The stock price of CommScope Holding Company Inc (NASDAQ: COMM) has surged by 1.29 when compared to previous closing price of 6.21, but the company has seen a 10.16% gain in its stock price over the last five trading sessions. zacks.com reported 2024-09-19 that CommScope inks a licensing agreement with AFL to scale up manufacturing of Prodigy connectors and support fiber network deployment worldwide.
Is It Worth Investing in CommScope Holding Company Inc (NASDAQ: COMM) Right Now?
The stock has a 36-month beta value of 2.07. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 4 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for COMM is 207.56M, and at present, short sellers hold a 3.30% of that float. On September 24, 2024, the average trading volume of COMM was 5.89M shares.
COMM’s Market Performance
COMM’s stock has seen a 10.16% increase for the week, with a 55.69% rise in the past month and a 433.05% gain in the past quarter. The volatility ratio for the week is 5.62%, and the volatility levels for the past 30 days are at 7.12% for CommScope Holding Company Inc The simple moving average for the past 20 days is 31.52% for COMM’s stock, with a 199.60% simple moving average for the past 200 days.
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 82.63% 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 -1.87% of loss for the given period.
Volatility was left at 7.12%, however, over the last 30 days, the volatility rate increased by 5.62%, as shares surge +43.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +311.11% upper at present.
During the last 5 trading sessions, COMM rose by +10.16%, which changed the moving average for the period of 200-days by +261.49% in comparison to the 20-day moving average, which settled at $4.88. In addition, CommScope Holding Company Inc saw 123.05% 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 -0.75.
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 1.96. 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
To sum up, CommScope Holding Company Inc (COMM) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
