Compass Inc. (COMP) Price Target: Is It Set To Rise Or Fall In Price?

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Compass Inc. (NYSE:COMP) finished Thursday with a subtraction of -$0.15 to close at $2.29, a downside of -6.15 percent. An average of 8,597,040 shares of common stock have been traded in the last five days. There was a fall of -$0.87 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 5,298,925 shares traded, while the 50-day average volume stands at 4,266,316.

COMP stock has decreased by -28.66% in the last month. The company shares reached their 1-month lowest point of $2.26 on 09/22/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $2.43 and a high of $15.15 in 52 weeks. It has reached a new high 1 time so far this year and lost -74.81% or -$6.80 in price. In spite of this, the price is down -84.88% from the 52-week high.


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Insider Transactions

16 days have passed since Compass Inc. (COMP) last reported insider trading activity. Wilkie Danielle J., who is President, Customer Success, most recently acquired $1,109 shares at $2.81 per share on Sep 07. In this transaction, the insider spent $3,116. Chief Technology Officer, Sirosh Joseph, disposed of 78,702 shares at a price of $3.66 on Aug 19. The insider now owns more than $288,049 worth of shares. Prior to that, Chief Technology Officer Sirosh Joseph went on to Sale 71,880 shares at $4.04 each on Aug 18. An amount of $290,395 was transacted.

Valuation Metrics

Compass Inc. (COMP) has a trailing price-to-sales (P/S) ratio at 0.16, the price-to-book (PB) ratio at 1.30.

Financial Health

The quick ratio of Compass Inc. for the three months ended March 30 was 1.50, and the current ratio was 1.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.04 for the quarter ending March 30. Its gross profit as reported stood at $6.42 billion compared to revenue of $6.42 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Compass Inc.’s return on assets was -31.40%.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$101.2 million in the quarter, while revenues were grew 92.98%. The analyst consensus anticipated Compass Inc.’s latest quarter earnings to come in at -$0.48 per share, but it turned out to be -$0.45, a 6.20% surprise. For the quarter, EBITDA amounted to -$73.7 million. Shareholders own equity worth $432.15 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Compass Inc. (COMP) price momentum. RSI 9-day as of the close on 22 September was 24.16%, suggesting the stock is oversold, with historical volatility in this time frame at 78.10%.

As of today, COMP’s price is $2.57 -27.53% or -$0.87 from its 5-day moving average. COMP is currently trading -30.18% lower than its 20-day SMA and -57.83% lower than its 100-day SMA. However, the stock’s current price level is -46.12% below the SMA50 and -76.63% below the SMA200.

The stochastic %K and %D were 2.38% and 8.02%, respectively, and the average true range (ATR) was 0.23. With the 14-day stochastic at 2.68% and the average true range at 0.25, the RSI (14) stands at 28.91%. The stock has reached -0.41 on the 9-day MACD Oscillator while the 14-day reading was at -0.45.

Analyst Ratings

Morgan Stanley downgraded Compass Inc. (NYSE: COMP) to a an Equal-weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for Compass Inc. (COMP) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell COMP, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.

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

Analysts predict a range of price targets between $4.20 and $7.50, with a median target of $6.00. Taking a look at these predictions, the average price target given by analysts for Compass Inc. (COMP) stock is $5.85.

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