Will The Rally Continue? COMSovereign Holding Corp (NASDAQ:COMS)

COMSovereign Holding Corp (NASDAQ:COMS) ended higher on Tuesday, recovering from the latest sell-off.

Market Action

On Tuesday, COMS surged 4.83% and end the session at $2.17. Total volume was 523K shares. The stock opened at $2.05 and moved within a wide range of $2.0100 – 2.2450.

COMS Issued News

On Tuesday, the company release news. Here are the key highlights:

COMSovereign Enters 5G Mobile Edge Computing Cloud Market with Acquisition of SAGUNA Network LTD

  • COMS announced that it is acquiring SAGUNA Network LTD (“SAGUNA”), the premier Multi-Access Edge Computing (“MEC”) cloud software developer, significantly expanding its software technology offerings powering 5G wireless networks.
  • Terms of the transaction include total consideration of $13.1 million consisting exclusively of shares of restricted common stock. The transaction is expected to close within approximately 15 days subject to traditional closing conditions.
  • SAGUNA, based in Yokneam, Israel, is the software developer behind the award-winning SAGUNA Edge Cloud which transforms communication networks into powerful cloud-computing infrastructures for applications and services including augmented and virtual reality, IoT, edge analytics, high-definition video, connected cars, autonomous drones and more.

Trader Notes

Share Information

SHARE FLOAT (%)31.72 M (56.27%)

Recent Stock Performance

5-DAY PERF.+8.50%
1-MONTH PERF.-6.87%
3-MONTH PERF.-55.07%
6-MONTH PERF.-68.41%
YTD PERF.-63.83%
1-YEAR PERF.-25.43%

Moving Averages

+/- EMA(20)2.20 (-1.36%)
+/- SMA(50)2.52 (-13.89%)
+/- SMA(200)5.31 (-59.13%)

Pivot Points

NameS3S2S1Pivot PointsR1R2R3

Technical Indicators

CCI20-35.6723NeutralChaikin Money Flow-0.0588Sell
MACD-0.2212SellMoney Flow Index44.4346Sell
STOCH (14,3)44.7761BuySTOCH RSI1.0000OverBought
UO50.8144BuyWilliams %R-55.2239Neutral

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