The price-to-earnings ratio for Comcast Corp (NASDAQ: CMCSA) is 11.03x, which is above its average ratio. Moreover, the 36-month beta value for CMCSA is 0.97. Analysts have varying opinions on the stock, with 18 analysts rating it as a “buy,” 12 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for CMCSA is 3.93B and currently, short sellers hold a 1.23% of that float. On April 08, 2024, CMCSA’s average trading volume was 20.39M shares.
CMCSA) stock’s latest price update
Comcast Corp (NASDAQ: CMCSA)’s stock price has plunge by -0.51relation to previous closing price of 41.11. Nevertheless, the company has seen a -5.65% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-04 that Comcast (CMCSA) is offering Seaport Stays several technology solutions, including Ethernet Dedicated Internet, Business Internet and X1 for Hospitality.
CMCSA’s Market Performance
Comcast Corp (CMCSA) has seen a -5.65% fall in stock performance for the week, with a -2.97% decline in the past month and a -4.06% plunge in the past quarter. The volatility ratio for the week is 2.12%, and the volatility levels for the past 30 days are at 1.73% for CMCSA. The simple moving average for the last 20 days is -4.11% for CMCSA stock, with a simple moving average of -5.76% for the last 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 -4.89% 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 -13.81% of loss for the given period.
Volatility was left at 1.73%, however, over the last 30 days, the volatility rate increased by 2.12%, as shares sank -2.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.62% lower at present.
During the last 5 trading sessions, CMCSA fell by -5.65%, which changed the moving average for the period of 200-days by +0.64% in comparison to the 20-day moving average, which settled at $42.61. In addition, Comcast Corp saw -6.73% 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 2.08. 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
To wrap up, the performance of Comcast Corp (CMCSA) has been bad in recent times. The stock has received a bullish of “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.
