CommScope Holding Company Inc (NASDAQ:COMM) traded at $0.98 at close of the session on Monday, April 29, made an upward move of 4.51% on its previous day’s price.
Looking at the stock we see that its previous close was $0.94. In terms of its 52-week price range, COMM has a high of $6.64 and a low of $0.86. The company’s stock has lost about -25.34% over that past 30 days.
CommScope Holding Company Inc has a market cap of $207.62 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.23, with the EPS growth for the year raised at -$0.35 for 2024 and $0.36 for next year. These figures represent -154.70% and 202.90% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1.07 billion, with a low of $986 million and a high of $1.12 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $4.7 billion, or -18.70% down from figures reported last year.
On the other hand, looking at the outlook for the COMM stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -9.59% off its SMA20 and -26.99% from its 50-day simple moving average. The RSI (14) is pointing at 39.44 while the volatility over the past week is 11.03% and jumps to 9.06% over the past one month. The beta value is 2.01, while the average true range (ATR) is currently pointing at 0.11.
Coming back to CommScope Holding Company Inc (NASDAQ:COMM), we note that the average 3-month trading volume was 3.18 million. Current shares outstanding are 212.11 million.
The insiders hold 1.89% of the company’s shares while institutions hold 81.99%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -65.32% down in year-to-date price movement.
