CommScope Holding Company Inc (NASDAQ:COMM) does about 3.18M shares in volume on a normal day but saw 3042906 shares change hands in Monday trading. The company now has a market cap of 207.62M USD. Its current market price is $0.98, marking an increase of 4.51% compared to the previous close of $0.94. The 52 week high reached by this stock is $6.64 whilst the lowest price level in 52 weeks is $0.86.
CommScope Holding Company Inc (COMM) has a 20-day trading average at $1.0647 and the current price is -85.28% off the 52-week high compared with 13.73% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.3145 and its 200-day simple moving average is $2.4362. If we look at the stock’s price movements over the week, volatility stands at 11.03%, which decreases to 9.06% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 39.44 to suggest the stock is neutral.
The consensus objective for the share price is $1.21, suggesting that the stock has a potential upside of 19.01% over the period.
BofA Securities downgraded its price target at $2.
CommScope Holding Company Inc (COMM) stock is down -4.11% over the week and -25.34% over the past month. Its price is -65.32% year-to-date and -78.69% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/31/2023, with the company’s earnings per share (EPS) of 0.35 above consensus estimates by 0.02. The company’s next earnings report forecasts estimating quarterly EPS at -0.23 and -0.35 for whole year. Expected sales for next quarter are $1.13B, which analysts say will come at $4.7B for the current fiscal year and next year at $5.22B. In addition, estimates put the company’s current quarterly revenue at an average of $1.07B.
To reach the target analysts have set, the stock logically needs to grow 19.01 percent from here.
The company has a return on investment of -19.95% and return on equity of -1838.38%. The forward price to earnings ratio is 2.46. The beta has a value of 2.01. Price to sales ratio is 0.03.
