CommScope Holding Company Inc. (NASDAQ:COMM) went down by -2.83% from its latest closing price compared to the recent 1-year high of $13.73. The company’s stock price has collected -5.91% of loss in the last five trading sessions. Barron’s reported on 04/08/21 that CommScope Is Spinning Off Its Home-Networking Business. The Stock Is Rallying.
Is It Worth Investing in CommScope Holding Company Inc. (NASDAQ :COMM) Right Now?
Plus, the 36-month beta value for COMM is at 1.82. Opinions of the stock are interesting as 4 analysts out of 11 who provided ratings for CommScope Holding Company Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 5 rated it as “hold,” and 2 as “sell.”
The average price from analysts is $11.67, which is $2.66 above the current price. COMM currently public float of 203.16M and currently shorts hold a 5.64% ratio of that float. Today, the average trading volume of COMM was 3.14M shares.
COMM’s Market Performance
COMM stocks went down by -5.91% for the week, with a monthly jump of 19.97% and a quarterly performance of -28.42%, while its annual performance rate touched -7.24%. The volatility ratio for the week stands at 4.18% while the volatility levels for the past 30 days are set at 4.76% for CommScope Holding Company Inc. The simple moving average for the period of the last 20 days is 10.03% for COMM stocks with a simple moving average of -1.55% for the last 200 days.
Analysts’ Opinion of COMM
Many brokerage firms have already submitted their reports for COMM stocks, with BofA Securities repeating the rating for COMM by listing it as a “Buy.” The predicted price for COMM in the upcoming period, according to BofA Securities is $15 based on the research report published on January 12th of the current year 2023.
Credit Suisse, on the other hand, stated in their research note that they expect to see COMM reach a price target of $17, previously predicting the price at $11. The rating they have provided for COMM stocks is “Outperform” according to the report published on October 04th, 2022.
Morgan Stanley gave a rating of “Equal-Weight” to COMM, setting the target price at $11 in the report published on August 05th of the previous year.
COMM Trading at 4.62% from the 50-Day Moving Average
After a stumble in the market that brought COMM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -37.44% of loss for the given period.
Volatility was left at 4.76%, however, over the last 30 days, the volatility rate increased by 4.18%, as shares surge +18.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.39% lower at present.
During the last 5 trading sessions, COMM fell by -5.91%, which changed the moving average for the period of 200-days by +18.16% in comparison to the 20-day moving average, which settled at $7.87. In addition, CommScope Holding Company Inc. saw 16.87% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at COMM starting from Carlson John R., who purchase 11,868 shares at the price of $12.62 back on Sep 02. After this action, Carlson John R. now owns 167,393 shares of CommScope Holding Company Inc., valued at $149,730 using the latest closing price.
Lorentzen Kyle David, the EVP & CFO of CommScope Holding Company Inc., purchase 17,700 shares at $10.69 during a trade that took place back on Aug 31, which means that Lorentzen Kyle David is holding 244,009 shares at $189,209 based on the most recent closing price.
Stock Fundamentals for COMM
Current profitability levels for the company are sitting at:
- +3.41 for the present operating margin
- +24.69 for the gross margin
The net margin for CommScope Holding Company Inc. stands at -5.39. Equity return is now at value 87.40, with -2.50 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.64.