Market Watch Highlights: CommScope Holding Company Inc (COMM) Ends on an Downturn Note at 1.52

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As of close of business last night, CommScope Holding Company Inc’s stock clocked out at $1.52, down -4.40% from its previous closing price of $1.59. In other words, the price has decreased by -$4.40 from its previous closing price. On the day, 3.75 million shares were traded. COMM stock price reached its highest trading level at $1.63 during the session, while it also had its lowest trading level at $1.48.

Ratios:

To gain a deeper understanding of COMM’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.85. 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:

Investing in insider trades can also provide an investor with insight into how management views future 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 322661024 and an Enterprise Value of 10591960064. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.05. Its current Enterprise Value per Revenue stands at 2.001 whereas that against EBITDA is 11.798.

Stock Price History:

The Beta on a monthly basis for COMM is 2.12, which has changed by -0.69721115 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, COMM has reached a high of $5.46, while it has fallen to a 52-week low of $0.86. The 50-Day Moving Average of the stock is 19.88%, while the 200-Day Moving Average is calculated to be -14.06%.

Shares Statistics:

It appears that COMM traded 4.09M shares on average per day over the past three months and 2971360 shares per day over the past ten 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 83.09% stake in the company. Shares short for COMM as of 1719532800 were 12725866 with a Short Ratio of 3.11, compared to 1717113600 on 13849868. Therefore, it implies a Short% of Shares Outstanding of 12725866 and a Short% of Float of 7.2700000000000005.

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