Why Compass, Inc. (COMP) Soared Last Week

We recently compiled a list of the 10 Companies That Performed Well Last Week. In this article, we are going to take a look at where Compass, Inc. (NYSE:COMP) stands against the other stocks.

The stock market fell heavily into the red territory on Friday as investors sold off positions to mitigate risks from a series of macroeconomic factors.

The Dow Jones declined by 1.69 percent, the S&P dropped by 1.71 percent, and the tech-heavy Nasdaq nosedived by 2.20 percent.

Despite the broader market downturn, ten companies gained momentum, recording price growths on a week-on-week basis.

We have listed 10 companies that performed well last week. Note that shares performances were based on closing prices last Friday, February 21, as against their prices on February 14, or a week earlier.

To come up with last week’s advancers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.

An excited real estate broker discussing with a couple interested in buying a home.

Compass, Inc. (NYSE:COMP)

Compass, Inc. (NYSE:COMP) saw its share prices jump by 13.2 percent week-on-week to end Friday at $8.98 apiece versus the $7.93 registered on February 14 following improved earnings performance last year.

In its earnings release, Compass, Inc. (NYSE:COMP) said net loss attributable to the company for the fourth quarter narrowed by 51.6 percent to $40.5 million from $83.7 million year-on-year, while net loss attributable to the parent for full-year 2024 shrunk by 51.9 percent to $154.4 million from $321.3 million in 2023.

Meanwhile, revenues for the quarter rose by 26 percent to $1.38 billion from $1.09 billion year-on-year, while revenues for the full year 2024 grew 15 percent to $5.6 billion from $4.88 billion.

For the first quarter of the year, the company pegged revenues at $1.35 billion to $1.475 billion, exceeding consensus of $1.335 billion.

The news propelled Compass, Inc. (NYSE:COMP)’s stock to $10.24 each on the same day the results were released before profit-taking persisted to pull back a little on Friday.

Overall COMP ranks 7th on our list of the companies that performed well last week. While we acknowledge the potential of COMP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than COMP but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.