How have the shares performed?
COMSovereign Holding Corp. (COMS) saw an uptrend of 4.83% in the recent trading with $2.17 being its most recent. The current price level -80.40% lower than the highest price of $11.07 marked by the stock while trading over the past 52-weeks, whereas it is 18.58% higher than the lowest price of $1.83 the company dropped to over past 52-weeks. The latest news story on COMS appeared in PR Newswire under the title “COMSovereign Enters 5G Mobile Edge Computing Cloud Market with Acquisition of SAGUNA Network LTD” on May-18-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -17.80% below one month high and is +16.04% above of the lowest during that time. Looking into the simple moving average, COMSovereign Holding Corp. (COMS)’s stock stands at a SMA-50 of $2.52 while that of 5-day is reading $2.05.
COMSovereign Holding Corp. Earnings – What Happened With COMS
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. COMSovereign Holding Corp. (COMS) last released financial results for the quarter that ended 9/30/2018, posting a surprise factor of 45.80% for net revenue. During the reported three-month period, company’s sales were $1.91 billion while analysts on average were estimating the same to be $1.73 million.
COMS – COMSovereign Holding Corp. Stock Earnings Estimates
The perspective of COMSovereign Holding Corp. (NASDAQ:COMS)’s current quarter earnings identifies that analysts are in consensus over the estimate of -0.72 for stock’s EPS in the current quarter. Company’s EPS for the last quarter was -0.39.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 48.71 million. COMS does have institutional investors; and they hold 1.90% of the stock.
COMSovereign Holding Corp. – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 0 new insider purchases involving 0 shares. On the other hand, COMS declared 0 shares have been sold in 0 insider transactions over the past three months.
As on Mar 31, 2021, Vanguard Group, Inc. (The) was the top most holder in COMSovereign Holding Corp. (NASDAQ:COMS) with an ownership of 0.6 million shares of the company or 0.40% of the stake worth $1.6 million. The filing also reveals DSC Advisors, L.P. as the second largest holder in the company with a control over 0.28% of the outstanding shares. Its stake is worth $1.09 million for having 0.41 million shares in hand.
Geode Capital Management, LLC also came holding a key position in the company during the recent quarter and it now holds 0.18% of the outstanding shares. With this there are now 25 institutions which have possession in COMS’s shares.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by COMSovereign Holding Corp. was 0.21 while posting a debt to equity ratio of 0.21. The count was 3.13 for long-term debt to equity ratio.
COMSovereign Holding Corp.’s return on equity, or ROE, is -38.80%, compared to the industry average of 6.16% for Communication Services – Telecom Services. Although this indicates that COMS fails to use its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of COMSovereign Holding Corp. (NASDAQ:COMS) stock