Market Recap: CommScope Holding Company Inc (COMM)’s Negative Momentum, Closing at 4.15

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The closing price of CommScope Holding Company Inc (NASDAQ: COMM) was $4.15 for the day, down -6.53% from the previous closing price of $4.44. In other words, the price has decreased by -$6.53 from its previous closing price. On the day, 3.62 million shares were traded. COMM stock price reached its highest trading level at $4.48 during the session, while it also had its lowest trading level at $4.14.

Ratios:

Our analysis of COMM’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.14 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.69. For the most recent quarter (mrq), Quick Ratio is recorded 1.05 and its Current Ratio is at 1.40.

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

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 900919360 and an Enterprise Value of 11145397248. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.17. Its current Enterprise Value per Revenue stands at 2.15 whereas that against EBITDA is 12.05.

Stock Price History:

Over the past 52 weeks, COMM has reached a high of $7.19, while it has fallen to a 52-week low of $0.86. The 50-Day Moving Average of the stock is -29.05%, while the 200-Day Moving Average is calculated to be 48.23%.

Shares Statistics:

COMM traded an average of 4.58M shares per day over the past three months and 6702540 shares per day over the past ten days. A total of 212.11M shares are outstanding, with a floating share count of 207.95M. Insiders hold about 3.86% of the company’s shares, while institutions hold 79.76% stake in the company. Shares short for COMM as of 1730332800 were 7698937 with a Short Ratio of 1.68, compared to 1727654400 on 6818295. Therefore, it implies a Short% of Shares Outstanding of 7698937 and a Short% of Float of 4.31.

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