CommScope Holding Company Inc. (NASDAQ:COMM) price is hovering lower on Monday, September 13, dropping -2.63% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $14.81, with intraday deals fluctuating between $14.545 and $14.905. The company’s 5Y monthly beta was ticking 1.81. Taking into account the 52-week price action we note that the stock hit a 52-week high of $22.18 and 52-week low of $8.25. The stock subtracted -4.02% on its value in the past month.
CommScope Holding Company Inc., which has a market valuation of $3.08 billion, is expected to release its quarterly earnings report Nov 03, 2021 – Nov 08, 2021. Analysts tracking COMM have forecast the quarterly EPS to grow by 0.43 per share this quarter, while the same analysts predict the annual EPS to hit $1.65 for the year 2021 and up to $2.2 for 2022. In this case, analysts estimate an annual EPS growth of 5.80% for the year and 33.30% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $2.23 billion, with the likely lows of $2.15 billion and highs of $2.3 billion. Staying with the analyst view, there is a consensus estimate of $8.66 billion for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 2.70% above that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give COMM a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a Hold, while an average of long term indicators are currently assigning the stock as 50% Sell.
The overview shows that COMM’s price is at present -5.64% off the SMA20 and -19.57% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 32.49, with weekly volatility standing at 2.97%. The indicator jumps to 2.93% when calculated based on the past 30 days. CommScope Holding Company Inc. (NASDAQ:COMM)’s beta value is holding at 1.82, while the average true range (ATR) indicator is currently reading 0.59.
Turning out attention to how the CommScope Holding Company Inc. stock has performed in comparison to its peers in the industry, here’s what we find: COMM’s stock is -2.63% on the day and 66.97% in the past 12 months, while Cisco Systems Inc. (CSCO) traded -0.34% in the latest session and is positioned 45.69% up on its price 12 months ago. Elsewhere in the market, the S&P 500 Index has stumbled -0.12% in today’s early trading, with the Dow Jones Industrial also seeing a negative session so far with -0.44%.
An analysis of the CommScope Holding Company Inc. (NASDAQ:COMM) stock in terms of its daily trading volume indicates that the 3-month average is 2.63 million.
Current records show that the company has 204.10M in outstanding shares. The insiders’ percentage holdings are 1.80% of outstanding shares while the percentage share held by institutions stands at 95.20%. But the 10.52% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.