Compass Inc. (NYSE:COMP) shares, rose in value on Thursday, 05/25/23, with the stock price down by -3.76% to the previous day’s close as strong demand from buyers drove the stock to $3.58.
Actively observing the price movement in the last trading, the stock closed the session at $3.72, falling within a range of $3.51 and $3.77. The value of beta (5-year monthly) was 2.70. Referring to stock’s 52-week performance, its high was $6.88, and the low was $1.84. On the whole, COMP has fluctuated by 54.98% over the past month.
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With the market capitalization of Compass Inc. currently standing at about $1.71 billion, investors are eagerly awaiting this quarter’s results, scheduled for Aug 14, 2023 – Aug 18, 2023. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.09, which is expected to increase to -$0.07 for fiscal year -$0.67 and then to about -$0.32 by fiscal year 2024. Data indicates that the EPS growth is expected to be 52.10% in 2024, while the next year’s EPS growth is forecast to be 52.20%.
Analysts have estimated the company’s revenue for the quarter at $1.53 billion, with a low estimate of $1.49 billion and a high estimate of $1.58 billion. According to the average forecast, sales growth in current quarter could jump down -24.20%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $5.07 billion, representing a decrease of -15.70% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that COMP’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
8 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 3 analyst(s), 5 recommend it as a Buy and 0 called the COMP stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Overweight.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of COMP currently trading nearly 11.42% and 15.19% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.60, while the 7-day volatility ratio is showing 6.33% which for the 30-day chart, stands at 8.36%. Furthermore, Compass Inc. (COMP)’s average true range (ATR) is 0.29. The company’s stock has been forecasted to trade at an average price of $4.31 over the course of the next 52 weeks, with a low of $3.50 and a high of $6.00. Based on these price targets, the low is 2.23% off current price, whereas the price has to move -67.6% to reach the yearly target high. Additionally, analysts’ median price of $4.25 is likely to be welcomed by investors because it represents a decrease of -18.72% from the current levels.
Data on historical trading for Compass Inc. (NYSE:COMP) indicates that the trading volumes over the past 10 days have averaged 2.49 million and over the past 3 months, they’ve averaged 2.80 million. According to company’s latest data on outstanding shares, there are 450.06 million shares outstanding.
Nearly 0.50% of Compass Inc.’s shares belong to company insiders and institutional investors own 67.10% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 17.74 million shares as on Apr 27, 2023, resulting in a short ratio of 8.54. According to the data, the short interest in Compass Inc. (COMP) stood at 3.86% of shares outstanding as of Apr 27, 2023; the number of short shares registered in Mar 30, 2023 reached 18.53 million. The stock has risen by 53.65% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the COMP stock heading into the next quarter.