CommScope Holding Company Inc (NASDAQ: COMM) on Tuesday, plunged -1.37% from the previous trading day, before settling in for the closing price of $4.74. Within the past 52 weeks, COMM’s price has moved between $0.86 and $7.19.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 10.02%. The company achieved an average annual earnings per share of -80.66%. With a float of $207.55 million, this company’s outstanding shares have now reached $212.11 million.
Considering the fact that the conglomerate employs 20000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 33.88%, operating margin of 8.78%, and the pretax margin is -7.98%.
CommScope Holding Company Inc (COMM) Insider Activity
Observing investor behavior towards Communication Equipment industry stocks is more important than anything else. The insider ownership of CommScope Holding Company Inc is 3.86%, while institutional ownership is 79.29%. 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
According to the Wall Street analysts, stocks earnings will be around -80.66% 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 1.05 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 0.21. Likewise, its price to free cash flow for the trailing twelve months is 35.83.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -4.39, a number that is poised to hit 0.06 in the next quarter and is forecasted to reach 0.53 in one year’s time.
Technical Analysis of CommScope Holding Company Inc (COMM)
Compared to the last year’s volume of 4.18 million, its volume of 9.25 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 9.64%. Additionally, its Average True Range was 0.54.
During the past 100 days, CommScope Holding Company Inc’s (COMM) raw stochastic average was set at 59.12%, which indicates a significant increase from 10.20% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 136.27% in the past 14 days, which was higher than the 107.66% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.83, while its 200-day Moving Average is $2.77. Nevertheless, the first resistance level for the watch stands at $4.84 in the near term. At $4.99, the stock is likely to face the second major resistance level. The third major resistance level sits at $5.20. If the price goes on to break the first support level at $4.48, it is likely to go to the next support level at $4.27. Should the price break the second support level, the third support level stands at $4.12.
CommScope Holding Company Inc (NASDAQ: COMM) Key Stats
Market capitalization of the company is 1.01 billion based on 215,879K outstanding shares. Right now, sales total 5,789 M and income totals -1,451 M. The company made 1,082 M in profit during its latest quarter, and -33,000 K in sales during its previous quarter.
