Comcast Corporation (NASDAQ:CMCSA) finished Thursday with an addition of $0.43 to close at $35.05, an upside of 1.24 percent. An average of 17,115,801 shares of common stock have been traded in the last five days. There was a fall of -$0.03 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 25,683,055 shares traded, while the 50-day average volume stands at 25,641,010.
CMCSA stock has decreased by -1.21% in the last month. The company shares reached their 1-month lowest point of $33.78 on 12/20/22. With the stock rallying to its 52-week high on 01/14/22, shares of the company touched a low of $28.39 and a high of $52.10 in 52 weeks. It has reached a new high 5 times so far this year and lost -30.36% or -$15.28 in price. In spite of this, the price is down -32.73% from the 52-week high.
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CMCSA stock investors should be aware that Comcast Corporation (CMCSA) stock had its last reported insider trading activity 16 days ago on Dec 14. In this transaction, the insider spent $71,770. EVP & Chief Accounting Officer, Murdock Daniel C., disposed of 8,929 shares at a price of $44.50 on May 27. The insider now owns more than $397,340 worth of shares. Prior to that, CEO – Comcast Cable WATSON DAVID N went on to Sale 65,410 shares at $45.69 each on Mar 11. An amount of $2,988,452 was transacted.
Comcast Corporation (CMCSA) has a trailing price-to-earnings (P/E) ratio of 30.50. The stock’s beta is 1.01. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.24, the price-to-book (PB) ratio at 1.91, and the price-to-cash flow ratio at 11.19.
The company has a payout ratio of 90.70%. The company’s most recent quarterly dividend payment was $0.27 a share, without any change from last year. Its latest increase dividend $0.02 reported on Thursday January 27 2022.
The quick ratio of Comcast Corporation for the three months ended September 29 was 0.80, and the current ratio was 0.80, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.19 and a total debt to equity ratio of 1.22 for the quarter ending September 29. Its gross profit as reported stood at $42.32 billion compared to revenue of $116.39 billion.
For the three-month period that ended September 29, Comcast Corporation had $90.4 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$4.6 billion in the quarter, while revenues of $3.4 billion were grew 187.76%. The analyst consensus anticipated Comcast Corporation’s latest quarter earnings to come in at $0.9 per share, but it turned out to be $0.96, a 6.70% surprise. For the quarter, EBITDA amounted to $907.0 million. Shareholders own equity worth $4.32 billion.
From a technical analysis perspective, let’s take a brief look at Comcast Corporation (CMCSA) price momentum. RSI 9-day as of the close on 29 December was 51.81%, suggesting the stock is Neutral, with historical volatility in this time frame at 18.08%.
As of today, CMCSA’s price is $34.93 -0.09% or -$0.03 from its 5-day moving average. CMCSA is currently trading -4.34% lower than its 20-day SMA and -9.17% lower than its 100-day SMA. However, the stock’s current price level is +13.98% above the SMA50 and -23.03% below the SMA200.
The stochastic %K and %D were 27.07% and 28.97%, respectively, and the average true range (ATR) was 0.82. With the 14-day stochastic at 30.98% and the average true range at 0.86, the RSI (14) stands at 52.73%. The stock has reached 0.16 on the 9-day MACD Oscillator while the 14-day reading was at -0.19.
Wells Fargo upgraded Comcast Corporation (NASDAQ: CMCSA) to a an Equal weight rating in its most recent analyst report. Previously, the stock was rated as an Underweight. The consensus rating for Comcast Corporation (CMCSA) among analysts is Overweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell CMCSA, while 14 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 17 others rate it as a “buy”.
What is CMCSA’s price target for the next 12 months?
Analysts predict a range of price targets between $29.00 and $60.00, with a median target of $39.00. Taking a look at these predictions, the average price target given by analysts for Comcast Corporation (CMCSA) stock is $40.60.