Comcast Corp (NASDAQ:CMCSA) saw a downside of -0.95% to close Monday at $44.87 after subtracting -$0.43 on the day. The 5-day average trading volume is 14,420,340 shares of the company’s common stock. It has gained $46.04 in the past week and touched a new high 2 times within the past 5 days. An average of 18,790,846 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 18,202,803.
CMCSA’s 1-month performance is -0.82% or -$0.60 on its low of $44.25 reached on 09/06/23. The company’s shares have touched a 52-week low of $28.39 and high of $47.46, with the stock’s rally to the 52-week high happening on 08/16/23. YTD, CMCSA has achieved 28.31% or $9.90 and has reached a new high 31 times. However, the current price is down -5.45% from the 52-week high price.
Insider Transactions
CMCSA stock investors last saw insider trading activity on Feb 21.COMCAST CORP (10% Owner) most recently sold 37,176 shares at $2.03 per share on Feb 21. This transaction cost the insider $75,419. 10% Owner, COMCAST CORP, sold 487,146 shares at a price of $2.05 on Feb 16. Then, on Feb 06, 10% Owner COMCAST CORP sold 1,685,689 shares at a price of $2.23 per share. This transaction amounted to $3,764,986.
Valuation Metrics
CMCSA stock has a beta of 0.98. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.53 while the price-to-book (PB) in the most recent quarter is 2.20, with the price to cash flow ratio at 12.12.
Comcast Corp’s quick ratio for the period ended June 29 was 0.76, with the current ratio over the same period at 0.76. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.13, while the total debt to equity was 1.22. In terms of profitability, the gross margin trailing 12 months is 57.94%. The trailing 12-month EBITDA margin is 30.01% while for the period ending June 29, Comcast Corp’s operating margin was 19.11%. The firm’s gross profit as reported stood at $44.95 billion against revenue of $121.43 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 grew 20.06% to $4.25 billion, while revenue of $3.83 billion was 9.75% off the previous quarter. Analysts expected CMCSA to announce $0.97 per share in earnings in its latest quarter, but it posted $1.13, representing a 16.50% surprise. EBITDA for the quarter stood at more than $10.25 billion. CMCSA stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 177.47 billion, with total debt at $102.67 billion. Shareholders hold equity totaling $4.13 billion.
Let’s look briefly at Comcast Corp (CMCSA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 39.84% to suggest the stock is trending Neutral, with historical volatility in this time period at 14.36%.
The stock’s 5-day moving average is $45.42, reflecting a -1.69% or -$0.77 change from its current price. CMCSA is currently trading -1.32% above its 20-day SMA, +8.91% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +6.81% and SMA200 by+29.05%.
Stochastic %K and %D was 49.03% and 50.13% and the average true range (ATR) pointed at 0.68. The RSI (14) points at 44.75%, while the 14-day stochastic is at 32.63% with the period’s ATR at 0.71. The stock’s 9-day MACD Oscillator is pointing at -0.18 and -0.03 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Comcast Corp (NASDAQ: CMCSA), Wolfe Research upgraded it to a Peer perform rating. They previously had an Underperform rating on the stock. Analysts offering their rating for CMCSA stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate CMCSA as a “sell,”, while 11 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 17 have offered a “buy” rating.
What is CMCSA’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $39.00 and a high of $55.00, with their median price target at $50.00. Looking at these predictions, the average price target given by analysts is for Comcast Corp (CMCSA) stock is $49.29.
