CommScope Holding Company Inc (COMM) Stock: Analyzing the Quarterly Movement

In the past week, COMM stock has gone down by -4.92%, with a monthly gain of 13.73% and a quarterly plunge of -59.44%. The volatility ratio for the week is 6.85%, and the volatility levels for the last 30 days are 10.31% for CommScope Holding Company Inc The simple moving average for the last 20 days is -12.72% for COMM stock, with a simple moving average of -59.52% for the last 200 days.

Is It Worth Investing in CommScope Holding Company Inc (NASDAQ: COMM) Right Now?

Additionally, the 36-month beta value for COMM is 1.97. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 4 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”

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The public float for COMM is 204.09M and currently, short sellers hold a 4.62% ratio of that float. The average trading volume of COMM on April 04, 2024 was 3.01M shares.

COMM) stock’s latest price update

The stock of CommScope Holding Company Inc (NASDAQ: COMM) has decreased by -5.69 when compared to last closing price of 1.23. Despite this, the company has experienced a -4.92% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-01 that Macroeconomic uncertainty, lower spending from core customers and inventory adjustments hurt CommScope (COMM) fourth-quarter 2023 earnings.

Analysts’ Opinion of COMM

BofA Securities gave a rating of “Underperform” to COMM, setting the target price at $2 in the report published on January 22nd of the current year.

COMM Trading at -34.93% 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 -82.54% of loss for the given period.

Volatility was left at 10.31%, however, over the last 30 days, the volatility rate increased by 6.85%, as shares surge +11.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -49.46% lower at present.

During the last 5 trading sessions, COMM fell by -4.92%, which changed the moving average for the period of 200-days by -76.52% in comparison to the 20-day moving average, which settled at $1.3350. In addition, CommScope Holding Company Inc saw -58.87% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at COMM starting from Lorentzen Kyle David, who purchase 11,600 shares at the price of $1.25 back on Mar 27 ’24. After this action, Lorentzen Kyle David now owns 712,475 shares of CommScope Holding Company Inc, valued at $14,500 using the latest closing price.

KRAUSE L WILLIAM, the Director of CommScope Holding Company Inc, purchase 92,127 shares at $1.60 during a trade that took place back on Mar 13 ’24, which means that KRAUSE L WILLIAM is holding 320,000 shares at $147,154 based on the most recent closing price.

Stock Fundamentals for COMM

Current profitability levels for the company are sitting at:

  • -0.08 for the present operating margin
  • 0.33 for the gross margin

The net margin for CommScope Holding Company Inc stands at -0.22. The total capital return value is set at -0.07. Equity return is now at value -1838.38, with -12.01 for asset returns.

Based on CommScope Holding Company Inc (COMM), the company’s capital structure generated 1.24 points at debt to capital in total, while cash flow to debt ratio is standing at 0.03. The debt to equity ratio resting at -5.16. The interest coverage ratio of the stock is -0.77.

Currently, EBITDA for the company is 1.07 billion with net debt to EBITDA at 8.81. When we switch over and look at the enterprise to sales, we see a ratio of 1.37. The receivables turnover for the company is 8.23for trailing twelve months and the total asset turnover is 0.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.03.

Conclusion

In conclusion, CommScope Holding Company Inc (COMM) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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