CommScope Holding Company Inc (NASDAQ: COMM) kicked off on Monday, down -2.60% from the previous trading day, before settling in for the closing price of $6.16. Over the past 52 weeks, COMM has traded in a range of $0.86-$6.75.
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During the last 5-year period, the sales growth of Technology Sector giant was 10.02%. While this was happening, its average annual earnings per share was recorded 45.98%. With a float of $207.59 million, this company’s outstanding shares have now reached $212.11 million.
Let’s determine the extent of company efficiency that accounts for 20000 employees. In terms of profitability, gross margin is 32.68%, operating margin of -9.45%, and the pretax margin is -24.39%.
CommScope Holding Company Inc (COMM) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Communication Equipment Industry. The insider ownership of CommScope Holding Company Inc is 3.83%, while institutional ownership is 78.53%. The most recent insider transaction that took place on Mar 27 ’24, was worth 14,500. In this transaction EVP & CFO of this company bought 11,600 shares at a rate of $1.25, taking the stock ownership to the 712,475 shares. Before that another transaction happened on Mar 13 ’24, when Company’s Director bought 92,127 for $1.60, making the entire transaction worth $147,154. This insider now owns 320,000 shares in total.
CommScope Holding Company Inc (COMM) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.13 earnings per share (EPS), lower than consensus estimate (set at 0.17) by -0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.3 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 45.98% per share during the next fiscal year.
CommScope Holding Company Inc (NASDAQ: COMM) Trading Performance Indicators
Take a look at CommScope Holding Company Inc’s (COMM) current performance indicators. Last quarter, stock had a quick ratio of 0.62. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.24. Likewise, its price to free cash flow for the trailing twelve months is 30.19.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -8.17, a number that is poised to hit 0.30 in the next quarter and is forecasted to reach 1.10 in one year’s time.
Technical Analysis of CommScope Holding Company Inc (COMM)
Looking closely at CommScope Holding Company Inc (NASDAQ: COMM), its last 5-days average volume was 3.07 million, which is a drop from its year-to-date volume of 4.12 million. As of the previous 9 days, the stock’s Stochastic %D was 39.72%. Additionally, its Average True Range was 0.41.
During the past 100 days, CommScope Holding Company Inc’s (COMM) raw stochastic average was set at 86.84%, which indicates a significant increase from 35.34% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.87% in the past 14 days, which was lower than the 103.79% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.43, while its 200-day Moving Average is $2.32. However, in the short run, CommScope Holding Company Inc’s stock first resistance to watch stands at $6.33. Second resistance stands at $6.66. The third major resistance level sits at $6.89. If the price goes on to break the first support level at $5.77, it is likely to go to the next support level at $5.54. Should the price break the second support level, the third support level stands at $5.21.
CommScope Holding Company Inc (NASDAQ: COMM) Key Stats
The company with the Market Capitalisation of 1.30 billion has total of 212,277K Shares Outstanding. Its annual sales at the moment are 5,789 M in contrast with the sum of -1,451 M annual income. Company’s last quarter sales were recorded 1,387 M and last quarter income was 44,400 K.
