Charter Communications Inc. (NASDAQ:CHTR) finished Friday with a subtraction of -$0.35 to close at $427.94, a downside of -0.08 percent. An average of 871,720 shares of common stock have been traded in the last five days. There was a gain of $9.08 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 1,428,845 shares traded, while the 50-day average volume stands at 1,216,036.
CHTR stock has increased by 11.55% in the last month. The company shares reached their 1-month lowest point of $370.08 on 07/17/23. With the stock rallying to its 52-week high on 08/11/23, shares of the company touched a low of $297.66 and a high of $484.27 in 52 weeks. It has reached a new high 18 times so far this year and achieved 26.20% or $88.84 in price. In spite of this, the price is down -11.63% from the 52-week high.
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Insider Transactions
CHTR stock investors should be aware that Charter Communications Inc. (CHTR) stock had its last reported insider trading activity 10 days ago on Aug 02. In this transaction, the insider spent $879,817. Executive Chairman, Rutledge Thomas, disposed of 30,000 shares at a price of $383.64 on Feb 22. The insider now owns more than $11,509,350 worth of shares.
Valuation Metrics
Charter Communications Inc. (CHTR) has a trailing price-to-earnings (P/E) ratio of 14.38. The stock’s beta is 1.12. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.19, the price-to-book (PB) ratio at 6.14, and the price-to-cash flow ratio at 18.19.
Financial Health
The quick ratio of Charter Communications Inc. for the three months ended June 29 was 0.30, and the current ratio was 0.30, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 9.18 and a total debt to equity ratio of 9.37 for the quarter ending June 29. Charter Communications Inc.’s EBITDA margin for the year ending June 29 is 39.14%, while its operating margin for the same period stands at 22.10%. Its gross profit as reported stood at $21.15 billion compared to revenue of $54.02 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Charter Communications Inc.’s return on assets was 3.20%.
Earnings Surprise
For the three-month period that ended June 29, Charter Communications Inc. had $95.97 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.22 billion in the quarter, while revenues were shrunk -20.28%. The analyst consensus anticipated Charter Communications Inc.’s latest quarter earnings to come in at $7.96 per share, but it turned out to be $8.05, a 1.10% surprise. For the quarter, EBITDA amounted to $5.41 billion. Shareholders own equity worth $149.67 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Charter Communications Inc. (CHTR) price momentum. RSI 9-day as of the close on 11 August was 80.48%, suggesting the stock is Overbought, with historical volatility in this time frame at 14.10%.
As of today, CHTR’s price is $423.08 +2.17% or $9.08 from its 5-day moving average. CHTR is currently trading +13.97% higher than its 20-day SMA and +22.71% higher than its 100-day SMA. However, the stock’s current price level is +31.21% above the SMA50 and +26.96% above the SMA200.
The stochastic %K and %D were 89.17% and 83.18%, respectively, and the average true range (ATR) was 9.22. With the 14-day stochastic at 94.18% and the average true range at 9.49, the RSI (14) stands at 77.65%. The stock has reached 4.58 on the 9-day MACD Oscillator while the 14-day reading was at 12.28.
Analyst Ratings
Wolfe Research upgraded Charter Communications Inc. (NASDAQ: CHTR) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Peer perform. The consensus rating for Charter Communications Inc. (CHTR) among analysts is Overweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell CHTR, while 14 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 11 others rate it as a “buy”.
What is CHTR’s price target for the next 12 months?
Analysts predict a range of price targets between $291.00 and $665.00, with a median target of $477.00. Taking a look at these predictions, the average price target given by analysts for Charter Communications Inc. (CHTR) stock is $480.91.
