A History of Outperforming Analyst Forecasts and Beating the Odds: COMSovereign Holding Corp. (COMS)

COMSovereign Holding Corp. (NASDAQ: COMS) stock jumped 10.53% on Friday to $0.15 against a previous-day closing price of $0.13. With 6.7 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.54 million shares. During the session, the Telecom Services company that operates in wider Communication Services sector, reached to the highest price of $0.1520 whereas the lowest price it dropped to was $0.1314. The 52-week range on COMS shows that it touched its highest point at $2.24 and its lowest point at $0.11 during that stretch. It currently has a 1-year price target of $2.10. Beta for the stock currently stands at 1.97.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of COMS was up-trending over the past week, with a rise of 2.53%, but this was down by -7.95% over a month. Three-month performance dropped to -61.34% while six-month performance fell -72.21%. The stock lost -92.03% in the past year, while it has lost -80.67% so far this year. A look at the trailing 12-month EPS for COMS yields -1.28 with Next year EPS estimates of -0.13. For the next quarter, that number is -0.13. This implies an EPS growth rate of -44.80% for this year and 80.60% for next year.

Float and Shares Shorts:

At present, 72.00 million COMS shares are outstanding with a float of 54.43 million shares on hand for trading. On Apr 28, 2022, short shares totaled 0.75 million, which was 0.94% higher than short shares on Mar 30, 2022. In addition to Mr. Daniel L. Hodges as the firm’s Co-Founder, Chairman & CEO, Mr. John Esselstyn Howell serves as its Co- Founder, Pres & Director.

Institutional Ownership:

Through their ownership of 9.41% of COMS’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 7.07% of COMS, in contrast to 30.19% held by mutual funds. Shares owned by individuals account for 2.65%. As the largest shareholder in COMS with 3.30% of the stake, Buckingham Strategic Partners LLC holds 2,635,999 shares worth 2,635,999. A second-largest stockholder of COMS, The Vanguard Group, Inc., holds 1,749,497 shares, controlling over 2.19% of the firm’s shares. Susquehanna Financial Group LLLP is the third largest shareholder in COMS, holding 578,974 shares or 0.72% stake. With a 1.49% stake in COMS, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 1,192,821 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.70% of COMS stock, is the second-largest Mutual Fund holder. It holds 556,676 shares valued at 94078.0. Fidelity Extended Market Index Fu holds 0.26% of the stake in COMS, owning 206,343 shares worth 34872.0.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for COMS since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With COMS analysts setting a high price target of $10.00 and a low target of $10.00, the average target price over the next 12 months is $10.00. Based on these targets, COMS could surge 6566.67% to reach the target high and rise by 6566.67% to reach the target low. Reaching the average price target will result in a growth of 6566.67% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. COMS will report FY 2022 earnings on 04/03/2023. Analysts have provided yearly estimates in a range of $0.09 being high and $0.09 being low. For COMS, this leads to a yearly average estimate of $0.09. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Based on analyst estimates, the high estimate for the next quarter is -$0.04 and the low estimate is -$0.04. The average estimate for the next quarter is thus -$0.04.

Summary of Insider Activity:

Insiders traded COMS stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 19 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 76,146 while 0 shares were sold.

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