CommScope Holding Company Inc (NASDAQ: COMM): Reassessing Prospects

CommScope Holding Company Inc (COMM) concluded trading on Thursday at a closing price of $5.13, with 4.51 million shares of worth about $23.12 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 132.13% during that period and on February 06, 2025 the price saw a gain of about 3.64%. Currently the company’s common shares owned by public are about 215.86M shares, out of which, 208.22M shares are available for trading.

Stock saw a price change of 3.01% in past 5 days and over the past one month there was a price change of -3.93%. Year-to-date (YTD), COMM shares are showing a performance of -1.54% which increased to 145.45% 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 4.48 million. The stock is currently trading -1.19% below its 20-day simple moving average (SMA20), while that difference is down -3.19% for SMA50 and it goes to 34.90% higher than SMA200.

CommScope Holding Company Inc (NASDAQ: COMM) currently have 215.86M outstanding shares and institutions hold larger chunk of about 78.96% of that.

The stock has a current market capitalization of $1.11B and its 3Y-monthly beta is at 1.95. It has posted earnings per share of -$4.39 in the same period. It has Quick Ratio of 1.05. 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 4.72% while standing at 6.22% over the month.

Stock’s fiscal year EPS is expected to drop by -94.29% while it is estimated to increase by 1156.01% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on January 14, 2025 offering a Neutral rating for the stock and assigned a target price of $5 to it. Stock get a Market perform rating from Northland Capital on March 01, 2024.

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