Charter Communications Inc. (NASDAQ: CHTR) has seen a decline in its stock price by -3.17 in relation to its previous close of 271.46. However, the company has experienced a -4.66% decline in its stock price over the last five trading sessions. Market Watch reported 2024-04-03 that Sinclair SBGI, +4.55% -owned Diamond Sports Group extended its distribution deal with Charter Communications CHTR, -0.84%, giving Spectrum customers access to the company’s regional sports networks.
Is It Worth Investing in Charter Communications Inc. (NASDAQ: CHTR) Right Now?
Charter Communications Inc. (NASDAQ: CHTR) has a higher price-to-earnings ratio of 8.76x compared to its average ratio. CHTR has 36-month beta value of 0.96. Analysts have mixed views on the stock, with 12 analysts rating it as a “buy,” 5 as “overweight,” 9 as “hold,” and 0 as “sell.”
The public float for CHTR is 98.20M, and currently, short sellers hold a 11.61% ratio of that float. The average trading volume of CHTR on April 11, 2024 was 1.71M shares.
CHTR’s Market Performance
The stock of Charter Communications Inc. (CHTR) has seen a -4.66% decrease in the past week, with a -11.87% drop in the past month, and a -28.69% fall in the past quarter. The volatility ratio for the week is 3.35%, and the volatility levels for the past 30 days are at 2.64% for CHTR. The simple moving average for the past 20 days is -8.41% for CHTR’s stock, with a -30.39% simple moving average for the past 200 days.
Analysts’ Opinion of CHTR
Many brokerage firms have already submitted their reports for CHTR stocks, with Bernstein repeating the rating for CHTR by listing it as a “Outperform.” The predicted price for CHTR in the upcoming period, according to Bernstein is $370 based on the research report published on March 18, 2024 of the current year 2024.
Pivotal Research Group gave a rating of “Buy” to CHTR, setting the target price at $450 in the report published on February 05th of the current year.
CHTR Trading at -11.34% 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 -42.65% of loss for the given period.
Volatility was left at 2.64%, however, over the last 30 days, the volatility rate increased by 3.35%, as shares sank -10.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.98% lower at present.
During the last 5 trading sessions, CHTR fell by -4.66%, which changed the moving average for the period of 200-days by -19.44% in comparison to the 20-day moving average, which settled at $285.39. In addition, Charter Communications Inc. saw -32.37% 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 CHTR starting from Jacobson Craig A, who sale 918 shares at the price of $289.24 back on Feb 28 ’24. After this action, Jacobson Craig A now owns 9,331 shares of Charter Communications Inc., valued at $265,518 using the latest closing price.
Winfrey Christopher L, the President and CEO of Charter Communications Inc., purchase 5,050 shares at $295.29 during a trade that took place back on Feb 06 ’24, which means that Winfrey Christopher L is holding 57,703 shares at $1,491,214 based on the most recent closing price.
Stock Fundamentals for CHTR
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.46 for the gross margin
The net margin for Charter Communications Inc. stands at 0.08. The total capital return value is set at 0.07. Equity return is now at value 45.11, with 3.10 for asset returns.
Based on Charter Communications Inc. (CHTR), the company’s capital structure generated 0.9 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 8.82. The interest coverage ratio of the stock is -463.05.
Currently, EBITDA for the company is 20.64 billion with net debt to EBITDA at 7.19. When we switch over and look at the enterprise to sales, we see a ratio of 2.47. The receivables turnover for the company is 18.42for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.31.
Conclusion
To put it simply, Charter Communications Inc. (CHTR) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. 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.
