A share price of CommScope Holding Company Inc [COMM] is currently trading at $6.79, up 0.89%. 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 9.16% over the last week, with a monthly amount glided 13.74%, and seem to be holding up well over a long-time horizon.
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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.
CommScope Holding Company Inc experienced fluctuations in its stock price throughout the past year between $0.86 and $7.06. Currently, Wall Street analysts expect the stock to reach $12.3 within the next 12 months. CommScope Holding Company Inc [NASDAQ: COMM] shares were valued at $6.79 at the most recent close of the market. An investor can expect a potential return of 81.15% based on the average COMM price forecast.
Analyzing the COMM fundamentals
Trailing Twelve Months sales for CommScope Holding Company Inc [NASDAQ:COMM] were 5.34B which represents -27.71% decline. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at -0.09%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.31%. To continue investigating profitability, this company’s Return on Assets is posted at -0.19, Equity is 0.9 and Total Capital is -0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-4.38.
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 6.62 points at the first support level, and at 6.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.01, and for the 2nd resistance point, it is at 7.24.
Ratios To Look Out For
To put it in perspective, the Current Ratio for CommScope Holding Company Inc [NASDAQ:COMM] is 1.04. As well, the Quick Ratio is 0.62, while the Cash Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 0.28.
Transactions by insiders
Recent insider trading involved Lorentzen Kyle David, EVP & CFO, that happened on Mar 27 ’24 when 11600.0 shares were purchased. Director, KRAUSE L WILLIAM completed a deal on Mar 13 ’24 to buy 92127.0 shares. Meanwhile, Director KRAUSE L WILLIAM bought 57300.0 shares on Mar 12 ’24.
