CommScope Holding Company Inc. (NASDAQ:COMM) finished Thursday with an addition of $0.06 to close at $3.34, an upside of 1.83 percent. An average of 2,238,602 shares of common stock have been traded in the last five days. There was a fall of -$0.38 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 3,936,665 shares traded, while the 50-day average volume stands at 3,530,330.
COMM stock has decreased by -24.77% in the last month. The company shares reached their 1-month lowest point of $3.04 on 08/03/23. With the stock rallying to its 52-week high on 01/18/23, shares of the company touched a low of $3.04 and a high of $13.73 in 52 weeks. It has reached a new high 7 times so far this year and lost -54.56% or -$4.00 in price. In spite of this, the price is down -75.67% from the 52-week high.
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Valuation Metrics
CommScope Holding Company Inc. (COMM) stock’s beta is 1.97. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.08, and the price-to-cash flow ratio at 2.26.
Financial Health
The quick ratio of CommScope Holding Company Inc. for the three months ended June 29 was 1.10, and the current ratio was 2.00, indicating that the company is able to meet its debt obligations. CommScope Holding Company Inc.’s EBITDA margin for the year ending June 29 is 13.37%, while its operating margin for the same period stands at -6.70%. Its gross profit as reported stood at $2.8 billion compared to revenue of $9.23 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, CommScope Holding Company Inc.’s return on assets was -10.60%.
Earnings Surprise
For the three-month period that ended June 29, CommScope Holding Company Inc. had $9.38 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$115.7 million in the quarter, while revenues of -$11.7 million were grew 34.57%. The analyst consensus anticipated CommScope Holding Company Inc.’s latest quarter earnings to come in at $0.37 per share, but it turned out to be $0.19, a -48.60% surprise. For the quarter, EBITDA amounted to $211.6 million. Shareholders own equity worth $211.92 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at CommScope Holding Company Inc. (COMM) price momentum. RSI 9-day as of the close on 24 August was 36.20%, suggesting the stock is Neutral, with historical volatility in this time frame at 78.43%.
As of today, COMM’s price is $3.41 -10.19% or -$0.38 from its 5-day moving average. COMM is currently trading -24.55% lower than its 20-day SMA and -45.35% lower than its 100-day SMA. However, the stock’s current price level is -28.27% below the SMA50 and -64.77% below the SMA200.
The stochastic %K and %D were 32.01% and 38.28%, respectively, and the average true range (ATR) was 0.27. With the 14-day stochastic at 28.74% and the average true range at 0.28, the RSI (14) stands at 36.29%. The stock has reached -0.20 on the 9-day MACD Oscillator while the 14-day reading was at -0.21.
Analyst Ratings
Credit Suisse downgraded CommScope Holding Company Inc. (NASDAQ: COMM) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for CommScope Holding Company Inc. (COMM) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell COMM, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
What is COMM’s price target for the next 12 months?
Analysts predict a range of price targets between $3.75 and $10.50, with a median target of $4.75. Taking a look at these predictions, the average price target given by analysts for CommScope Holding Company Inc. (COMM) stock is $5.57.
