The stock of CommScope Holding Company Inc. (NASDAQ:COMM) increased by $0.11 on Tuesday to finish at $3.37, up 3.37 percent. The last five days have seen an average of 2,294,340 shares of common stock traded. 7 times new highs were reached in the current year, with a fall of -$3.98. The average number of shares traded over the last 20 days was 4,010,945, while the average volume over the last 50 days totaled 3,377,022.
COMM stock dropped -25.11% since last month. On 08/03/23, the company’s shares reached a one-month low of $3.04. The stock touched a high of $13.73 on 01/18/23, after rallying from a low of $3.04 in 52 weeks. The price of COMM stock has declined by -54.15% or -$3.98 this year, reaching a new high 7 times. Still, the stock price is down -75.46% from the 52-week high.
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Insider Transactions
COMM stock investors should be aware that CommScope Holding Company Inc. (COMM) stock had its last reported insider trading activity 5 days ago on Aug 25. On Aug 25, Director Watts Claudius E. IV acquired 10,000 shares at $3.34 each. This transaction resulted in the insider spending $33,432. On Aug 22, Watts Claudius E. IV added 10,000 shares at a price of US$3.43. After the transaction, the insider now owns 706,030 shares. Director Watts Claudius E. IV had earlier bought 10,000 shares on Aug 17 for $3.70 a share. The transaction was completed for $36,987.
Valuation Metrics
Beta for the stock is 1.97. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.08, and the price-to-cash flow ratio of 2.27.
Financial Health
For the three months ended June 29, CommScope Holding Company Inc.’s quick ratio was 1.10, while its current ratio was 2.00, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 32.40% percent. CommScope Holding Company Inc.’s EBITDA margin for the year ended June 29 was 13.37%, whereas its operating margin stood at -6.70% for the same period. Based on annual data, it had gross profit of $2.8 billion and revenue of $9.23 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. COMM’s return on assets (ROA) during the last 12 months has been -10.60%. There was a -8.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 95.10%.
Earnings Surprise
According to CommScope Holding Company Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.92 billion, while revenues fell by -19.91% to $2.0 billion. It was predicted that CommScope Holding Company Inc.’s quarterly earnings would be $0.19, but it ended up being $0.37, beating the consensus by -48.60%. EBITDA was $211.6 million for the quarter. At the end of CommScope Holding Company Inc.’s most recent quarter ended June 29, its liabilities totaled 12.78 billion, while its total debt was $9.6 billion. Equity owned by shareholders amounts to $211.92 million.
Technical Picture
Here’s a quick look at CommScope Holding Company Inc.’s (COMM) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 39.32%, suggesting the stock is Neutral, with a 74.44% historical volatility rate.
The stochastic %K and %D were 20.97% and 24.28% respectively, while the average true range (ATR) was 0.26. Based on the 14-day stochastic reading of 24.05%, the RSI (14) reading is 38.11%. On the 9-day MACD Oscillator, the stock is at -0.13, and the 14-day reading is at -0.24.
Analyst Ratings
CommScope Holding Company Inc. (NASDAQ: COMM) was downgraded by Credit Suisse to a a Neutral rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned CommScope Holding Company Inc. (COMM) an Hold rating. COMM is a stock that is recommended for selling by 1 brokerage firm, while 8 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is COMM’s price target for the next 12 months?
The current consensus forecast for the stock is between $3.75 and $10.50, with a median target price of $4.75. In analyzing these forecasts, the average price target given by analysts for CommScope Holding Company Inc. (COMM) is $5.57.
