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
| SHARES OUTSTANDING | 56.37 M |
| SHARE FLOAT (%) | 31.72 M (56.27%) |
| % HELD BY INSTITUTIONS | 3.25 |
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
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
| Classic | 1.8100 | 1.9100 | 2.0400 | 2.1400 | 2.2700 | 2.3700 | 2.5000 |
| Fibonacci | 1.9100 | 1.9979 | 2.0521 | 2.1400 | 2.2279 | 2.2821 | 2.3700 |
Technical Indicators
| Symbol | Value | Result | Symbol | Value | Result |
| ADX | 35.7369 | Sell | ATR14 | 0.2182 | |
| CCI20 | -35.6723 | Neutral | Chaikin Money Flow | -0.0588 | Sell |
| MACD | -0.2212 | Sell | Money Flow Index | 44.4346 | Sell |
| ROC | -9.5833 | Sell | RSI | 44.3439 | Buy |
| STOCH (14,3) | 44.7761 | Buy | STOCH RSI | 1.0000 | OverBought |
| UO | 50.8144 | Buy | Williams %R | -55.2239 | Neutral |
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