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Tuesday, December 5, 2023

Are Things Looking Up For CommScope Holding Company Inc (NASDAQ: COMM)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for CommScope Holding Company Inc (COMM) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.03, or 1.57%, to $1.94. The CommScope Holding Company Inc has recorded 165,658 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted CommScope Reports Third Quarter 2023 Results.

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Stocks Info

The company is listed on the NASDAQ and operates within the Communication Equipment industry segment. At the end of the last regular session, the stock closed at $1.91 and fluctuated between $1.9600 as its day high and $1.8300 as its day low. The current market capitalization of CommScope Holding Company Inc is $405.03M. A total of 3.22 million shares were traded on the day, compared to an average of 3.23M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, COMM has seen 2 BUY and 1 SELL insider trades, representing the acquisition of 20,000 and the disposition of 65,584 shares. Over the last 12 months, there were 38 BUYs and 23 SELLs from insiders. Insiders purchased 2,645,319 shares during that period but sold 245,511.

In the most recent transaction, Watts Claudius E. IV bought 20,000 shares of COMM for 1.63 per share on Nov 16. After the transaction, the Director now owns 796,030 company shares. In a previous transaction on Nov 15, Treadway Charles L. bought 153,019 shares at 1.63 per share. COMM shares that President and CEO owns now total 2,213,206.

Among the insiders who bought shares, Watts Claudius E. IV acquired of 60,000 shares on Nov 13 at a per-share price of $1.39. This resulted in the Director holding 776,030 shares of COMM after the transaction. In another insider transaction, Watts Claudius E. IV bought 10,000 shares at $3.34 per share on Aug 25. Company shares held by the Director now total 716,030.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for COMM in the last 3 months, the mean price target is $2.15 with high estimates of $3.00 and low estimates of $1.75. In terms of 52-week highs and lows, COMM has a high of $9.34 and a low of $1.34.

As of this writing, COMM has an earnings estimate of $0.06 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.11 per share and a lower estimate of $0.02. The company reported an EPS of $0.19 in the last quarter, which was -48.60% lower than expectations of $0.37.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. COMM’s latest balance sheet shows that the firm has $360.30M in Cash & Short Term Investments as of fiscal 2021. There were $9.51B in debt and $2.18B in liabilities at the time. Its Book Value Per Share was -$11.75, while its Total Shareholder’s Equity was $899.50M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for COMM is Buy with a score of 3.50.

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