Further Upside For CommScope Holding Company, Inc. (NASDAQ:COMM) Shares Could Introduce Price Risks After 106% Bounce
Despite an already strong run, CommScope Holding Company, Inc. (NASDAQ:COMM) shares have been powering on, with a gain of 106% in the last thirty days. The last 30 days were the cherry on top of the stock’s 308% gain in the last year, which is nothing short of spectacular.
In spite of the firm bounce in price, CommScope Holding Company may still be sending buy signals at present with its price-to-sales (or “P/S”) ratio of 0.7x, considering almost half of all companies in the Communications industry in the United States have P/S ratios greater than 2x and even P/S higher than 5x aren’t out of the ordinary. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s limited.
