Comcast Corp (NASDAQ: CMCSA) has seen a rise in its stock price by 0.65 in relation to its previous close of 43.07. However, the company has experienced a 1.07% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-31 that Vanguard High Dividend Yield ETF is off to a good start this year +8.98%, while the SPDR S&P 500 ETF Trust is performing even better +10.39%. The top 10 stocks on the watchlist for April 2024 offer a 3.61% dividend yield, more than double the S&P 500. My top 10 list of high dividend yield stocks has generated an annualized rate of return of 16.32% since its inception in November 2020.
Is It Worth Investing in Comcast Corp (NASDAQ: CMCSA) Right Now?
Comcast Corp (NASDAQ: CMCSA) has a price-to-earnings ratio of 11.69x that is above its average ratio. Additionally, the 36-month beta value for CMCSA is 0.98. There are mixed opinions on the stock, with 14 analysts rating it as a “buy,” 5 rating it as “overweight,” 13 rating it as “hold,” and 0 rating it as “sell.”
The public float for CMCSA is 3.93B and currently, short sellers hold a 1.23% ratio of that float. The average trading volume of CMCSA on April 01, 2024 was 19.99M shares.
CMCSA’s Market Performance
CMCSA stock saw an increase of 1.07% in the past week, with a monthly gain of 2.85% and a quarterly increase of -1.45%. The volatility ratio for the week is 1.23%, and the volatility levels for the last 30 days are 1.71% for Comcast Corp (CMCSA). The simple moving average for the past 20 days is 1.44% for CMCSA’s stock, with a -0.06% simple moving average for the past 200 days.
Analysts’ Opinion of CMCSA
Many brokerage firms have already submitted their reports for CMCSA stocks, with Redburn Atlantic repeating the rating for CMCSA by listing it as a “Neutral.” The predicted price for CMCSA in the upcoming period, according to Redburn Atlantic is $44 based on the research report published on February 15, 2024 of the current year 2024.
Pivotal Research Group, on the other hand, stated in their research note that they expect to see CMCSA reach a price target of $58, previously predicting the price at $55. The rating they have provided for CMCSA stocks is “Buy” according to the report published on December 13th, 2023.
Scotiabank gave a rating of “Sector Perform” to CMCSA, setting the target price at $49 in the report published on October 27th of the previous year.
CMCSA Trading at 0.54% from the 50-Day Moving Average
After a stumble in the market that brought CMCSA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.65% of loss for the given period.
Volatility was left at 1.71%, however, over the last 30 days, the volatility rate increased by 1.23%, as shares surge +1.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.36% upper at present.
During the last 5 trading sessions, CMCSA rose by +1.07%, which changed the moving average for the period of 200-days by +6.54% in comparison to the 20-day moving average, which settled at $42.76. In addition, Comcast Corp saw -1.14% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CMCSA starting from Cavanagh Michael J, who sale 114,749 shares at the price of $46.10 back on Jan 29 ’24. After this action, Cavanagh Michael J now owns 0 shares of Comcast Corp, valued at $5,290,193 using the latest closing price.
Armstrong Jason, the CFO of Comcast Corp, sale 41,663 shares at $42.63 during a trade that took place back on Nov 20 ’23, which means that Armstrong Jason is holding 14,458 shares at $1,776,016 based on the most recent closing price.
Stock Fundamentals for CMCSA
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.7 for the gross margin
The net margin for Comcast Corp stands at 0.13. The total capital return value is set at 0.1. Equity return is now at value 18.81, with 5.89 for asset returns.
Based on Comcast Corp (CMCSA), the company’s capital structure generated 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at 1.17. The interest coverage ratio of the stock is 5.7.
Currently, EBITDA for the company is 39.03 billion with net debt to EBITDA at 2.33. When we switch over and look at the enterprise to sales, we see a ratio of 2.16. The receivables turnover for the company is 8.8for trailing twelve months and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.60.
Conclusion
In conclusion, Comcast Corp (CMCSA) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
