YTD, How Many New Highs Are Made By CommScope Holding Company Inc. (COMM)?

The stock of CommScope Holding Company Inc. (NASDAQ:COMM) decreased by -$0.08 on Tuesday to finish at $6.91, down -1.14 percent. The last five days have seen an average of 4,399,240 shares of common stock traded. 2 times new highs were reached in the current year, with a fall of -$4.13. The average number of shares traded over the last 20 days was 3,648,670, while the average volume over the last 50 days totaled 4,106,020.

COMM stock appreciated 1.32% since last month. On 06/17/22, the company’s shares reached a one-month low of $6.36. The stock touched a high of $22.18 on 01/04/22, after rallying from a low of $5.94 in 52 weeks. The price of COMM stock has declined by -37.41% or -$4.13 this year, reaching a new high 2 times. Still, the stock price is down -68.84% from the 52-week high.

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Insider Transactions

There have been 19 days since CommScope Holding Company Inc. (COMM) last reported insider trading activity on Jun 03. On Jun 03, EVP & CFO Lorentzen Kyle David acquired 17,887 shares at $8.11 each. This transaction resulted in the insider spending $144,999. On Jun 02, Treadway Charles L. added 59,927 shares at a price of US$8.34. After the transaction, the insider now owns 1,212,302 shares. Director Maguire Joanne M had earlier bought 1,000 shares on Jun 01 for $7.87 a share. The transaction was completed for $7,870.

Valuation Metrics

Beta for the stock is 1.59. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.15, and the price-to-cash flow ratio of 13.60.

Financial Health

For the three months ended March 30, CommScope Holding Company Inc.’s quick ratio was 1.00, while its current ratio was 1.60, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 30.30% percent. CommScope Holding Company Inc.’s operating margin stood at 0.80% for the same period. Based on annual data, it had gross profit of $2.68 billion and revenue of $8.59 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. COMM’s return on assets (ROA) during the last 12 months has been -4.20%. There was a 1.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 463.50%.

Earnings Surprise

According to CommScope Holding Company Inc.’s quarterly financial report for the quarter that ended March 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.23 billion, while revenues rose by 7.03% to $2.22 billion. It was predicted that CommScope Holding Company Inc.’s quarterly earnings would be $0.26, but it ended up being $0.21, beating the consensus by 23.80%. EBITDA was $207.0 million for the quarter. At the end of CommScope Holding Company Inc.’s most recent quarter ended March 30, its liabilities totaled 13.43 billion, while its total debt was $9.69 billion. Equity owned by shareholders amounts to $207.26 million.

Technical Picture

Here’s a quick look at CommScope Holding Company Inc.’s (COMM) price momentum from a technical perspective. As of 21 June, the RSI 9-day stood at 42.98%, suggesting the stock is Neutral, with a 116.28% historical volatility rate.

The stochastic %K and %D were 24.47% and 22.15% respectively, while the average true range (ATR) was 0.57. Based on the 14-day stochastic reading of 22.29%, the RSI (14) reading is 45.50%. On the 9-day MACD Oscillator, the stock is at -0.58, and the 14-day reading is at -0.87.

Analyst Ratings

CommScope Holding Company Inc. (NASDAQ: COMM) was downgraded by Raymond James to a an Underperform rating in its latest research report. The stock was previously rated as a a Mkt perform.

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

The current consensus forecast for the stock is between $6.00 and $15.00, with a median target price of $9.00. In analyzing these forecasts, the average price target given by analysts for CommScope Holding Company Inc. (COMM) is $9.82.


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