CommScope Holding Company Inc (NASDAQ:COMM) shares, rose in value on Wednesday, March 26, with the stock price down by -4.26% to the previous day’s close as strong demand from buyers drove the stock to $5.62.
Actively observing the price movement in the last trading, the stock closed the session at $5.87, falling within a range of $5.58 and $5.936. The value of beta (5-year monthly) was 1.9. Referring to stock’s 52-week performance, its high was $7.19, and the low was $0.86. On the whole, COMM has fluctuated by 14.93% over the past month.
With the market capitalization of CommScope Holding Company Inc currently standing at about $1.22 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-25.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 5B, with a low estimate of 1.1B and a high estimate of 1.11B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.11B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that COMM’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 25% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of COMM currently trading nearly 1.89% and 5.45% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.94, while the 7-day volatility ratio is showing 4.43% which for the 30-day chart, stands at 7.11%. Furthermore, CommScope Holding Company Inc (COMM)’s beta value is 1.97, and its average true range (ATR) is 0.35.
A comparison of CommScope Holding Company Inc (COMM) with its peers suggests the former has fared considerably weaker in the market. COMM showed an intraday change of -4.26% in last session, and over the past year, it grew by 325.76%%.
Data on historical trading for CommScope Holding Company Inc (NASDAQ:COMM) indicates that the trading volumes over the past 10 days have averaged 5.09 and over the past 3 months, they’ve averaged 4.85 million. According to company’s latest data on outstanding shares, there are 215.89 million shares outstanding.
Nearly 4.28% of CommScope Holding Company Inc’s shares belong to company insiders and institutional investors own 85.99% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.07 million shares as on 2025-03-14, resulting in a short ratio of 1.83. According to the data, the short interest in CommScope Holding Company Inc (COMM) stood at 585.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 9.08 million. The stock has risen by 7.87% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the COMM stock heading into the next quarter.
