CommScope Holding Company Inc (NASDAQ:COMM) shares traded 0.97% higher at $2.09 on Wall Street last session.
In accordance with the data, 9 analysts cover CommScope Holding Company Inc (NASDAQ:COMM). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $3.00 and a low of $2.00, we find $2.00. Given the previous closing price of $2.07, this indicates a potential downside of -3.38 percent. COMM stock price is now 1.79% away from the 50-day moving average and -49.22% away from the 200-day moving average. The market capitalization of the company currently stands at $443.21M.
It has been rated a hold by 8 analysts and a buy by 1. Brokers who have rated the stock have averaged $2.22 as their price target over the next twelve months.
In other news, ter Linde Koen, SVP & President, CCS bought 13,513 shares of the company’s stock on Dec 07. The stock was bought for $24,857 at an average price of $1.84. Upon completion of the transaction, the SVP & President, CCS now directly owns 236,300 shares in the company, valued at $0.49 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 30, Director Watts Claudius E. IV bought 25,000 shares of the business’s stock. A total of $41,630 was incurred on buying the stock at an average price of $1.67. This leaves the insider owning 841,030 shares of the company worth $1.76 million. Insiders disposed of 235,188 shares of company stock worth roughly $0.49 million over the past 1 year. A total of 3.49% of the company’s stock is owned by insiders.
During the past 12 months, CommScope Holding Company Inc has had a low of $1.34 and a high of $9.34. The fifty day moving average price for COMM is $2.0533 and a two-hundred day moving average price translates $4.1157 for the stock.
The latest earnings results from CommScope Holding Company Inc (NASDAQ: COMM) was released for Sep, 2023. According to the Communication Equipment Company, earnings per share came in at $0.13, missing analysts’ expectations of $0.17 by -0.04. This compares to $0.11 EPS in the same period last year. The net profit margin was -26.74% and return on equity was -1838.38% for COMM. The company reported revenue of $1.6 billion for the quarter, compared to $2.38 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -32.83 percent. For the current quarter, analysts expect COMM to generate $1.51B in revenue.
