As of Friday close, CommScope Holding Company Inc.’s (NASDAQ:COMM) stock was up $0.58, moving up 8.76 percent to $7.20. The average number of shares traded per day over the past five days has been 5,274,480 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.40 fall in that time frame. In the last twenty days, the average volume was 4,767,630, while in the previous 50 days, it was 4,877,254.
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Since last month, COMM stock rose 6.82%. Shares of the company fell to $5.94 on 05/02/22, the lowest level in the past month. A 52-week high of $22.18 was reached on 01/04/22 after having rallying from a 52-week low of $5.94. Since the beginning of this year, COMM’s stock price has dropped by -34.78% or -$3.84, and marked a new high 2 times. However, the stock has declined by -67.54% since its 52-week high.
CommScope Holding Company Inc. (COMM) last reported insider trading activity 3 days ago on May 11. Firouzbakht Farid, the SVP & President, OWN of the company, purchased of 10,000 shares for $6.97 on May 11. It resulted in a $69,697 investment by the insider. DRENDEL FRANK M added 44,000 shares at an average price of $6.83 on Mar 11. The insider now owns 2,372,228 shares following the transaction. On Mar 11, President and CEO Treadway Charles L. bought 73,965 shares at $6.78 apiece. The transaction was valued at $501,542.
In the three months ended September 29, CommScope Holding Company Inc.’s quick ratio stood at 1.00, while its current ratio was 1.60, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 30.30% percent. In the year ended September 29, operating margins totaled 0.80%. Based on annual data, COMM earned $2.68 billion in gross profit and brought in $8.59 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 1.30%. Return on equity (ROE) for the past 12 months was 463.50%.
In CommScope Holding Company Inc.’s quarter-end financial report for September 29, it reported total debt of $9.48 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. COMM’s revenue rose 7.03% to $2.22 billion during the quarter, while net income inched up to $2.23 billion. While analysts expected CommScope Holding Company Inc. to report $0.41 quarterly earnings, the actual figure was $0.29 per share, beating the consensus estimate by -29.30%. During the quarter, the company generated $207.0 million in EBITDA. The liabilities of CommScope Holding Company Inc. were 13.43 billion at the end of its most recent quarter ended September 29, and its total debt was $9.69 billion. The value of shareholders’ equity is $207.26 million.
This quick technical analysis looks at CommScope Holding Company Inc.’s (COMM) price momentum. With a historical volatility rate of 109.55%, the RSI 9-day stood at 57.33% on 13 May.
With respect to its five-day moving average, the current CommScope Holding Company Inc. price is down by -5.26% percent or -$0.40. At present, COMM shares trade +11.46% above its 20-day simple moving average and -30.77% percent below its 100-day simple moving average. However, the stock is currently trading approximately -20.35% below its SMA50 and -66.05% below its SMA200.
Stochastic coefficient K was 40.00% and Stochastic coefficient D was 38.57%, while ATR was 0.60. Given the Stochastic reading of 56.00% for the 14-day period, the RSI (14) reading has been calculated as 53.69%. As of today, the MACD Oscillator reading stands at -0.05, while the 14-day reading stands at 0.18.
CommScope Holding Company Inc. downgraded its rating on CommScope Holding Company Inc. (NASDAQ: COMM) to an Underperform in a note to investors on April 11, 2022. The analysts firm previously had a Mkt perform rating on the stock.CommScope Holding Company Inc. (COMM) has been rated Hold by analysts. According to 2 brokerage firms, COMM is a sell, and 6 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate CommScope Holding Company Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $9.00, the current consensus forecast for the stock is $8.00 – $15.00. Based on these forecasts, analysts predict CommScope Holding Company Inc. (COMM) will achieve an average price target of $10.05.