CommScope Holding Company Inc (NASDAQ: COMM) is 57.45% higher on its value in year-to-date trading and has touched a low of $0.86 and a high of $7.19 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The COMM stock was last observed hovering at around $4.47 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $4.44, the stock is -25.35% and -24.07% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.3 million and changing -0.67% at the moment leaves the stock 59.10% off its SMA200. COMM registered 194.04% gain for a year compared to 6-month gain of 276.27%. The firm has a 50-day simple moving average (SMA 50) of $5.8403 and a 200-day simple moving average (SMA200) of $2.78008.
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The stock witnessed a -22.65% loss in the last 1 month and extending the period to 3 months gives it a 12.12%, and is -14.62% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.12% over the week and 8.55% over the month.
CommScope Holding Company Inc (COMM) has around 20000 employees, a market worth around $958.50M and $4.82B in sales. Fwd P/E is 8.44. Profit margin for the company is -19.32%. Distance from 52-week low is 416.28% and -38.25% from its 52-week high. The company has generated returns on investments over the last 12 months (-15.59%).
The EPS is expected to shrink by -80.66% this year
243.0 institutions hold shares in CommScope Holding Company Inc (COMM), with institutional investors hold 83.39% of the company’s shares. The shares outstanding are 212.11M, and float is at 207.55M with Short Float at 3.71%. Institutions hold 80.89% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 24.83 million shares valued at $30.54 million. The investor’s holdings represent 11.6956 of the COMM Shares outstanding. As of 2024-06-30, the second largest holder is FPR PARTNERS LLC with 19.43 million shares valued at $23.89 million to account for 9.1501 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 15.99 million shares representing 7.5332 and valued at over $19.67 million, while WOLF HILL CAPITAL MANAGEMENT, LP holds 2.9405 of the shares totaling 6.24 million with a market value of $7.68 million.
CommScope Holding Company Inc (COMM) Insider Activity
The most recent transaction is an insider purchase by Lorentzen Kyle David, the company’s EVP & CFO. SEC filings show that Lorentzen Kyle David bought 11,600 shares of the company’s common stock on Mar 27 ’24 at a price of $1.25 per share for a total of $14500.0. Following the purchase, the insider now owns 0.71 million shares.
CommScope Holding Company Inc disclosed in a document filed with the SEC on Mar 13 ’24 that KRAUSE L WILLIAM (Director) bought a total of 92,127 shares of the company’s common stock. The trade occurred on Mar 13 ’24 and was made at $1.60 per share for $0.15 million. Following the transaction, the insider now directly holds 0.32 million shares of the COMM stock.
Still, SEC filings show that on Mar 12 ’24, KRAUSE L WILLIAM (Director) acquired 57,300 shares at an average price of $1.59 for $90952.0. The insider now directly holds 227,873 shares of CommScope Holding Company Inc (COMM).
