CommScope Holding Company Inc (NASDAQ: COMM) Not A Good Play Anymore?

CommScope Holding Company Inc (COMM) concluded trading on Thursday at a closing price of $5.20, with 20.97 million shares of worth about $109.02 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 368.47% during that period and on November 07, 2024 the price saw a loss of about -25.18%. Currently the company’s common shares owned by public are about 212.11M shares, out of which, 207.59M shares are available for trading.

Stock saw a price change of -22.73% in past 5 days and over the past one month there was a price change of -16.80%. Year-to-date (YTD), COMM shares are showing a performance of 84.40% which increased to 225.00% 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 $7.19 during that period. The average intraday trading volume for CommScope Holding Company Inc shares is 4.46 million. The stock is currently trading -16.64% below its 20-day simple moving average (SMA20), while that difference is down -10.12% for SMA50 and it goes to 90.05% higher 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 79.46% of that.

The stock has a current market capitalization of $1.12B and its 3Y-monthly beta is at 2.07. It has posted earnings per share of -$8.17 in the same period. It has Quick Ratio of 0.62. 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 11.56% while standing at 8.18% over the month.

Stock’s fiscal year EPS is expected to drop by -27.54% while it is estimated to increase by 63.07% in next year.

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

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