As of Thursday close, Comcast Corporation’s (NASDAQ:CMCSA) stock was down -$0.36, moving down -0.76 percent to $46.76. The average number of shares traded per day over the past five days has been 14,392,920 shares. 5 times new highs have been achieved over the past 5 days, with a $1.52 gain in that time frame. In the last twenty days, the average volume was 15,419,035, while in the previous 50 days, it was 16,668,953.
Since last month, CMCSA stock rose 3.70%. Shares of the company fell to $44.61 on 08/02/23, the lowest level in the past month. A 52-week high of $47.46 was reached on 08/16/23 after having rallying from a 52-week low of $28.39. Since the beginning of this year, CMCSA’s stock price has risen by 33.71% or $11.79, and marked a new high 31 times. However, the stock has declined by -1.46% since its 52-week high.
CMCSA stock investors should be aware that Comcast Corporation (CMCSA) stock had its last reported insider trading activity 192 days ago on Feb 21. COMCAST CORP, the 10% Owner of the company, disposed of 37,176 shares for $2.03 on Feb 21. It resulted in a $75,419 divestment by the insider. COMCAST CORP sold 487,146 shares at an average price of $2.05 on Feb 16. The insider now owns 19,544,869 shares following the transaction. On Feb 06, 10% Owner COMCAST CORP sold 1,685,689 shares at $2.23 apiece. The transaction was valued at $3,764,986.
Valuation Metrics
Right now, Comcast Corporation (CMCSA) has a P/E ratio of about 29.65. The stock’s beta is 0.99. Besides these, the trailing price-to-sales (P/S) ratio of 1.59, the price-to-book (PB) ratio of 2.31, and the price-to-cash flow ratio of 16.08 may also be considered.
The latest dividend of $0.29 per share was paid out, remained unchanged from last year’s $0.29. On Thursday January 26 2023, a $0.02 dividend increase was announced.
Financial Health
In the three months ended June 29, Comcast Corporation’s quick ratio stood at 0.80, while its current ratio was 0.80, 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 1.13, and the total debt-to-equity ratio was 1.22. On the profitability front, the trailing twelve-month gross margin is 69.60% percent. In the year ended June 29, EBITDA margin amounted to 30.01%, whereas operating margins totaled 12.00%. Based on annual data, CMCSA earned $44.95 billion in gross profit and brought in $121.43 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 5.40%. Return on equity (ROE) for the past 12 months was 7.90%.
In Comcast Corporation’s quarter-end financial report for June 29, it reported total debt of $94.97 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CMCSA’s revenue rose 1.63% to $29.69 billion during the quarter, while net income inched up to $30.51 billion. While analysts expected Comcast Corporation to report $0.97 quarterly earnings, the actual figure was $1.13 per share, beating the consensus estimate by 16.50%. During the quarter, the company generated $10.25 billion in EBITDA. The liabilities of Comcast Corporation were 177.47 billion at the end of its most recent quarter ended June 29, and its total debt was $102.67 billion. The value of shareholders’ equity is $4.13 billion.
Technical Picture
This quick technical analysis looks at Comcast Corporation’s (CMCSA) price momentum. With a historical volatility rate of 12.61%, the RSI 9-day stood at 64.20% on 31 August.
With respect to its five-day moving average, the current Comcast Corporation price is up by +3.36% percent or $1.52. At present, CMCSA shares trade +3.52% above its 20-day simple moving average and +22.31% percent above its 100-day simple moving average. However, the stock is currently trading approximately +15.12% above its SMA50 and +37.45% above its SMA200.
Stochastic coefficient K was 75.24% and Stochastic coefficient D was 59.74%, while ATR was 0.68. Given the Stochastic reading of 69.72% for the 14-day period, the RSI (14) reading has been calculated as 64.39%. As of today, the MACD Oscillator reading stands at 0.86, while the 14-day reading stands at 0.73.
Analyst Ratings
Wolfe Research upgraded its rating on Comcast Corporation (NASDAQ: CMCSA) to a Peer perform in a note to investors on August 02, 2023. The analysts firm previously had an Underperform rating on the stock.Comcast Corporation (CMCSA) has been rated Overweight by analysts. According to 0 brokerage firms, CMCSA is a sell, and 11 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Comcast Corporation stock as buy, with 18 recommending it as overweight.
With a median target price of $50.00, the current consensus forecast for the stock is $39.00 – $55.00. Based on these forecasts, analysts predict Comcast Corporation (CMCSA) will achieve an average price target of $49.43.
