Charter Communications Inc. (NASDAQ:CHTR) saw a downside of -0.36% to close Friday at $445.21 after subtracting -$1.61 on the day. The 5-day average trading volume is 1,072,020 shares of the company’s common stock. It has gained $457.66 in the past week and touched a new high 2 times within the past 5 days. An average of 1,242,830 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,329,044.
CHTR’s 1-month performance is 7.21% or $31.83 on its low of $407.57 reached on 09/06/23. The company’s shares have touched a 52-week low of $297.66 and high of $457.66, with the stock’s rally to the 52-week high happening on 09/19/23. YTD, CHTR has achieved 31.29% or $106.11 and has reached a new high 25 times. However, the current price is down -2.72% from the 52-week high price.
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Insider Transactions
CHTR stock investors last saw insider trading activity on Aug 16.MAFFEI GREGORY B (Director) most recently sold 5 shares at $428.18 per share on Aug 16. This transaction cost the insider $2,141. Director, Jacobson Craig A, sold 2,104 shares at a price of $418.16 on Aug 02. Then, on Feb 22, Executive Chairman Rutledge Thomas sold 30,000 shares at a price of $383.64 per share. This transaction amounted to $11,509,350.
Valuation Metrics
CHTR stock has a beta of 1.11. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.22 while the price-to-book (PB) in the most recent quarter is 6.37, with the price to cash flow ratio at 18.75.
Charter Communications Inc.’s quick ratio for the period ended June 29 was 0.33, with the current ratio over the same period at 0.33. As well, the company’s long term debt to equity for the quarter ending June 29 was 9.18, while the total debt to equity was 9.39. In terms of profitability, the gross margin trailing 12 months is 46.42%. The trailing 12-month EBITDA margin is 39.14% while for the period ending June 29, Charter Communications Inc.’s operating margin was 22.78%. The firm’s gross profit as reported stood at $21.15 billion against revenue of $54.02 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -20.28% to $1.22 billion, while revenue of $1.02 billion was 16.52% off the previous quarter. Analysts expected CHTR to announce $7.96 per share in earnings in its latest quarter, but it posted $8.05, representing a 1.10% surprise. EBITDA for the quarter stood at more than $5.41 billion. CHTR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 131.59 billion, with total debt at $98.26 billion. Shareholders hold equity totaling $149.67 million.
Let’s look briefly at Charter Communications Inc. (CHTR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 57.68% to suggest the stock is trending Neutral, with historical volatility in this time period at 16.75%.
The stock’s 5-day moving average is $449.12, reflecting a -0.61% or -$2.74 change from its current price. CHTR is currently trading +8.06% above its 20-day SMA, +21.47% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +16.05% and SMA200 by+14.81%.
Stochastic %K and %D was 78.19% and 82.31% and the average true range (ATR) pointed at 10.14. The RSI (14) points at 58.95%, while the 14-day stochastic is at 75.14% with the period’s ATR at 10.19. The stock’s 9-day MACD Oscillator is pointing at 0.18 and 9.37 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Charter Communications Inc. (NASDAQ: CHTR), Wells Fargo upgraded it to an Overweight rating. They previously had an Equal weight rating on the stock. Analysts offering their rating for CHTR stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate CHTR as a “sell,”, while 13 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 11 have offered a “buy” rating.
What is CHTR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $291.00 and a high of $665.00, with their median price target at $482.00. Looking at these predictions, the average price target given by analysts is for Charter Communications Inc. (CHTR) stock is $485.74.
