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CommScope Holding Company Inc.’s (NASDAQ:COMM) Analysis Might Be Just What You’re Looking For

CommScope Holding Company Inc. (NASDAQ:COMM) traded at $11.72 at close of the session on Wednesday, September 21, made an upward move of 2.76% on its previous day’s price.

Looking at the stock we see that its previous close was $11.40 and the beta (5Y monthly) reads 1.68 with the day’s price range being $11.27 – $11.755. In terms of its 52-week price range, COMM has a high of $14.12 and a low of $5.56. The company’s stock has gained about 6.15% over that past 30 days.

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CommScope Holding Company Inc. has a market cap of $2.34 billion and is expected to release its quarterly earnings report on Feb 15, 2022 – Feb 21, 2022. Estimates by analysts give the company expected earnings per share (EPS) of $0.29, with the EPS growth for the year raised at $1.53 for 2022 and $2.23 for next year. These figures represent 10.10% and 45.80% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $2.26 billion, with a low of $2.21 billion and a high of $2.29 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $9.06 billion, or 5.60% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the COMM stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 50% Buy.

Based on estimates by 13 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 7 have rated the CommScope Holding Company Inc. (COMM) stock as a Hold, while 3 rate it as a Buy. 0 analyst(s) rate it as overweight while 1 of them rated it as underweight, whereas 2 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 1.20% off its SMA20 and 18.10% from its 50-day simple moving average. The RSI (14) is pointing at 55.30 while the volatility over the past week is 5.01% and jumps to 5.04% over the past one month. The beta value is 1.74, while the average true range (ATR) is currently pointing at 0.58. The average price target for the stock over the next 12 months is $10.45, with the estimates having a low of $7.00 and a high of $15.00. These price ends are 40.27% and -27.99% off the current price level respectively, although investors could be excited at the prospect of a 14.68% if the COMM share price touches on the median price of $10.00.

Let’s briefly compare CommScope Holding Company Inc. (COMM) stock to its peers. We find that current price change of 2.76% and -17.75% over the past 12 months for COMM competes that of Cisco Systems Inc. (CSCO), which has seen its stock price rise 0.13% in the last trading session and was -23.81% over the last one year. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 0.46% and 0.45%, respectively, at close of the trading.

Coming back to CommScope Holding Company Inc. (NASDAQ:COMM), we note that the average 3-month trading volume was 3.55 million, while that of the preceding 10-day period stands at 2.71 million. Current shares outstanding are 207.60 million.

The insiders hold 2.80% of the company’s shares while institutions hold 93.70%. The data shows that short shares as of Jul 14, 2022, stood at 14.94 million at a short ratio of 3.35. This represents a 7.21% short interest in shares outstanding on Jul 14, 2022. Shares short rose in July from the previous month at 14.51 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 3.26% up in year-to-date price movement.

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