CommScope Holding Company Inc (NASDAQ:COMM) price on current trading day, rose 5.33% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $5.53.
A look at the stock’s price movement, the close in the last trading session was $5.25, moving within a range at $5.26 and $5.55. The beta value (5-Year monthly) was 1.9. Turning to its 52-week performance, $7.19 and $0.86 were the 52-week high and 52-week low respectively. Overall, COMM moved 8.01% over the past month.
CommScope Holding Company Inc’s market cap currently stands at around $1.20 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-25.
Analysts have a consensus estimate of 1.11B for the company’s revenue for the quarter, with a low and high estimate of 1.1B and 1.11B respectively. The average forecast suggests down to a -5.21% 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 5B, representing a 18.91% 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 100% Buy. On the other hand, the stock is on average a Hold 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 2.19% and 4.88% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.99, while 7-day volatility ratio is 5.29% and 7.86% in the 30-day chart. Further, CommScope Holding Company Inc (COMM) has a beta value of 2.00, and an average true range (ATR) of 0.39. Analysts have given the company’s stock an average 52-week price target of $7, forecast between a low of $7 and high of $7. Looking at the price targets, the low is -26.58% off current price level while to achieve the yearly target high, price needs to move -26.58%. Nonetheless, investors will most likely welcome a -26.58% jump to $7 which is the analysts’ median price.
If we refocus on CommScope Holding Company Inc (NASDAQ:COMM), historical trading data shows that trading volumes averaged 5.35 over the past 10 days and 4.69 million over the past 3 months. The company’s latest data on shares outstanding shows there are 215.89 million shares.
The 4.26% of CommScope Holding Company Inc’s shares are in the hands of company insiders while institutional holders own 85.99% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 10.53 million on 2025-02-28, giving us a short ratio of 2.2. The data shows that as of 2025-02-28 short interest in CommScope Holding Company Inc (COMM) stood at 587.0 of shares outstanding, with shares short rising to 9.23 million registered in 2025-01-31. Current price change has pushed the stock 6.14% 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.
