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COMSovereign Holding Corp. (NASDAQ:COMS) Forecasted to Earn Q1 2023 Earnings of ($0.11) Per Share

Defense World ·  Aug 15, 2022 02:51

COMSovereign Holding Corp. (NASDAQ:COMS – Get Rating) – Research analysts at Litchfield Hills Research issued their Q1 2023 earnings estimates for shares of COMSovereign in a note issued to investors on Friday, August 12th. Litchfield Hills Research analyst T. O�Neill anticipates that the company will earn ($0.11) per share for the quarter. The consensus estimate for COMSovereign's current full-year earnings is $0.09 per share. Litchfield Hills Research also issued estimates for COMSovereign's Q2 2023 earnings at ($0.08) EPS, Q3 2023 earnings at ($0.05) EPS, Q4 2023 earnings at ($0.03) EPS and FY2023 earnings at ($0.27) EPS.

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COMSovereign Stock Performance

Shares of NASDAQ:COMS opened at $0.16 on Monday. The firm has a 50 day simple moving average of $0.16 and a 200 day simple moving average of $0.39. COMSovereign has a 52 week low of $0.11 and a 52 week high of $2.13.

Institutional Trading of COMSovereign

A number of hedge funds have recently bought and sold shares of the stock. Buckingham Strategic Partners acquired a new stake in shares of COMSovereign during the 1st quarter worth about $2,214,000. Private Advisor Group LLC bought a new stake in shares of COMSovereign in the second quarter worth $62,000. Carnegie Capital Asset Management LLC acquired a new position in COMSovereign during the second quarter worth $66,000. Finally, Virtu Financial LLC acquired a new position in COMSovereign during the second quarter worth $33,000. 7.54% of the stock is owned by institutional investors.

COMSovereign Company Profile

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ComSovereign Holding Corp. designs, develops, markets, and sells technologically-advanced telecom solutions for network operators, mobile device carriers, governmental units, and other enterprises worldwide. The company designs, manufactures, and sells microwave packet radio equipment, such as backhaul telecom radios that transmit broadband voice, video, and data, as well as enable service providers, government agencies, enterprises, and other organizations to meet their increasing bandwidth requirements rapidly and affordably; and in-band full-duplex and transpositional modulation technologies that alleviate the performance limitations of the principal transmission technologies.

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