Quarterly Snapshot: Quick and Current Ratios for CommScope Holding Company Inc (COMM)

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The closing price of CommScope Holding Company Inc (NASDAQ: COMM) was $1.07 for the day, down -7.76% from the previous closing price of $1.16. In other words, the price has decreased by -$7.76 from its previous closing price. On the day, 3.23 million shares were traded. COMM stock price reached its highest trading level at $1.15 during the session, while it also had its lowest trading level at $1.05.

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 0.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.00. 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:

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 227136400 and an Enterprise Value of 10496436224. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.04. Its current Enterprise Value per Revenue stands at 1.983 whereas that against EBITDA is 11.691.

Stock Price History:

The Beta on a monthly basis for COMM is 2.09, which has changed by -0.8306962 over the last 52 weeks, in comparison to a change of 0.26253593 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 $0.86. The 50-Day Moving Average of the stock is -11.87%, while the 200-Day Moving Average is calculated to be -41.77%.

Shares Statistics:

COMM traded an average of 3.91M shares per day over the past three months and 7099710 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 83.08% stake in the company. Shares short for COMM as of 1718323200 were 12132190 with a Short Ratio of 3.10, compared to 1715731200 on 14057122. Therefore, it implies a Short% of Shares Outstanding of 12132190 and a Short% of Float of 6.9299996.

Earnings Estimates

The market rating of CommScope Holding Company Inc (COMM) is currently shaped by the ongoing analysis conducted by 8.0 analysts closely monitoring its performance.On average, analysts expect EPS of -$0.08 for the current quarter, with a high estimate of -$0.03 and a low estimate of -$0.16, while EPS last year was $0.19. The consensus estimate for the next quarter is -$0.02, with high estimates of $0.06 and low estimates of -$0.08.

Analysts are recommending an EPS of between $0.04 and -$0.36 for the fiscal current year, implying an average EPS of -$0.15. EPS for the following year is $0.43, with 8.0 analysts recommending between $0.87 and -$0.03.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 8 analysts. It ranges from a high estimate of $1.29B to a low estimate of $1.18B. As of the current estimate, CommScope Holding Company Inc’s year-ago sales were $2.03BFor the next quarter, 8 analysts are estimating revenue of $1.27B. There is a high estimate of $1.34B for the next quarter, whereas the lowest estimate is $1.19B.

A total of 9 analysts have provided revenue estimates for COMM’s current fiscal year. The highest revenue estimate was $5.2B, while the lowest revenue estimate was $4.74B, resulting in an average revenue estimate of $4.96B. In the same quarter a year ago, actual revenue was $5.79BBased on 8 analysts’ estimates, the company’s revenue will be $5.44B in the next fiscal year. The high estimate is $6B and the low estimate is $4.92B.

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