CommScope Holding Company Inc (NASDAQ: COMM) is -9.98% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The COMM stock was last observed hovering at around $4.81 in the last trading session, with the day’s loss setting it -0.12%.
Currently trading at $4.69, the stock is -11.28% and -9.94% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.37 million and changing -2.49% at the moment leaves the stock 28.03% off its SMA200. COMM registered 91.43% gain for a year compared to 6-month gain of 144.27%. The firm has a 50-day simple moving average (SMA 50) of $5.2074 and a 200-day simple moving average (SMA200) of $3.64553.
The stock witnessed a -18.29% loss in the last 1 month and extending the period to 3 months gives it a -26.14%, and is -16.10% 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 7.82% over the week and 7.10% over the month.
CommScope Holding Company Inc (COMM) has around 20000 employees, a market worth around $1.01B and $4.82B in sales. Fwd P/E is 10.22. Profit margin for the company is -19.32%. Distance from 52-week low is 445.35% and -34.77% from its 52-week high. The company has generated returns on investments over the last 12 months (-15.59%).
with sales reaching $1.11B over the same period.The EPS is expected to shrink by -94.29% this year, but quarterly earnings will post -18.02% year-over-year. Quarterly sales are estimated to shrink -6.16% in year-over-year returns.
CommScope Holding Company Inc (COMM) Top Institutional Holders
272.0 institutions hold shares in CommScope Holding Company Inc (COMM), with institutional investors hold 82.01% of the company’s shares. The shares outstanding are 215.86M, and float is at 208.22M with Short Float at 4.52%. Institutions hold 79.59% 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).
