In the past week, COMM stock has gone up by 31.64%, with a monthly gain of 115.14% and a quarterly surge of 219.07%. The volatility ratio for the week is 10.32%, and the volatility levels for the last 30 days are 13.48% for CommScope Holding Company Inc The simple moving average for the past 20 days is 56.89% for COMM’s stock, with a 118.12% simple moving average for the past 200 days.
Is It Worth Investing in CommScope Holding Company Inc (NASDAQ: COMM) Right Now?
The 36-month beta value for COMM is also noteworthy at 2.03. 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 203.45M, and at present, short sellers hold a 4.74% of that float. The average trading volume of COMM on August 16, 2024 was 5.46M shares.
COMM) stock’s latest price update
CommScope Holding Company Inc (NASDAQ: COMM) has seen a rise in its stock price by 3.72 in relation to its previous close of 3.63. However, the company has experienced a 31.64% gain in its stock price over the last five trading sessions. zacks.com reported 2024-08-16 that After reaching an important support level, CommScope Holding Company, Inc. (COMM) could be a good stock pick from a technical perspective. COMM recently experienced a “golden cross” event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.
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 112.27% 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 -4.32% of loss for the given period.
Volatility was left at 13.48%, however, over the last 30 days, the volatility rate increased by 10.32%, as shares surge +128.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +123.26% upper at present.
During the last 5 trading sessions, COMM rose by +34.27%, which changed the moving average for the period of 200-days by +159.46% in comparison to the 20-day moving average, which settled at $2.51. In addition, CommScope Holding Company Inc saw 33.51% in overturn over a single year, with a tendency to cut further gains.
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:
- -0.09 for the present operating margin
- 0.33 for the gross margin
The net margin for CommScope Holding Company Inc stands at -0.31. The total capital return value is set at -0.08. Equity return is now at value -1838.38, with -13.56 for asset returns.
Based on CommScope Holding Company Inc (COMM), the company’s capital structure generated 1.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.01. The debt to equity ratio resting at -4.38. The interest coverage ratio of the stock is -1.47.
Currently, EBITDA for the company is 1.07 billion with net debt to EBITDA at 10.3. When we switch over and look at the enterprise to sales, we see a ratio of 1.85. The receivables turnover for the company is 5.34for trailing twelve months and the total asset turnover is 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.04.
Conclusion
In summary, CommScope Holding Company Inc (COMM) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
