CommScope Holding Company Inc [NASDAQ: COMM] closed the trading session at $5.65.
The stocks have a year to date performance of 100.35 percent and weekly performance of -6.61 percent. The stock has been moved at 494.74 percent over the last six months. The stock has performed 0.89 percent around the most recent 30 days and changed 236.31 percent over the most recent 3-months.
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If compared to the average trading volume of 5.43M shares, COMM reached to a volume of 2574086 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 $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 3.33. 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 0.40, with the Price to Sales ratio for COMM stock in the period of the last 12 months amounting to 0.23. Price to Free Cash Flow for COMM in the course of the last twelve months was 28.43 with Quick ratio for the last quarter at 0.62.
COMM stock trade performance evaluation
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 -6.61. With this latest performance, COMM shares gained by 0.89% in over the last four-week period, additionally plugging by 494.74% over the last 6 months – not to mention a rise of 121.57% 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 50.33, with the RSI for the last a single of trading hit 42.72, and the three-weeks RSI is set at 55.54 for CommScope Holding Company Inc [COMM]. The present Moving Average for the last 50 days of trading for this stock 5.00, while it was recorded at 5.77 for the last single week of trading, and 2.45 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 0.62 and a Current Ratio set at 1.04.
Earnings per share (EPS) analysis for CommScope Holding Company Inc [COMM] stock
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 24.93%.
CommScope Holding Company Inc [COMM]: Institutional Ownership
There are presently around $78.53%, or 80.96%% 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%.
