At the time of writing, CommScope Holding Company Inc [COMM] stock is trading at $1.51, up 3.42%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The COMM shares have gain 20.80% over the last week, with a monthly amount drifted -28.61%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 7, March 2024, CommScope To Increase U.S. Based Manufacturing Capabilities for Fiber Connectivity Products. In a post published today on Yahoo Finance, Production will create enough capacity to support demand due to BEAD funded projects, beginning summer of 2024.
From an analyst’s perspective:
CommScope Holding Company Inc [NASDAQ: COMM] stock has seen the most recent analyst activity on March 04, 2024, when JP Morgan downgraded its rating to a Underweight. Previously, Northland Capital downgraded its rating to Market Perform on March 01, 2024. On January 22, 2024, downgrade downgraded it’s rating to Underperform but maintained its price target of $2 on the stock. Raymond James upgraded its rating to a Mkt Perform. BofA Securities downgraded its rating to a Neutral and reduced its price target to $1.75 on November 10, 2023. Credit Suisse downgraded its rating to Neutral for this stock on July 24, 2023, and downed its price target to $5.10. In a note dated July 18, 2023, Deutsche Bank downgraded an Hold rating on this stock and revised its target price from $8 to $6.
For the past year, the stock price of CommScope Holding Company Inc fluctuated between $0.89 and $6.64. Currently, Wall Street analysts expect the stock to reach $13.8 within the next 12 months. CommScope Holding Company Inc [NASDAQ: COMM] shares were valued at $1.51 at the most recent close of the market. An investor can expect a potential return of 813.91% based on the average COMM price forecast.
Analyzing the COMM fundamentals
According to CommScope Holding Company Inc [NASDAQ:COMM], the company’s sales were 6.71B for trailing twelve months, which represents an -48.84% plunge. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at -0.08%, Pretax Profit Margin comes in at -0.19%, and Net Profit Margin reading is -0.22%. To continue investigating profitability, this company’s Return on Assets is posted at -0.15, Equity is 1.43 and Total Capital is -0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-5.16.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.4267 points at the first support level, and at 1.3433 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.6467, and for the 2nd resistance point, it is at 1.7833.
CommScope Holding Company Inc [COMM] reported earnings per share of -$0.02 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.05/share, meaning a difference of -$0.07 and a surprise factor of -140.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.13 per share as compared to estimates of $0.17 per share, a difference of -$0.04 representing a surprise of -23.50%.
Ratios To Look Out For
It is important to note that CommScope Holding Company Inc [NASDAQ:COMM] has a current ratio of 2.03. As well, the Quick Ratio is 1.27, while the Cash Ratio is 0.39. Considering the valuation of this stock, the price to sales ratio is 0.05.
Transactions by insiders
Recent insider trading involved KRAUSE L WILLIAM, Director, that happened on Mar 13 ’24 when 92127.0 shares were purchased. Director, KRAUSE L WILLIAM completed a deal on Mar 12 ’24 to buy 57300.0 shares. Meanwhile, Director Watts Claudius E. IV bought 15000.0 shares on Mar 05 ’24.
