CommScope Holding Company Inc (NASDAQ:COMM) price on current trading day, rose 26.18% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $6.17.
A look at the stock’s price movement, the close in the last trading session was $4.89. Turning to its 52-week performance, $7.19 and $0.86 were the 52-week high and 52-week low respectively. Overall, COMM moved 28.27% over the past month.
CommScope Holding Company Inc’s market cap currently stands at around $1.33 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 1.07B for the company’s revenue for the quarter, with a low and high estimate of 1B and 1.11B respectively. The average forecast suggests down to a -8.63% 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 4.72B, representing a 12.18% 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 COMM is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
4 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 3 analyst(s) rate the stock as a Hold, 1 recommend COMM 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 Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
COMM’s current price about 20.53% and 16.20% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 66.22, while 7-day volatility ratio is 8.66% and 6.00% in the 30-day chart. Further, CommScope Holding Company Inc (COMM) has a beta value of 1.95, and an average true range (ATR) of 0.39. Analysts have given the company’s stock an average 52-week price target of $14, forecast between a low of $1.5 and high of $17. Looking at the price targets, the low is 75.69% off current price level while to achieve the yearly target high, price needs to move -175.53%. Nonetheless, investors will most likely welcome a -126.9% jump to $14 which is the analysts’ median price.
If we refocus on CommScope Holding Company Inc (NASDAQ:COMM), historical trading data shows that trading volumes averaged 3.88 million over the past 3 months. The company’s latest data on shares outstanding shows there are 215.86 million shares.
The 3.55% of CommScope Holding Company Inc’s shares are in the hands of company insiders while institutional holders own 86.19% of the company’s shares. Current price change has pushed the stock 18.43% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the COMM stock continues to rise going into the next quarter.
