CommScope Holding Company Inc (NASDAQ:COMM) price on Thursday, May 09,rose 5.71% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.11.
A look at the stock’s price movement, the close in the last trading session was $1.05. Turning to its 52-week performance, $6.64 and $0.86 were the 52-week high and 52-week low respectively. Overall, COMM moved -2.63% over the past month.
CommScope Holding Company Inc’s market cap currently stands at around $235.62 million.
Turning to the stock’s technical picture we see that short term indicators suggest on average that COMM is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
COMM’s current price about 12.55% and -5.25% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 52.39, while 7-day volatility ratio is 15.61% and 11.75% in the 30-day chart. Further, CommScope Holding Company Inc (COMM) has a beta value of 1.96, and an average true range (ATR) of 0.13.
If we refocus on CommScope Holding Company Inc (NASDAQ:COMM), historical trading data shows that trading volumes averaged 3.45 million over the past 3 months. The company’s latest data on shares outstanding shows there are 212.11 million shares.
The 1.90% of CommScope Holding Company Inc’s shares are in the hands of company insiders while institutional holders own 81.67% of the company’s shares. Current price change has pushed the stock -60.64% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the COMM stock continues to rise going into the next quarter.
