COMSovereign Holding Corp. (COMS): What Technical Indicators Show

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COMSovereign Holding Corp. (NASDAQ:COMS) saw an upside of 1.78% to close Monday at $0.06 after subtracting $0.0 on the day. The 5-day average trading volume is 28,690,520 shares of the company’s common stock. It has gained $0.0730 in the past week and touched a new high 1 time within the past 5 days. An average of 31,094,289 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 70,328,875.

COMS’s 1-month performance is -20.35% or -$0.0049 on its low of $0.0587 reached on 01/10/23. The company’s shares have touched a 52-week low of $0.04 and high of $0.95, with the stock’s rally to the 52-week high happening on 01/04/23. YTD, COMS has lost -11.89% or -$0.0085 and has reached a new high 2 times. However, the current price is down -93.37% from the 52-week high price.

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Valuation Metrics

COMS stock has a beta of 2.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.08 while the price-to-book (PB) in the most recent quarter is 0.11.

COMSovereign Holding Corp.’s quick ratio for the period ended March 30 was 0.70, with the current ratio over the same period at 1.70. As well, the company’s long term debt to equity for the quarter ending March 30 was 0.35, while the total debt to equity was 0.37. In terms of profitability, the gross margin trailing 12 months is 44.70%. The firm’s gross profit as reported stood at $6.14 million against revenue of $12.64 million.

Earnings Surprise

For the quarterly period ending March 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -1262.18% to -$1.19 million, while revenue of -$115.58 million was -9612.61% off the previous quarter. Analysts expected COMS to announce -$0.11 per share in earnings in its latest quarter, but it posted -$0.02, representing a 81.80% surprise. EBITDA for the quarter stood at more than $2.66 million. COMS stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 41.91 million, with total debt at $31.77 million. Shareholders hold equity totaling $238.11 million.

Let’s look briefly at COMSovereign Holding Corp. (COMS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 39.78% to suggest the stock is trending Neutral, with historical volatility in this time period at 63.70%.

The stock’s 5-day moving average is $0.0633, reflecting a -5.97% or -$0.0040 change from its current price. COMS is currently trading -18.29% above its 20-day SMA, -51.91% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +5.00% and SMA200 by-92.13%.

Stochastic %K and %D was 18.68% and 19.87% and the average true range (ATR) pointed at 0.0070. The RSI (14) points at 42.35%, while the 14-day stochastic is at 24.86% with the period’s ATR at 0.0088. The stock’s 9-day MACD Oscillator is pointing at -0.0028 and -0.0044 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for COMS stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate COMS as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.

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

Analysts have a consensus price target ranging from a low of $10.00 and a high of $10.00, with their median price target at $10.00. Looking at these predictions, the average price target given by analysts is for COMSovereign Holding Corp. (COMS) stock is $10.00.

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