Charter Communications Inc. (CHTR) Shares Soar Above 1-Year High

Charter Communications Inc. (NASDAQ: CHTR) has experienced a rise in its stock price by 4.82 compared to its previous closing price of 268.00. However, the company has seen a gain of 8.17% in its stock price over the last five trading days. Deadline reported 2024-04-30 that Paramount Global, which is in the midst of corporate upheaval on a number of fronts, got a slight reprieve in one key area, extending carriage negotiations with Charter Communications.

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 9.09x. The 36-month beta value for CHTR is also noteworthy at 1.02. There are mixed opinions on the stock, with 12 analysts rating it as a “buy,” 5 rating it as “overweight,” 9 rating it as “hold,” and 0 rating it as “sell.”

The public float for CHTR is 97.71M, and at present, short sellers hold a 12.50% of that float. The average trading volume of CHTR on May 08, 2024 was 1.53M shares.

CHTR’s Market Performance

The stock of Charter Communications Inc. (CHTR) has seen a 8.17% increase in the past week, with a 3.49% rise in the past month, and a -0.97% fall in the past quarter. The volatility ratio for the week is 2.59%, and the volatility levels for the past 30 days are at 2.89% for CHTR. The simple moving average for the past 20 days is 7.22% for CHTR’s stock, with a -23.39% simple moving average for the past 200 days.

Analysts’ Opinion of CHTR

Many brokerage firms have already submitted their reports for CHTR stocks, with Pivotal Research Group repeating the rating for CHTR by listing it as a “Buy.” The predicted price for CHTR in the upcoming period, according to Pivotal Research Group is $400 based on the research report published on April 29, 2024 of the current year 2024.

Bernstein, on the other hand, stated in their research note that they expect to see CHTR reach a price target of $370. The rating they have provided for CHTR stocks is “Outperform” according to the report published on March 18th, 2024.

CHTR Trading at 1.45% 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 -38.70% of loss for the given period.

Volatility was left at 2.89%, however, over the last 30 days, the volatility rate increased by 2.59%, as shares surge +6.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.43% lower at present.

During the last 5 trading sessions, CHTR rose by +7.84%, which changed the moving average for the period of 200-days by -29.89% in comparison to the 20-day moving average, which settled at $262.86. In addition, Charter Communications Inc. saw -27.72% 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 43.60, with 3.17 for asset returns.

Based on Charter Communications Inc. (CHTR), the company’s capital structure generated 0.89 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 8.25. The interest coverage ratio of the stock is 304.13.

Currently, EBITDA for the company is 20.64 billion with net debt to EBITDA at 7.08. When we switch over and look at the enterprise to sales, we see a ratio of 2.52. The receivables turnover for the company is 18.19for 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 0.40.

Conclusion

In summary, Charter Communications Inc. (CHTR) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.

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