CommScope Holding Company Inc (NASDAQ:COMM) shares, rose in value, with the stock price down by -5.81% to the previous day’s close as strong demand from buyers drove the stock to $1.46.
Actively observing the price movement in the last trading, the stock closed the session at $1.55. The value of beta (5-year monthly) was 1.97. Referring to stock’s 52-week performance, its high was $6.92, and the low was $0.89. On the whole, COMM has fluctuated by -30.64% over the past month.
With the market capitalization of CommScope Holding Company Inc currently standing at about $309.91 million, investors are eagerly awaiting this quarter’s results, scheduled for May 02, 2024 – May 06, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.23, which is expected to increase to -$0.1 for fiscal year -$0.35 and then to about $0.36 by fiscal year 2025. Data indicates that the EPS growth is expected to be -154.70% in 2025, while the next year’s EPS growth is forecast to be 202.90%.
Analysts have estimated the company’s revenue for the quarter at $1.07 billion, with a low estimate of $986 million and a high estimate of $1.12 billion. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $4.7 billion, representing a decrease of -18.70% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that COMM’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of COMM currently trading nearly -10.28% and -30.63% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.08, while the 7-day volatility ratio is showing 12.45% which for the 30-day chart, stands at 11.08%. Furthermore, CommScope Holding Company Inc (COMM)’s beta value is 1.98, and its average true range (ATR) is 0.18.
A comparison of CommScope Holding Company Inc (COMM) with its peers suggests the former has fared considerably weaker in the market. COMM showed an intraday change of -5.81% in last session, and over the past year, it shrunk by -77.54%%.
Data on historical trading for CommScope Holding Company Inc (NASDAQ:COMM) indicates that the trading volumes over the past 10 days have averaged 6.07 million and over the past 3 months, they’ve averaged 3.25 million. According to company’s latest data on outstanding shares, there are 212.11 million shares outstanding.
Nearly 3.78% of CommScope Holding Company Inc’s shares belong to company insiders and institutional investors own 85.14% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.45 million shares as on Feb 29, 2024, resulting in a short ratio of 4.37. According to the data, the short interest in CommScope Holding Company Inc (COMM) stood at 4.90% of shares outstanding as of Feb 29, 2024; the number of short shares registered in Jan 31, 2024 reached 8.92 million. The stock has fallen by -48.23% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the COMM stock heading into the next quarter.
