CommScope Holding Company Inc (NASDAQ: COMM) is -10.56% 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 $5.30 in the last trading session, with the day’s loss setting it -0.64%.
Currently trading at $4.66, the stock is -14.37% and -12.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.47 million and changing -12.16% at the moment leaves the stock 9.33% off its SMA200. COMM registered 323.64% gain for a year compared to 6-month gain of 14.22%.
The stock witnessed a -9.16% loss in the last 1 month and extending the period to 3 months gives it a -13.06%, and is -24.60% 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 9.45% over the week and 7.29% over the month.
CommScope Holding Company Inc (COMM) has around 20000 employees, a market worth around $1.01B and $4.81B in sales. Fwd P/E is 3.84. Profit margin for the company is -8.34%. Distance from 52-week low is 441.86% and -35.19% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.63%).
with sales reaching $1.11B over the same period.The EPS is expected to grow by 2895.24% this year, but quarterly earnings will post 18.91% year-over-year. Quarterly sales are estimated to shrink -5.21% in year-over-year returns.
CommScope Holding Company Inc (COMM) Top Institutional Holders
The shares outstanding are 215.89M, and float is at 207.31M with Short Float at 4.38%.
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 9.0987 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 2.924 of the shares totaling 6.24 million with a market value of $7.68 million.
CommScope Holding Company Inc (COMM) Insider Activity
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CommScope Holding Company Inc disclosed in a document filed with the SEC on Mar 27 ’24 that Lorentzen Kyle David (EVP & CFO) bought a total of 11,600 shares of the company’s common stock. The trade occurred on Mar 27 ’24 and was made at $1.25 per share for $14500.0. Following the transaction, the insider now directly holds 0.71 million shares of the COMM stock.
Still, SEC filings show that on Mar 13 ’24, KRAUSE L WILLIAM (Director) acquired 92,127 shares at an average price of $1.60 for $0.15 million. The insider now directly holds 320,000 shares of CommScope Holding Company Inc (COMM).
