Compass Inc (NYSE:COMP) shares, rose in value, with the stock price down by -14.33% to the previous day’s close as strong demand from buyers drove the stock to $2.93.
Actively observing the price movement in the last trading, the stock closed the session at $3.42. The value of beta (5-year monthly) was 2.93. Referring to stock’s 52-week performance, its high was $4.49, and the low was $1.82. On the whole, COMP has fluctuated by -22.89% over the past month.
With the market capitalization of Compass Inc currently standing at about $1.42 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 07, 2024 – May 13, 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 -$0.19, which is expected to increase to $0.08 for fiscal year -$0.26 and then to about -$0.01 by fiscal year 2025. Data indicates that the EPS growth is expected to be 62.30% in 2025, while the next year’s EPS growth is forecast to be 96.20%.
Analysts have estimated the company’s revenue for the quarter at $1.02 billion, with a low estimate of $974.1 million and a high estimate of $1.05 billion. According to the average forecast, sales growth in current quarter could jump up 6.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $5.39 billion, representing an increase of 10.20% 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 3 upward and no downward review(s) in last seven days. We see that COMP’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy 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 COMP currently trading nearly -19.48% and -18.26% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 32.19, while the 7-day volatility ratio is showing 8.56% which for the 30-day chart, stands at 6.12%. Furthermore, Compass Inc (COMP)’s beta value is 2.92, and its average true range (ATR) is 0.24.
A comparison of Compass Inc (COMP) with its peers suggests the former has fared considerably weaker in the market. COMP showed an intraday change of -14.33% in last session, and over the past year, it shrunk by -1.35%%.
Data on historical trading for Compass Inc (NYSE:COMP) indicates that the trading volumes over the past 10 days have averaged 3.76 million and over the past 3 months, they’ve averaged 4.82 million. According to company’s latest data on outstanding shares, there are 465.63 million shares outstanding.
Nearly 24.90% of Compass Inc’s shares belong to company insiders and institutional investors own 40.71% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 17.99 million shares as on Feb 29, 2024, resulting in a short ratio of 3.72. According to the data, the short interest in Compass Inc (COMP) stood at 3.66% of shares outstanding as of Feb 29, 2024; the number of short shares registered in Jan 31, 2024 reached 17.35 million. The stock has fallen by -22.07% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the COMP stock heading into the next quarter.
