Charter Communications Inc (NASDAQ: CHTR) has experienced a decline in its stock price by -1.36 compared to its previous closing price of 389.12. However, the company has seen a fall of -2.64% in its stock price over the last five trading days. businesswire.com reported 2024-11-14 that NEW ORLEANS–(BUSINESS WIRE)–Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Liberty Broadband Corporation (NasdaqGS: LBRDA, LBRDK, LBRDP) to Charter Communications, Inc. (NasdaqGS: CHTR). Under the terms of the proposed transaction, shareholders of Liberty will receive 0.236 of a share of Charter common stock for each share of Liberty that they own. KSF is seeking to determine whether.
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 12.02x compared to its average ratio, The 36-month beta value for CHTR is at 1.06. Analysts have varying views on the stock, with 12 analysts rating it as a “buy,” 5 rating it as “overweight,” 12 as “hold,” and 2 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for CHTR is 96.20M, and currently, shorts hold a 12.94% of that float. The average trading volume for CHTR on November 22, 2024 was 1.28M shares.
CHTR’s Market Performance
CHTR stock saw an increase of -2.64% in the past week, with a monthly gain of 15.54% and a quarterly increase of 10.07%. The volatility ratio for the week is 1.99%, and the volatility levels for the last 30 days are 3.18% for Charter Communications Inc (CHTR).. The simple moving average for the past 20 days is 2.46% for CHTR’s stock, with a 23.20% simple moving average for the past 200 days.
Analysts’ Opinion of CHTR
Many brokerage firms have already submitted their reports for CHTR stocks, with BofA Securities repeating the rating for CHTR by listing it as a “Buy.” The predicted price for CHTR in the upcoming period, according to BofA Securities is $450 based on the research report published on November 04, 2024 of the current year 2024.
Pivotal Research Group, on the other hand, stated in their research note that they expect to see CHTR reach a price target of $525, previously predicting the price at $435. The rating they have provided for CHTR stocks is “Buy” according to the report published on November 04th, 2024.
Wolfe Research gave a rating of “Underperform” to CHTR, setting the target price at $300 in the report published on September 30th of the current year.
CHTR Trading at 10.57% 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 -7.57% of loss for the given period.
Volatility was left at 3.18%, however, over the last 30 days, the volatility rate increased by 1.99%, as shares surge +15.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.22% upper at present.
During the last 5 trading sessions, CHTR fell by -2.64%, which changed the moving average for the period of 200-days by +35.31% in comparison to the 20-day moving average, which settled at $374.61. In addition, Charter Communications Inc saw -1.25% 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 Rutledge Thomas, who proposed sale 15,000 shares at the price of $400.00 back on Nov 14 ’24. After this action, Rutledge Thomas now owns shares of Charter Communications Inc, valued at $6,000,000 using the latest closing price.
Jacobson Craig A, the Director of Charter Communications Inc, sale 918 shares at $289.24 during a trade that took place back on Feb 28 ’24, which means that Jacobson Craig A is holding 9,331 shares at $265,518 based on the most recent closing price.
Stock Fundamentals for CHTR
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 0.46 for the gross margin
The net margin for Charter Communications Inc stands at 0.09. The total capital return value is set at 0.1. Equity return is now at value 37.11, with 3.16 for asset returns.
Based on Charter Communications Inc (CHTR), the company’s capital structure generated 0.87 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 6.76. The interest coverage ratio of the stock is 2.47.
Currently, EBITDA for the company is 20.99 billion with net debt to EBITDA at 4.43. When we switch over and look at the enterprise to sales, we see a ratio of 2.72. The receivables turnover for the company is 17.89for 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 0.34.
Conclusion
In conclusion, Charter Communications Inc (CHTR) has had a mixed performance lately. Opinion on the stock among analysts is bearish, with some giving it a “sell” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
