Charter Communications Inc. (NASDAQ: CHTR)’s stock price has increased by 1.73 compared to its previous closing price of 336.14. but the company has seen a -3.37% decline in its stock price over the last five trading sessions. Barron’s reported on 12/14/22 that Charter Stock Slumps on Plans to Boost Network Capital Spending
Is It Worth Investing in Charter Communications Inc. (NASDAQ: CHTR) Right Now?
The price-to-earnings ratio for Charter Communications Inc. (NASDAQ: CHTR) is above average at 11.12x, while the 36-month beta value is 1.12.Analysts have differing opinions on the stock, with 12 analysts rating it as a “buy,” 1 as “overweight,” 14 as “hold,” and 1 as “sell.”
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The average price point forecasted by analysts for Charter Communications Inc. (CHTR) is $470.59, which is $132.85 above the current market price. The public float for CHTR is 99.13M, and currently, short sellers hold a 9.00% ratio of that floaft. The average trading volume of CHTR on March 16, 2023 was 1.29M shares.
CHTR’s Market Performance
CHTR’s stock has seen a -3.37% decrease for the week, with a -14.54% drop in the past month and a -11.05% fall in the past quarter. The volatility ratio for the week is 4.04%, and the volatility levels for the past 30 days are at 2.84% for Charter Communications Inc. The simple moving average for the last 20 days is -7.35% for CHTR stock, with a simple moving average of -13.92% for the last 200 days.
Analysts’ Opinion of CHTR
Many brokerage firms have already submitted their reports for CHTR stocks, with RBC Capital Mkts repeating the rating for CHTR by listing it as a “Outperform.” The predicted price for CHTR in the upcoming period, according to RBC Capital Mkts is $440 based on the research report published on January 31st of the current year 2023.
Truist, on the other hand, stated in their research note that they expect to see CHTR reach a price target of $550, previously predicting the price at $380. The rating they have provided for CHTR stocks is “Buy” according to the report published on January 05th, 2023.
Wells Fargo gave a rating of “Equal Weight” to CHTR, setting the target price at $340 in the report published on December 23rd of the previous year.
CHTR Trading at -9.92% from the 50-Day Moving Average
After a stumble in the market that brought CHTR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -40.95% of loss for the given period.
Volatility was left at 2.84%, however, over the last 30 days, the volatility rate increased by 4.04%, as shares sank -14.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.84% upper at present.
During the last 5 trading sessions, CHTR fell by -3.37%, which changed the moving average for the period of 200-days by -32.00% in comparison to the 20-day moving average, which settled at $366.16. In addition, Charter Communications Inc. saw 0.84% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CHTR starting from Rutledge Thomas, who sale 30,000 shares at the price of $383.64 back on Feb 22. After this action, Rutledge Thomas now owns 17,493 shares of Charter Communications Inc., valued at $11,509,350 using the latest closing price.
Miron Steven A, the Director of Charter Communications Inc., purchase 2,500 shares at $384.35 during a trade that took place back on Jan 31, which means that Miron Steven A is holding 9,173 shares at $960,875 based on the most recent closing price.
Stock Fundamentals for CHTR
Current profitability levels for the company are sitting at:
- +22.66 for the present operating margin
- +43.36 for the gross margin
The net margin for Charter Communications Inc. stands at +9.36. Equity return is now at value 50.60, with 3.50 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.33.
Conclusion
In a nutshell, Charter Communications Inc. (CHTR) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
