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.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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.
