The stock of Comcast Corp (CMCSA) has gone down by -1.49% for the week, with a -2.57% drop in the past month and a -2.01% drop in the past quarter. The volatility ratio for the week is 1.29%, and the volatility levels for the past 30 days are 1.89% for CMCSA. The simple moving average for the past 20 days is -0.71% for CMCSA’s stock, with a -4.35% simple moving average for the past 200 days.
Is It Worth Investing in Comcast Corp (NASDAQ: CMCSA) Right Now?
Comcast Corp (NASDAQ: CMCSA) has a price-to-earnings ratio of 10.45x that is above its average ratio. Additionally, the 36-month beta value for CMCSA is 1.01. There are mixed opinions on the stock, with 18 analysts rating it as a “buy,” 12 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CMCSA is 3.83B and currently, short sellers hold a 1.39% ratio of that float. The average trading volume of CMCSA on August 30, 2024 was 18.96M shares.
CMCSA) stock’s latest price update
Comcast Corp (NASDAQ: CMCSA)’s stock price has dropped by -0.60 in relation to previous closing price of 39.46. Nevertheless, the company has seen a loss of -1.49% in its stock price over the last five trading days. zacks.com reported 2024-08-30 that The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock’s price.
Analysts’ Opinion of CMCSA
Many brokerage firms have already submitted their reports for CMCSA stocks, with Pivotal Research Group repeating the rating for CMCSA by listing it as a “Buy.” The predicted price for CMCSA in the upcoming period, according to Pivotal Research Group is $47 based on the research report published on July 24, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see CMCSA reach a price target of $44. The rating they have provided for CMCSA stocks is “Buy” according to the report published on June 25th, 2024.
CMCSA Trading at 0.27% 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 -17.07% of loss for the given period.
Volatility was left at 1.89%, however, over the last 30 days, the volatility rate increased by 1.29%, as shares sank -1.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.61% upper at present.
During the last 5 trading sessions, CMCSA fell by -1.52%, which changed the moving average for the period of 200-days by -5.48% in comparison to the 20-day moving average, which settled at $39.47. In addition, Comcast Corp saw -10.55% 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 COMCAST CORP, who sale 3,176,923 shares at the price of $3.19 back on May 22 ’24. After this action, COMCAST CORP now owns 2,000,000 shares of Comcast Corp, valued at $10,145,821 using the latest closing price.
Cavanagh Michael J, the President of Comcast Corp, sale 114,749 shares at $46.10 during a trade that took place back on Jan 29 ’24, which means that Cavanagh Michael J is holding 0 shares at $5,290,193 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
- 0.68 for the gross margin
The net margin for Comcast Corp stands at 0.12. The total capital return value is set at 0.1. Equity return is now at value 18.04, with 5.75 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 0.27. The debt to equity ratio resting at 1.18. The interest coverage ratio of the stock is 11.39.
Currently, EBITDA for the company is 39.03 billion with net debt to EBITDA at 2.58. When we switch over and look at the enterprise to sales, we see a ratio of 2.07. The receivables turnover for the company is 9.2for 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 0.66.
Conclusion
In conclusion, Comcast Corp (CMCSA) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
