Gaining Ground: CommScope Holding Company Inc (COMM) Closes Lower at 2.02, Down -12.01

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The price of CommScope Holding Company Inc (NASDAQ: COMM) closed at $2.02 in the last session, down -12.01% from day before closing price of $2.29. In other words, the price has decreased by -$12.01 from its previous closing price. On the day, 6.71 million shares were traded. COMM stock price reached its highest trading level at $2.13 during the session, while it also had its lowest trading level at $1.93.

Ratios:

We take a closer look at COMM’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.77. For the most recent quarter (mrq), Quick Ratio is recorded 1.30 and its Current Ratio is at 2.30.

BofA Securities Downgraded its Neutral to Underperform on January 22, 2024, while the target price for the stock was maintained at $2.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 427738176 and an Enterprise Value of 10697037824. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.07. Its current Enterprise Value per Revenue stands at 2.021 whereas that against EBITDA is 11.915.

Stock Price History:

Over the past 52 weeks, COMM has reached a high of $3.97, while it has fallen to a 52-week low of $0.86. The 50-Day Moving Average of the stock is 33.28%, while the 200-Day Moving Average is calculated to be 17.95%.

Shares Statistics:

According to the various share statistics, COMM traded on average about 5.01M shares per day over the past 3-months and 6266320 shares per day over the past 10 days. A total of 212.11M shares are outstanding, with a floating share count of 203.45M. Insiders hold about 4.16% of the company’s shares, while institutions hold 82.41% stake in the company. Shares short for COMM as of 1721001600 were 11272117 with a Short Ratio of 2.25, compared to 1718323200 on 12132190. Therefore, it implies a Short% of Shares Outstanding of 11272117 and a Short% of Float of 6.4399999999999995.

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