As of Wednesday close, Charter Communications Inc.’s (NASDAQ:CHTR) stock was down -$1.31, moving down -0.31 percent to $426.77. The average number of shares traded per day over the past five days has been 1,177,980 shares. 3 times new highs have been achieved over the past 5 days, with a $6.82 gain in that time frame. In the last twenty days, the average volume was 1,357,275, while in the previous 50 days, it was 1,232,376.
Since last month, CHTR stock rose 10.26%. Shares of the company fell to $370.08 on 07/17/23, the lowest level in the past month. A 52-week high of $484.27 was reached on 08/16/23 after having rallying from a 52-week low of $297.66. Since the beginning of this year, CHTR’s stock price has risen by 25.85% or $87.67, and marked a new high 19 times. However, the stock has declined by -11.87% since its 52-week high.
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CHTR stock investors should be aware that Charter Communications Inc. (CHTR) stock had its last reported insider trading activity 15 days ago on Aug 02. Jacobson Craig A, the Director of the company, disposed of 2,104 shares for $418.16 on Aug 02. It resulted in a $879,817 divestment by the insider. Rutledge Thomas sold 30,000 shares at an average price of $383.64 on Feb 22. The insider now owns 17,493 shares following the transaction. On Jan 31, Director Miron Steven A bought 2,500 shares at $384.35 apiece. The transaction was valued at $960,875.
Valuation Metrics
Right now, Charter Communications Inc. (CHTR) has a P/E ratio of about 14.34. The stock’s beta is 1.12. Besides these, the trailing price-to-sales (P/S) ratio of 1.17, the price-to-book (PB) ratio of 6.12, and the price-to-cash flow ratio of 17.99 may also be considered.
Financial Health
In the three months ended June 29, Charter Communications Inc.’s quick ratio stood at 0.30, while its current ratio was 0.30, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 9.18, and the total debt-to-equity ratio was 9.37. On the profitability front, the trailing twelve-month gross margin is 45.30% percent. In the year ended June 29, EBITDA margin amounted to 39.14%, whereas operating margins totaled 22.10%. Based on annual data, CHTR earned $21.15 billion in gross profit and brought in $54.02 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.70%. Return on equity (ROE) for the past 12 months was 48.80%.
In Charter Communications Inc.’s quarter-end financial report for June 29, it reported total debt of $95.97 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CHTR’s revenue rose 0.45% to $13.65 billion during the quarter, while net income inched up to $13.66 billion. While analysts expected Charter Communications Inc. to report $7.96 quarterly earnings, the actual figure was $8.05 per share, beating the consensus estimate by 1.10%. During the quarter, the company generated $5.41 billion in EBITDA. The liabilities of Charter Communications Inc. were 131.59 billion at the end of its most recent quarter ended June 29, and its total debt was $98.26 billion. The value of shareholders’ equity is $149.67 million.
Technical Picture
This quick technical analysis looks at Charter Communications Inc.’s (CHTR) price momentum. With a historical volatility rate of 11.59%, the RSI 9-day stood at 75.26% on 16 August.
With respect to its five-day moving average, the current Charter Communications Inc. price is up by +1.62% percent or $6.82. At present, CHTR shares trade +9.83% above its 20-day simple moving average and +24.72% percent above its 100-day simple moving average. However, the stock is currently trading approximately +27.43% above its SMA50 and +20.13% above its SMA200.
Stochastic coefficient K was 92.17% and Stochastic coefficient D was 93.41%, while ATR was 8.16. Given the Stochastic reading of 89.39% for the 14-day period, the RSI (14) reading has been calculated as 74.88%. As of today, the MACD Oscillator reading stands at 3.33, while the 14-day reading stands at 7.99.
Analyst Ratings
Wolfe Research upgraded its rating on Charter Communications Inc. (NASDAQ: CHTR) to an Outperform in a note to investors on August 02, 2023. The analysts firm previously had a Peer perform rating on the stock.Charter Communications Inc. (CHTR) has been rated Overweight by analysts. According to 2 brokerage firms, CHTR is a sell, and 14 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Charter Communications Inc. stock as buy, with 11 recommending it as overweight.
With a median target price of $477.00, the current consensus forecast for the stock is $291.00 – $665.00. Based on these forecasts, analysts predict Charter Communications Inc. (CHTR) will achieve an average price target of $480.91.
