Buckingham Strategic Partners LLC recently announced the acquisition of new stake in COMSovereign Holding Corp. (NASDAQ:COMS). This fresh investment now brings its stake to 1.88% valued currently at $0.11 million. In addition, Tower Research Capital LLC raised its holdings by 0.12 million to 0.14 million shares.
With over 18.77 million COMSovereign Holding Corp. (COMS) shares trading Monday and a closing price of $0.06 on the day, the dollar volume was approximately $1.13 million. The shares have shown a negative half year performance of -77.34% and its price on 11/21/22 lost nearly -10.09%. Currently, there are 161.23M common shares owned by the public and among those 136.80M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for COMS have a consensus price objective of $10.00. The analysts have set the share’s price value over the next 12 months at a high of $10.00 and a low of $10.00. The average price target is 97.14% above its recent price level and an upside to the estimated low will see the stock gain 99.4% over that period. But an upside of 99.4% will see the stock hit the forecast high price target while median target price for the stock is $10.00.
Insiders at the company have transacted a total of 2 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 2 of these insider trades were purchases, accounting for 6,000 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in COMSovereign Holding Corp. are Vanguard Total Stock Market Index, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu. Vanguard Total Stock Market Index owns 1.15 million shares of the company’s stock, all valued at over $67567.0. Fidelity Extended Market Index Fu now owns shares totaling to 0.21% of the shares outstanding.
However, the script later moved the day high at 0.0620, down -10.09%. The company’s stock has a 5-day price change of -15.35% and -54.12% over the past three months. COMS shares are trading -92.33% year to date (YTD), with the 12-month market performance down to -95.44% lower. It has a 12-month low price of $0.04 and touched a high of $1.34 over the same period. COMS has an average intraday trading volume of 26.01 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -12.07%, -24.49%, and -79.72% respectively.
Institutional ownership of COMSovereign Holding Corp. (NASDAQ: COMS) shares accounts for 3.60% of the company’s 161.23M shares outstanding. Mutual fund holders own 25.02%, while other institutional holders and individual stakeholders account for 3.81% and 2.16% respectively.
It has a market capitalization of $9.41M and a beta (3y monthly) value of 1.86. The earnings-per-share (ttm) stands at -$1.98. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.21% over the week and 14.99% over the month.
Analysts forecast that COMSovereign Holding Corp. (COMS) will achieve an EPS of -$0.11 for the current quarter, -$0.08 for the next quarter and $0 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.11 while analysts give the company a high EPS estimate of -$0.11. Earnings per share for the fiscal year are expected to increase by 10.60%, and 59.30% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate COMSovereign Holding Corp. (COMS) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”