CommScope Holding Company Inc. (NASDAQ:COMM) saw an upside of 1.55% to close Monday at $3.27 after adding $0.05 on the day. The 5-day average trading volume is 7,301,640 shares of the company’s common stock. It has gained $4.64 in the past week and touched a new high 2 times within the past 5 days. An average of 4,042,980 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,601,776.
COMM’s 1-month performance is -47.85% or -$3.00 on its low of $3.04 reached on 08/03/23. The company’s shares have touched a 52-week low of $3.04 and high of $13.73, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, COMM has lost -55.51% or -$4.08 and has reached a new high 7 times. However, the current price is down -76.18% from the 52-week high price.
Valuation Metrics
COMM stock has a beta of 1.96. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.08 while the price to cash flow ratio at 2.25.
CommScope Holding Company Inc.’s quick ratio for the period ended June 29 was 1.10, with the current ratio over the same period at 2.00. In terms of profitability, the gross margin trailing 12 months is 31.80%. The trailing 12-month EBITDA margin is 13.37% while for the period ending June 29, CommScope Holding Company Inc.’s operating margin was -6.40%. The firm’s gross profit as reported stood at $2.8 billion against revenue of $9.23 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -33.45% to -$115.7 million, while revenue of -$11.7 million was 89.89% off the previous quarter. Analysts expected COMM to announce $0.37 per share in earnings in its latest quarter, but it posted $0.19, representing a -48.60% surprise. EBITDA for the quarter stood at more than $211.6 million. COMM stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 12.78 billion, with total debt at $9.6 billion. Shareholders hold equity totaling $211.92 million.
Let’s look briefly at CommScope Holding Company Inc. (COMM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 15.58% to suggest the stock is trending oversold, with historical volatility in this time period at 149.97%.
The stock’s 5-day moving average is $3.75, reflecting a -27.33% or -$1.23 change from its current price. COMM is currently trading -48.26% above its 20-day SMA, -49.69% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -18.45% and SMA200 by-72.98%.
Stochastic %K and %D was 9.21% and 7.81% and the average true range (ATR) pointed at 0.36. The RSI (14) points at 22.67%, while the 14-day stochastic is at 10.41% with the period’s ATR at 0.35. The stock’s 9-day MACD Oscillator is pointing at -0.83 and -1.07 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for CommScope Holding Company Inc. (NASDAQ: COMM), Credit Suisse downgraded it to a Neutral rating. They previously had an Outperform rating on the stock. Analysts offering their rating for COMM stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate COMM as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is COMM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $3.75 and a high of $10.50, with their median price target at $4.75. Looking at these predictions, the average price target given by analysts is for CommScope Holding Company Inc. (COMM) stock is $5.57.
