Comcast Corp (NASDAQ: CMCSA)’s stock price has decreased by -0.40 compared to its previous closing price of 40.27. However, the company has seen a 1.42% increase in its stock price over the last five trading sessions. zacks.com reported 2024-09-19 that Comcast (CMCSA) reachead $40.27 at the closing of the latest trading day, reflecting a +1.13% change compared to its last close.
Is It Worth Investing in Comcast Corp (NASDAQ: CMCSA) Right Now?
The price-to-earnings ratio for Comcast Corp (NASDAQ: CMCSA) is above average at 10.69x. The 36-month beta value for CMCSA is also noteworthy at 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 at present, short sellers hold a 1.35% of that float. The average trading volume of CMCSA on September 23, 2024 was 18.76M shares.
CMCSA’s Market Performance
CMCSA’s stock has seen a 1.42% increase for the week, with a 0.43% rise in the past month and a 4.24% gain in the past quarter. The volatility ratio for the week is 2.39%, and the volatility levels for the past 30 days are at 2.12% for Comcast Corp The simple moving average for the last 20 days is 1.37% for CMCSA stock, with a simple moving average of -1.72% for the last 200 days.
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 1.55% 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 -14.86% of loss for the given period.
Volatility was left at 2.12%, however, over the last 30 days, the volatility rate increased by 2.39%, as shares surge +1.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.25% upper at present.
During the last 5 trading sessions, CMCSA rose by +1.42%, which changed the moving average for the period of 200-days by -6.89% in comparison to the 20-day moving average, which settled at $39.60. In addition, Comcast Corp saw -8.53% 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 5.7.
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 2.1. 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 summary, Comcast Corp (CMCSA) has had a mixed performance as of late. Analysts have bullish 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.
