Charter Communications Inc. (NASDAQ: CHTR)’s stock price has plunge by -0.76relation to previous closing price of 303.50. Nevertheless, the company has seen a 3.30% surge in its stock price over the last five trading sessions. benzinga.com reported 2024-07-03 that Citigroup analyst Michael Rollins downgraded Charter Communications Inc CHTR from Neutral to Sell and lowered the price target from $280 to $255. The stock fell on Wednesday.
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 9.74x compared to its average ratio. CHTR has 36-month beta value of 1.04. 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.”
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The public float for CHTR is 97.49M, and currently, short sellers hold a 12.06% ratio of that float. The average trading volume of CHTR on July 04, 2024 was 1.24M shares.
CHTR’s Market Performance
CHTR’s stock has seen a 3.30% increase for the week, with a 5.23% rise in the past month and a 9.25% gain in the past quarter. The volatility ratio for the week is 2.92%, and the volatility levels for the past 30 days are at 2.70% for Charter Communications Inc. The simple moving average for the past 20 days is 5.83% for CHTR’s stock, with a -11.37% simple moving average for the past 200 days.
Analysts’ Opinion of CHTR
Goldman, on the other hand, stated in their research note that they expect to see CHTR reach a price target of $250. The rating they have provided for CHTR stocks is “Sell” according to the report published on July 01st, 2024.
Pivotal Research Group gave a rating of “Buy” to CHTR, setting the target price at $400 in the report published on April 29th of the current year.
CHTR Trading at 9.25% 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 -34.28% of loss for the given period.
Volatility was left at 2.70%, however, over the last 30 days, the volatility rate increased by 2.92%, as shares surge +7.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.64% upper at present.
During the last 5 trading sessions, CHTR rose by +3.31%, which changed the moving average for the period of 200-days by -32.75% in comparison to the 20-day moving average, which settled at $285.63. In addition, Charter Communications Inc. saw -22.51% 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 2.58. 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
To put it simply, Charter Communications Inc. (CHTR) has had a mixed 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.
