Comcast Corp (NASDAQ:CMCSA) finished Thursday with an addition of $0.26 to close at $44.86, an upside of 0.58 percent. An average of 14,437,560 shares of common stock have been traded in the last five days. There was a fall of -$0.84 in the past week, and it reached a new high 42 times over the past 12 months. The last 20 days have seen an average of 19,234,801 shares traded, while the 50-day average volume stands at 18,064,393.
CMCSA stock has decreased by -4.10% in the last month. The company shares reached their 1-month lowest point of $43.86 on 09/26/23. With the stock rallying to its 52-week high on 08/16/23, shares of the company touched a low of $28.39 and a high of $47.46 in 52 weeks. It has reached a new high 31 times so far this year and achieved 28.28% or $9.89 in price. In spite of this, the price is down -5.47% from the 52-week high.
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Insider Transactions
CMCSA stock investors should be aware that Comcast Corp (CMCSA) stock had its last reported insider trading activity 220 days ago on Feb 21. In this transaction, the insider spent $75,419. 10% Owner, COMCAST CORP, disposed of 487,146 shares at a price of $2.05 on Feb 16. The insider now owns more than $999,331 worth of shares. Prior to that, 10% Owner COMCAST CORP went on to Sale 1,685,689 shares at $2.23 each on Feb 06. An amount of $3,764,986 was transacted.
Valuation Metrics
Comcast Corp (CMCSA) has a trailing price-to-earnings (P/E) ratio of 28.45. The stock’s beta is 0.98. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.53, the price-to-book (PB) ratio at 2.20, and the price-to-cash flow ratio at 12.12.
The company has a payout ratio of 89.09%. The company’s most recent quarterly dividend payment was $0.29 a share, without any change from last year. Its latest increase dividend $0.02 reported on Thursday January 26 2023.
Financial Health
The quick ratio of Comcast Corp for the three months ended June 29 was 0.76, and the current ratio was 0.76, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.13 and a total debt to equity ratio of 1.22 for the quarter ending June 29. Comcast Corp’s EBITDA margin for the year ending June 29 is 30.01%, while its operating margin for the same period stands at 19.11%. Its gross profit as reported stood at $44.95 billion compared to revenue of $121.43 billion.
Earnings Surprise
For the three-month period that ended June 29, Comcast Corp had $94.97 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $4.25 billion in the quarter, while revenues of $3.83 billion were grew 20.06%. The analyst consensus anticipated Comcast Corp’s latest quarter earnings to come in at $0.97 per share, but it turned out to be $1.13, a 16.50% surprise. For the quarter, EBITDA amounted to $10.25 billion. Shareholders own equity worth $4.13 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Comcast Corp (CMCSA) price momentum. RSI 9-day as of the close on 28 September was 44.44%, suggesting the stock is Neutral, with historical volatility in this time frame at 12.34%.
As of today, CMCSA’s price is $44.77 -1.84% or -$0.84 from its 5-day moving average. CMCSA is currently trading -4.80% lower than its 20-day SMA and +10.96% higher than its 100-day SMA. However, the stock’s current price level is +5.03% above the SMA50 and +27.01% above the SMA200.
The stochastic %K and %D were 30.86% and 30.96%, respectively, and the average true range (ATR) was 0.69. With the 14-day stochastic at 43.67% and the average true range at 0.72, the RSI (14) stands at 46.41%. The stock has reached -0.59 on the 9-day MACD Oscillator while the 14-day reading was at -0.68.
Analyst Ratings
Wolfe Research upgraded Comcast Corp (NASDAQ: CMCSA) to a a Peer perform rating in its most recent analyst report. Previously, the stock was rated as an Underperform. The consensus rating for Comcast Corp (CMCSA) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CMCSA, while 11 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 17 others rate it as a “buy”.
What is CMCSA’s price target for the next 12 months?
Analysts predict a range of price targets between $39.00 and $55.00, with a median target of $50.00. Taking a look at these predictions, the average price target given by analysts for Comcast Corp (CMCSA) stock is $49.29.
