In yesterday’s Wall Street session, COMSovereign Holding Corp. (NASDAQ:COMS) shares traded at $0.06, down -9.04% from the previous session.
1 analysts cover COMSovereign Holding Corp. (NASDAQ:COMS), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $10.00 and a low of $10.00, we find $10.00. Given the previous closing price of $0.07, this indicates a potential upside of 14185.71 percent. COMS stock price is now -18.00% away from the 50-day moving average and -77.78% away from the 200-day moving average. The market capitalization of the company currently stands at $9.76M.
The stock has received a hold rating from 0 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $10.00 as their price target over the next twelve months.
In other news, Davies Brent M, Director bought 6,000 shares of the company’s stock on Dec 01. The stock was bought for $5,920 at an average price of $0.99. Upon completion of the transaction, the Director now directly owns 572,267 shares in the company, valued at $34336.02. A total of 15.16% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in COMS stock. A new stake in COMSovereign Holding Corp. shares was purchased by BUCKINGHAM STRATEGIC PARTNERS during the first quarter worth $116,000. In total, there are 30 active investors with 2.50% ownership of the company’s stock.
On Thursday morning COMSovereign Holding Corp. (NASDAQ: COMS) stock kicked off with the opening price of $0.0692. During the past 12 months, COMSovereign Holding Corp. has had a low of $0.04 and a high of $1.60. As of last week, the company has a debt-to-equity ratio of 0.54, a current ratio of 0.90, and a quick ratio of 0.40. The fifty day moving average price for COMS is $0.0786 and a two-hundred day moving average price translates $0.2898 for the stock.
The latest earnings results from COMSovereign Holding Corp. (NASDAQ: COMS) was released for Dec, 2021. According to the Telecom Services Company, earnings per share came in at -$1.64, missing analysts’ expectations of -$0.75 by -0.89. This compares to -$0.24 EPS in the same period last year. The company reported revenue of $2.83 million for the quarter, compared to $1.91 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 47.75 percent. For the current quarter, analysts expect COMS to generate $6M in revenue.
COMSovereign Holding Corp.(COMS) Company Profile
COMSovereign Holding Corp. provides technologically-advanced telecom solutions for network operators, mobile device carriers, governmental units, and other enterprises worldwide. The company offers packet microwave solutions that transmit broadband voice, video, and data, as well as enable service providers, government agencies, enterprises, and other organizations; and in-band full-duplex technologies that alleviate the performance limitations of the principal transmission technologies. It also provides tethered drones and aerostats for use in intelligence, surveillance, and reconnaissance, as well as communication applications for national defense and security customers; and edge compute capable small cell 4G LTE and 5G access radios. In addition, the company offers maintenance and support services, as well as other professional services, such as engineering, designing, and developing a range of network systems and system components. The company was formerly known as Drone Aviation Holding Corp. and changed its name to COMSovereign Holding Corp. in November 2019. COMSovereign Holding Corp. was incorporated in 2014 and is based in Tucson, Arizona.