200 days.
Insight into CommScope Holding Company Inc Fundamentals:
CommScope Holding Company Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.62 and a Current Ratio set at 1.04.
COMM Stock EPS
With the latest financial reports released by the company, CommScope Holding Company Inc posted 0.13/share EPS, while the average EPS was predicted by analysts to be reported at 0.17/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.04. 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 24.70%.
CommScope Holding Company Inc [COMM] Institutonal Ownership Details
There are presently around $79.57%, or 82.03%% of COMM stock, in the hands of institutional investors. The top three institutional holders of COMM stocks are: VANGUARD GROUP INC with ownership of 24.83 million shares, which is approximately 11.6956%. FPR PARTNERS LLC, holding 19.43 million shares of the stock with an approximate value of $$23.89 million in COMM stocks shares; and FPR PARTNERS LLC, currently with $$19.67 million in COMM stock with ownership which is approximately 7.5332%.
