The stock of Comcast Corporation (NASDAQ:CMCSA) increased by $0.45 on Friday to finish at $46.48, up 0.98 percent. The last five days have seen an average of 14,292,304 shares of common stock traded. 29 times new highs were reached in the current year, with a gain of $11.46. The average number of shares traded over the last 20 days was 18,207,051, while the average volume over the last 50 days totaled 17,021,332.
CMCSA stock appreciated 10.64% since last month. On 07/17/23, the company’s shares reached a one-month low of $41.51. The stock touched a high of $46.53 on 08/14/23, after rallying from a low of $28.39 in 52 weeks. The price of CMCSA stock has risen by 32.91% or $11.46 this year, reaching a new high 29 times. Still, the stock price is down -0.11% from the 52-week high.
Insider Transactions
CMCSA stock investors should be aware that Comcast Corporation (CMCSA) stock had its last reported insider trading activity 174 days ago on Feb 21. On Feb 21, 10% Owner COMCAST CORP sold 37,176 shares at $2.03 each. This transaction resulted in the insider making $75,419. On Feb 16, COMCAST CORP sold 487,146 shares at a price of US$2.05. After the transaction, the insider now owns 19,544,869 shares. 10% Owner COMCAST CORP had earlier sold 1,685,689 shares on Feb 06 for $2.23 a share. The transaction was completed for $3,764,986.
Valuation Metrics
Comcast Corporation (CMCSA) has a trailing price-to-earnings (P/E) ratio of 29.47. Beta for the stock is 0.99. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.59, the price-to-book (PB) ratio of 2.30, and the price-to-cash flow ratio of 16.03.
Company paid $0.29 per share in dividends, remained unchanged from $0.29 last year. A $0.02 dividend increase was reported on Thursday January 26 2023.
Financial Health
For the three months ended June 29, Comcast Corporation’s quick ratio was 0.80, while its current ratio was 0.80, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.13, and the total debt to equity ratio is 1.22. As far as profitability goes, gross margin for the trailing twelve months is 69.60% percent. Comcast Corporation’s EBITDA margin for the year ended June 29 was 30.01%, whereas its operating margin stood at 12.00% for the same period. Based on annual data, it had gross profit of $44.95 billion and revenue of $121.43 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CMCSA’s return on assets (ROA) during the last 12 months has been 2.50%. There was a 5.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 7.90%.
Earnings Surprise
According to Comcast Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $30.51 billion, while revenues rose by 1.63% to $29.69 billion. It was predicted that Comcast Corporation’s quarterly earnings would be $1.13, but it ended up being $0.97, beating the consensus by 16.50%. EBITDA was $10.25 billion for the quarter. At the end of Comcast Corporation’s most recent quarter ended June 29, its liabilities totaled 177.47 billion, while its total debt was $102.67 billion. Equity owned by shareholders amounts to $4.13 billion.
Technical Picture
Here’s a quick look at Comcast Corporation’s (CMCSA) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 78.89%, suggesting the stock is Overbought, with a 11.48% historical volatility rate.
The stochastic %K and %D were 87.14% and 81.07% respectively, while the average true range (ATR) was 0.82. Based on the 14-day stochastic reading of 89.62%, the RSI (14) reading is 75.48%. On the 9-day MACD Oscillator, the stock is at 0.62, and the 14-day reading is at 0.87.
Analyst Ratings
In its most recent analyst report, Wolfe Research raised its rating on Comcast Corporation (NASDAQ: CMCSA) to a Peer perform. Prior to this, analysts firm rated the stock as an Underperform. Analysts have assigned Comcast Corporation (CMCSA) an Overweight rating. CMCSA is a stock that is recommended for selling by 0 brokerage firms, while 11 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 17 others recommend it as a buy.
What is CMCSA’s price target for the next 12 months?
The current consensus forecast for the stock is between $39.00 and $55.00, with a median target price of $50.00. In analyzing these forecasts, the average price target given by analysts for Comcast Corporation (CMCSA) is $49.22.
