Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
CommScope Holding Company Inc (NASDAQ: COMM) closed the day trading at $0.92 down -2.85% from the previous closing price of $0.95. In other words, the price has decreased by -$2.85 from its previous closing price. On the day, 3.66 million shares were traded. COMM stock price reached its highest trading level at $0.9963 during the session, while it also had its lowest trading level at $0.911.
Ratios:
For a better understanding of COMM, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 0.83. For the most recent quarter (mrq), Quick Ratio is recorded 1.27 and its Current Ratio is at 2.03.
BofA Securities Downgraded its Neutral to Underperform on January 22, 2024, while the target price for the stock was maintained at $2.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 27 ’24 when Lorentzen Kyle David bought 11,600 shares for $1.25 per share. The transaction valued at 14,500 led to the insider holds 712,475 shares of the business.
KRAUSE L WILLIAM bought 92,127 shares of COMM for $147,154 on Mar 13 ’24. The Director now owns 320,000 shares after completing the transaction at $1.60 per share. On Mar 12 ’24, another insider, KRAUSE L WILLIAM, who serves as the Director of the company, bought 57,300 shares for $1.59 each. As a result, the insider paid 90,952 and bolstered with 227,873 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, COMM now has a Market Capitalization of 196953328 and an Enterprise Value of 10277204992. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.03. Its current Enterprise Value per Revenue stands at 1.775 whereas that against EBITDA is 9.52.
Stock Price History:
The Beta on a monthly basis for COMM is 2.02, which has changed by -0.7993478 over the last 52 weeks, in comparison to a change of 0.2006725 over the same period for the S&P500. Over the past 52 weeks, COMM has reached a high of $6.64, while it has fallen to a 52-week low of $0.89. The 50-Day Moving Average of the stock is -37.81%, while the 200-Day Moving Average is calculated to be -64.79%.
Shares Statistics:
Over the past 3-months, COMM traded about 3.00M shares per day on average, while over the past 10 days, COMM traded about 2414370 shares per day. A total of 212.11M shares are outstanding, with a floating share count of 208.27M. Insiders hold about 1.89% of the company’s shares, while institutions hold 81.93% stake in the company. Shares short for COMM as of 1711584000 were 8164255 with a Short Ratio of 2.72, compared to 1709164800 on 10452933. Therefore, it implies a Short% of Shares Outstanding of 8164255 and a Short% of Float of 4.67.
