Compass Inc (NYSE:COMP) price on Wednesday, January 15, rose 19.35% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $6.66.
A look at the stock’s price movement, the close in the last trading session was $5.58, moving within a range at $6.0 and $6.845. The beta value (5-Year monthly) was 2.912. Turning to its 52-week performance, $7.69 and $2.89 were the 52-week high and 52-week low respectively. Overall, COMP moved -3.48% over the past month.
Compass Inc’s market cap currently stands at around $3.40 billion, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 1.31B for the company’s revenue for the quarter, with a low and high estimate of 1.28B and 1.37B respectively. The average forecast suggests up to a 19.40% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 5.56B, representing a 13.77% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that COMP is a Hold. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 6 recommend COMP as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
COMP’s current price about 12.00% and 2.99% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 61.39, while 7-day volatility ratio is 6.19% and 4.46% in the 30-day chart. Further, Compass Inc (COMP) has a beta value of 2.93, and an average true range (ATR) of 0.33. Analysts have given the company’s stock an average 52-week price target of $8, forecast between a low of $5 and high of $8. Looking at the price targets, the low is 24.92% off current price level while to achieve the yearly target high, price needs to move -20.12%. Nonetheless, investors will most likely welcome a -20.12% jump to $8 which is the analysts’ median price.
If we refocus on Compass Inc (NYSE:COMP), historical trading data shows that trading volumes averaged 4.56 over the past 10 days and 4.22 million over the past 3 months. The company’s latest data on shares outstanding shows there are 491.82 million shares.
The 16.80% of Compass Inc’s shares are in the hands of company insiders while institutional holders own 55.84% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 16.5 million on 2024-12-31, giving us a short ratio of 4.22. The data shows that as of 2024-12-31 short interest in Compass Inc (COMP) stood at 502.00000000000006 of shares outstanding, with shares short falling to 18.7 million registered in 2024-11-29. Current price change has pushed the stock 13.85% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the COMP stock continues to rise going into the next quarter.
