YTD, How Many New Highs Are Made By COMSovereign Holding Corp. (COMS)?

The stock of COMSovereign Holding Corp. (NASDAQ:COMS) increased by increased by $0.35 on Friday to finish at $1.58, up 28.46 percent. The last five days have seen an average of 3,593,000 shares of common stock traded. The average number of shares traded over the last 20 days was 1,138,490, while the average volume over the last 50 days totaled 548,490.

COMS stock dropped -16.40% since last month. On 10/15/21, the company’s shares reached a one-month low of $1.1100. The stock touched a high of $7.05, after rallying from a low of $1.11 in 52 weeks. The price of COMS stock has declined by -73.67%. Still, the stock price is down -77.59% from the 52-week high.


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Insider Transactions

There have been 25 days since COMSovereign Holding Corp. (COMS) last reported insider trading activity on Sep 30. On Sep 30, Director Davies Brent M acquired 2,000 shares at $1.59 each. This transaction resulted in the insider spending $3,180. On Sep 21, McIntire Dustin H. added 60,000 shares at a price of US$1.72. After the transaction, the insider now owns 1,483,763 shares. Director Davies Brent M had earlier bought 2,000 shares on Sep 15 for $1.76 a share. The transaction was completed for $3,520.

Valuation Metrics

Beta for the stock is 1.80. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 10.12, the price-to-book (PB) ratio of 0.72.

For the three months ended June 29, COMSovereign Holding Corp.’s quick ratio was 0.70, while its current ratio was 1.00, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.10, and the total debt to equity ratio is 0.17. As far as profitability goes, gross margin for the trailing twelve months is 49.40% percent. Based on annual data, it had gross profit of $4.83 million and revenue of $9.43 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. COMS’s return on assets (ROA) during the last 12 months has been -31.30%. There was a -21.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -40.00%. ROE has averaged 4.52 in the past year for the broader industry.

Earnings Surprise

According to COMSovereign Holding Corp.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that COMSovereign Holding Corp.’s quarterly earnings would be -$0.15, but it ended up being -$0.15. EBITDA was -$6.61 million for the quarter. At the end of COMSovereign Holding Corp.’s most recent quarter ended June 29, its liabilities totaled 38.68 million, while its total debt was $22.14 million. Equity owned by shareholders amounts to $72.53 million.

Technical Picture

Here’s a quick look at COMSovereign Holding Corp.’s (COMS) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 63.24%, suggesting the stock is Neutral, with a 150.34% historical volatility rate.

The stochastic %K and %D were 32.95% and 22.89% respectively, while the average true range (ATR) was 0.1813. Based on the 14-day stochastic reading of 64.38%, the RSI (14) reading is 54.91%. On the 9-day MACD Oscillator, the stock is at 0.0478.

Analyst Ratings

Analysts have assigned COMSovereign Holding Corp. (COMS) an Buy rating. COMS is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.

What is COMS’s price target for the next 12 months?

The current consensus forecast for the stock is between $9.00 and $10.00, with a median target price of $9.50. In analyzing these forecasts, the average price target given by analysts for COMSovereign Holding Corp. (COMS) is $9.50.

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