Charter Communications Inc. (NASDAQ: CHTR) has experienced a rise in its stock price by 2.26 compared to its previous closing price of 312.97. However, the company has seen a fall of -2.25% in its stock price over the last five trading days. zacks.com reported 2024-07-19 that Charter (CHTR) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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 10.35x, Company’s 36-month beta value is 1.04.Analysts have differing opinions 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 97.63M, and currently, short sellers hold a 12.70% ratio of that floaft. The average trading volume of CHTR on July 24, 2024 was 1.25M shares.
CHTR’s Market Performance
CHTR’s stock has seen a -2.25% decrease for the week, with a 10.23% rise in the past month and a 20.73% gain in the past quarter. The volatility ratio for the week is 4.02%, and the volatility levels for the past 30 days are at 3.32% for Charter Communications Inc. The simple moving average for the past 20 days is 5.02% for CHTR’s stock, with a -3.39% simple moving average for the past 200 days.
Analysts’ Opinion of CHTR
Many brokerage firms have already submitted their reports for CHTR stocks, with Citigroup repeating the rating for CHTR by listing it as a “Sell.” The predicted price for CHTR in the upcoming period, according to Citigroup is $255 based on the research report published on July 03, 2024 of the current year 2024.
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 11.17% 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 -30.17% of loss for the given period.
Volatility was left at 3.32%, however, over the last 30 days, the volatility rate increased by 4.02%, as shares surge +11.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.26% upper at present.
During the last 5 trading sessions, CHTR fell by -2.25%, which changed the moving average for the period of 200-days by -26.06% in comparison to the 20-day moving average, which settled at $306.44. In addition, Charter Communications Inc. saw -17.66% 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 2.62. 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 a nutshell, Charter Communications Inc. (CHTR) has experienced a mixed performance in recent times. The stock has received mixed “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.
