Technical Outlook And Game Plan For CommScope Holding Company Inc (NASDAQ: COMM)

CommScope Holding Company Inc (COMM) concluded trading on Thursday at a closing price of $1.11, with 6.33 million shares of worth about $7.03 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -30.62% during that period and on May 09, 2024 the price saw a gain of about 5.71%. Currently the company’s common shares owned by public are about 212.11M shares, out of which, 208.23M shares are available for trading.

Stock saw a price change of 5.71% in past 5 days and over the past one month there was a price change of -2.63%. Year-to-date (YTD), COMM shares are showing a performance of -60.64% which decreased to -74.83% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.86 but also hit the highest price of $6.64 during that period. The average intraday trading volume for CommScope Holding Company Inc shares is 3.45 million. The stock is currently trading 12.55% above its 20-day simple moving average (SMA20), while that difference is down -5.25% for SMA50 and it goes to -51.65% lower than SMA200.

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CommScope Holding Company Inc (NASDAQ: COMM) currently have 212.11M outstanding shares and institutions hold larger chunk of about 81.67% of that.

The stock has a current market capitalization of $235.62M and its 3Y-monthly beta is at 1.96. It has posted earnings per share of -$7.14 in the same period. It has Quick Ratio of 1.27. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for COMM, volatility over the week remained 15.61% while standing at 11.75% over the month.

Analysts are in expectations that CommScope Holding Company Inc (COMM) stock would likely to be making an EPS of -$0.23 in the current quarter, while forecast for next quarter EPS is -$0.16 and it is $0.36 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.34 which is -$0.16 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.35 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -125.89% while it is estimated to increase by 399.71% in next year.

Stock get a Neutral rating from BofA Securities on November 10, 2023.

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