CommScope Holding Company Inc (NASDAQ: COMM) on Monday, plunged -6.66% from the previous trading day, before settling in for the closing price of $6.01. Within the past 52 weeks, COMM’s price has moved between $0.86 and $6.75.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 10.02%. The company achieved an average annual earnings per share of 45.98%. With a float of $207.59 million, this company’s outstanding shares have now reached $212.11 million.
The extent of productivity of a business whose workforce counts for 20000 workers is very important to gauge. 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 Updates
Observing investor behavior towards Communication Equipment industry stocks is more important than anything else. The insider ownership of CommScope Holding Company Inc is 3.83%, while institutional ownership is 78.57%. 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) Performance Highlights and Predictions
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.13 earnings per share (EPS) for the period falling under the consensus outlook (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
CommScope Holding Company Inc (COMM) is currently performing well based on its current performance indicators. A quick ratio of 0.62 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.23. Likewise, its price to free cash flow for the trailing twelve months is 28.23.
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)
The latest stats from [CommScope Holding Company Inc, COMM] show that its last 5-days average volume of 3.28 million was inferior to 4.1 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 35.70%. Additionally, its Average True Range was 0.42.
During the past 100 days, CommScope Holding Company Inc’s (COMM) raw stochastic average was set at 80.00%, which indicates a significant increase from 12.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 49.73% in the past 14 days, which was lower than the 103.07% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.78, while its 200-day Moving Average is $2.40. Now, the first resistance to watch is $5.91. This is followed by the second major resistance level at $6.22. The third major resistance level sits at $6.44. If the price goes on to break the first support level at $5.39, it is likely to go to the next support level at $5.16. Assuming the price breaks the second support level, the third support level stands at $4.86.
CommScope Holding Company Inc (NASDAQ: COMM) Key Stats
Market capitalization of the company is 1.21 billion based on 212,277K outstanding shares. Right now, sales total 5,789 M and income totals -1,451 M. The company made 1,387 M in profit during its latest quarter, and 44,400 K in sales during its previous quarter.
