The stock of Charter Communications Inc. (NASDAQ:CHTR) decreased by -$9.64 on Wednesday to $441.46, down -2.14 percent. The last five days have seen an average of 1,060,797 shares of common stock traded. 22 times new highs were reached in the current year, with a gain of $104.15. The average number of shares traded over the last 20 days was 1,122,104, while the average volume over the last 50 days totaled 1,264,384.
CHTR stock appreciated 7.35% since last month. On 07/31/23, the company’s shares reached a one-month low of $399.05. The stock touched a high of $452.25 on 08/29/23, after rallying from a low of $297.66 in 52 weeks. The price of CHTR stock has risen by 30.19% or $104.15 this year, reaching a new high 22 times. Still, the stock price is down -2.38% 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 14 days ago on Aug 16. On Aug 16, Director MAFFEI GREGORY B sold 5 shares at $428.18 each. This transaction resulted in the insider making $2,141. On Aug 02, Jacobson Craig A sold 2,104 shares at a price of US$418.16. After the transaction, the insider now owns 10,249 shares. Executive Chairman Rutledge Thomas had earlier sold 30,000 shares on Feb 22 for $383.64 a share. The transaction was completed for $11,509,350.
Valuation Metrics
Charter Communications Inc. (CHTR) has a trailing price-to-earnings (P/E) ratio of 14.84. Beta for the stock is 1.12. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.20, the price-to-book (PB) ratio of 6.33, and the price-to-cash flow ratio of 18.38.
Financial Health
For the three months ended June 29, Charter Communications Inc.’s quick ratio was 0.30, while its current ratio was 0.30, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 9.18, and the total debt to equity ratio is 9.37. As far as profitability goes, gross margin for the trailing twelve months is 45.30% percent. Charter Communications Inc.’s EBITDA margin for the year ended June 29 was 39.14%, whereas its operating margin stood at 22.10% for the same period. Based on annual data, it had gross profit of $21.15 billion and revenue of $54.02 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CHTR’s return on assets (ROA) during the last 12 months has been 3.20%. There was a 9.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 48.80%.
Earnings Surprise
According to Charter Communications Inc.’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 $13.66 billion, while revenues rose by 0.45% to $13.65 billion. It was predicted that Charter Communications Inc.’s quarterly earnings would be $8.05, but it ended up being $7.96, beating the consensus by 1.10%. EBITDA was $5.41 billion for the quarter. At the end of Charter Communications Inc.’s most recent quarter ended June 29, its liabilities totaled 131.59 billion, while its total debt was $98.26 billion. Equity owned by shareholders amounts to $149.67 million.
Technical Picture
Here’s a quick look at Charter Communications Inc.’s (CHTR) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 68.98%, suggesting the stock is Neutral, with a 32.60% historical volatility rate.
The stochastic %K and %D were 91.34% and 69.58% respectively, while the average true range (ATR) was 10.04. Based on the 14-day stochastic reading of 77.99%, the RSI (14) reading is 68.85%. On the 9-day MACD Oscillator, the stock is at 17.19, and the 14-day reading is at 16.46.
Analyst Ratings
In its most recent analyst report, Wolfe Research raised its rating on Charter Communications Inc. (NASDAQ: CHTR) to an Outperform. Prior to this, analysts firm rated the stock as a Peer perform. Analysts have assigned Charter Communications Inc. (CHTR) an Overweight rating. CHTR is a stock that is recommended for selling by 2 brokerage firms, while 14 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 11 others recommend it as a buy.
