As of Friday close, CommScope Holding Company Inc.’s (NASDAQ:COMM) stock was down -$0.01, moving down -0.30 percent to $3.32. The average number of shares traded per day over the past five days has been 2,073,220 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.23 fall in that time frame. In the last twenty days, the average volume was 2,396,895, while in the previous 50 days, it was 3,216,484.
Since last month, COMM stock retreated -5.14%. Shares of the company fell to $3.14 on 09/21/23, the lowest level in the past month. A 52-week high of $13.73 was reached on 01/18/23 after having rallying from a 52-week low of $3.04. Since the beginning of this year, COMM’s stock price has dropped by -54.83% or -$4.03, and marked a new high 7 times. However, the stock has declined by -75.82% since its 52-week high.
COMM stock investors should be aware that CommScope Holding Company Inc. (COMM) stock had its last reported insider trading activity 29 days ago on Aug 25. Watts Claudius E. IV, the Director of the company, purchased of 10,000 shares for $3.34 on Aug 25. It resulted in a $33,432 investment by the insider. Watts Claudius E. IV added 10,000 shares at an average price of $3.43 on Aug 22. The insider now owns 706,030 shares following the transaction. On Aug 17, Director Watts Claudius E. IV bought 10,000 shares at $3.70 apiece. The transaction was valued at $36,987.
Financial Health
In the three months ended June 29, CommScope Holding Company Inc.’s quick ratio stood at 1.10, while its current ratio was 2.00, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 32.40% percent. In the year ended June 29, EBITDA margin amounted to 13.37%, whereas operating margins totaled -6.70%. Based on annual data, COMM earned $2.8 billion in gross profit and brought in $9.23 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -8.80%. Return on equity (ROE) for the past 12 months was 95.10%.
In CommScope Holding Company Inc.’s quarter-end financial report for June 29, it reported total debt of $9.38 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. COMM’s revenue fell -19.91% to $2.0 billion during the quarter, while net income inched up to $1.92 billion. While analysts expected CommScope Holding Company Inc. to report $0.37 quarterly earnings, the actual figure was $0.19 per share, beating the consensus estimate by -48.60%. During the quarter, the company generated $211.6 million in EBITDA. The liabilities of CommScope Holding Company Inc. were 12.78 billion at the end of its most recent quarter ended June 29, and its total debt was $9.6 billion. The value of shareholders’ equity is $211.92 million.
Technical Picture
This quick technical analysis looks at CommScope Holding Company Inc.’s (COMM) price momentum. With a historical volatility rate of 35.34%, the RSI 9-day stood at 37.46% on 22 September.
With respect to its five-day moving average, the current CommScope Holding Company Inc. price is down by -6.48% percent or -$0.23. At present, COMM shares trade +1.22% above its 20-day simple moving average and -32.52% percent below its 100-day simple moving average. However, the stock is currently trading approximately -49.16% below its SMA50 and -59.16% below its SMA200.
Stochastic coefficient K was 19.96% and Stochastic coefficient D was 20.04%, while ATR was 0.20. Given the Stochastic reading of 25.71% for the 14-day period, the RSI (14) reading has been calculated as 39.54%. As of today, the MACD Oscillator reading stands at -0.15, while the 14-day reading stands at -0.19.
Analyst Ratings
CommScope Holding Company Inc. downgraded its rating on CommScope Holding Company Inc. (NASDAQ: COMM) to a Neutral in a note to investors on July 24, 2023. The analysts firm previously had an Outperform rating on the stock.CommScope Holding Company Inc. (COMM) has been rated Hold by analysts. According to 1 brokerage firm, COMM is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate CommScope Holding Company Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $5.00, the current consensus forecast for the stock is $3.75 – $10.50. Based on these forecasts, analysts predict CommScope Holding Company Inc. (COMM) will achieve an average price target of $5.82.
