Perhaps timely catching COMSovereign Holding Corp. (COMS) would be a good idea

COMSovereign Holding Corp. (NASDAQ: COMS) stock jumped 1.78% on Monday to $0.06 against a previous-day closing price of $0.06. With 26.4 million shares changed hands, the volume of the stock remained lighter than its average volume of 63.45 million shares. During the session, the Telecom Services company that operates in wider Communication Services sector, reached to the highest price of $0.0650 whereas the lowest price it dropped to was $0.0616. The 52-week range on COMS shows that it touched its highest point at $0.95 and its lowest point at $0.04 during that stretch. Beta for the stock currently stands at 2.00.

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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 down-trending over the past week, with a drop of -5.97%, but this was down by -20.35% over a month. Three-month performance dropped to -37.25% while six-month performance fell -59.30%. The stock lost -89.04% in the past year, while it has lost -11.89% so far this year.

Float and Shares Shorts:

At present, 238.11 million COMS shares are outstanding with a float of 213.68 million shares on hand for trading. On Dec 29, 2022, short shares totaled 16.8 million, which was 7.05% higher than short shares on Nov 29, 2022. In addition to Dr. Dustin H. McIntire Ph.D. as the firm’s Chief Technology Officer, Mr. Kevin Michael Sherlock serves as its Gen. Counsel & Sec.

Institutional Ownership:

Through their ownership of 2.42% of COMS’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 10.13% of COMS, in contrast to 1.55% held by mutual funds. Shares owned by individuals account for 0.87%. As the largest shareholder in COMS with 0.76% of the stake, Buckingham Strategic Partners LLC holds 1,814,596 shares worth 1,814,596. A second-largest stockholder of COMS, The Vanguard Group, Inc., holds 1,701,883 shares, controlling over 0.72% of the firm’s shares. Morgan Stanley & Co. LLC is the third largest shareholder in COMS, holding 510,400 shares or 0.21% stake. With a 0.48% stake in COMS, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 1,145,207 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.23% of COMS stock, is the second-largest Mutual Fund holder. It holds 557,523 shares valued at 40142.0. Fidelity Extended Market Index Fu holds 0.09% of the stake in COMS, owning 204,541 shares worth 14727.0.


An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2022, COMS reported revenue of $3.23M and operating income of -$8.58M. Over the past year, revenue came in at $13.78M while operating income stood at -$135.37M. It generated -$1.19M net income for the quarter, which came to -$138.03M over the last twelve months. The EBITDA in the recently reported quarter was -$6.36M and diluted EPS was -$0.02. EBITDA for the full year was -$24.48M.

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 16566.67% to reach the target high and rise by 16566.67% to reach the target low. Reaching the average price target will result in a growth of 16566.67% 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 02/28/2024. Analysts have provided yearly estimates in a range of -$0.27 being high and -$0.27 being low. For COMS, this leads to a yearly average estimate of -$0.27. Based on analyst estimates, the high estimate for the next quarter is -$0.03 and the low estimate is -$0.03. The average estimate for the next quarter is thus -$0.03.

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 remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.

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