COMSovereign Holding Corp. (NASDAQ:COMS) finished Thursday with a subtraction of $0.0 to close at $0.08, a downside of -4.32 percent. An average of 44,987,359 shares of common stock have been traded in the last five days. There was a fall of -$0.0018 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 98,326,297 shares traded, while the 50-day average volume stands at 77,694,453.
COMS stock has decreased by -30.41% in the last month. The company shares reached their 1-month lowest point of $0.0650 on 12/27/22. With the stock rallying to its 52-week high on 03/31/22, shares of the company touched a low of $0.04 and a high of $0.95 in 52 weeks. It has reached a new high 5 times so far this year and lost -90.03% or -$0.6796 in price. In spite of this, the price is down -92.07% from the 52-week high.
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COMSovereign Holding Corp. (COMS) stock’s beta is 2.01. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.39, the price-to-book (PB) ratio at 0.13.
The quick ratio of COMSovereign Holding Corp. for the three months ended March 30 was 0.70, and the current ratio was 1.70, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.35 and a total debt to equity ratio of 0.37 for the quarter ending March 30. Its gross profit as reported stood at $6.14 million compared to revenue of $12.64 million.
For the three-month period that ended March 30, COMSovereign Holding Corp. had $16.81 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$1.19 million in the quarter, while revenues of -$115.58 million were shrunk -1262.18%. The analyst consensus anticipated COMSovereign Holding Corp.’s latest quarter earnings to come in at -$0.11 per share, but it turned out to be -$0.02, a 81.80% surprise. For the quarter, EBITDA amounted to $2.66 million. Shareholders own equity worth $238.11 million.
From a technical analysis perspective, let’s take a brief look at COMSovereign Holding Corp. (COMS) price momentum. RSI 9-day as of the close on 29 December was 45.47%, suggesting the stock is Neutral, with historical volatility in this time frame at 148.96%.
As of today, COMS’s price is $0.0719 -2.33% or -$0.0018 from its 5-day moving average. COMS is currently trading -17.52% lower than its 20-day SMA and -49.53% lower than its 100-day SMA. However, the stock’s current price level is -36.93% below the SMA50 and -86.55% below the SMA200.
The stochastic %K and %D were 19.03% and 10.94%, respectively, and the average true range (ATR) was 0.0131. With the 14-day stochastic at 24.58% and the average true range at 0.0150, the RSI (14) stands at 46.70%. The stock has reached -0.0029 on the 9-day MACD Oscillator while the 14-day reading was at -0.0073.
The consensus rating for COMSovereign Holding Corp. (COMS) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell COMS, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is COMS’s price target for the next 12 months?
Analysts predict a range of price targets between $10.00 and $10.00, with a median target of $10.00. Taking a look at these predictions, the average price target given by analysts for COMSovereign Holding Corp. (COMS) stock is $10.00.