The trading price of COMSovereign Holding Corp. (NASDAQ:COMS) closed lower on Friday, Feb 19, closing at $4.83, -2.69% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $4.6700 and $5.0500. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 2.05. In examining the 52-week price action we see that the stock hit a 52-week high of $11.07 and a 52-week low of $1.83. Over the past month, the stock has suffered -21.67% in value.
Analysts have forecast the company to bring in revenue of $1.73 Million for the quarter, with the likely lows of $1.8 Million and highs of $1.8 Million. The average estimate suggests sales will likely up by 1885.1% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $2.72 Million. The company’s revenue is forecast to grow by +384.5% over what it did in 2020.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned COMS a recommendation rating is 1. Out of them, 1 rate it a Hold, while none recommend Buy, whereas none assign an Outperform rating. None analyst(s) have tagged COMSovereign Holding Corp. (COMS) as Underperform, while not any of them advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
To see how COMSovereign Holding Corp. stock has been performing in comparison to its peers in the industry, here are the numbers: COMS stock’s performance was -2.69% in the latest trading, and +25.33% in the past year, while Avaya Holdings Corp (AVYA) has traded +5.78% on the day and positioned +118.9% higher than it was a year ago. Another comparable company Ribbon Communications Inc (RBBN) saw its stock close -5.12% lower in the most recent trading session but was up +198.14% in a year. Furthermore, A10 Networks Inc (ATEN) showed a decline of -2.69% on the day while its price kept rising at 25.33% over the past year. COMSovereign Holding Corp. has a P/E ratio of 0, compared to Avaya Holdings Corp’s 0 and Ribbon Communications Inc’s 18.63. Also in last trading session, the S&P 500 Index has soared -0.19%, while the Dow Jones Industrial also saw a negative seesion, down 0% on the day.
An evaluation of the daily trading volume of COMSovereign Holding Corp. (NASDAQ:COMS) indicates that the 3-month average is 1.4 Million. However, this figure has increased over the past 10 days to an average of 4.19 Million.