A new trading day began on Friday, with Comcast Corp (NASDAQ: CMCSA) stock price down -1.92% from the previous day of trading, before settling in for the closing price of $40.14. CMCSA’s price has ranged from $36.38 to $47.46 over the past 52 weeks.
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Communication Services Sector giant saw their annual sales surged by 5.43% over the last five years. Meanwhile, its annual earnings per share averaged 6.92%. With a float of $3.93 billion, this company’s outstanding shares have now reached $3.97 billion.
The firm has a total of 186000 workers. Let’s measure their productivity.
Comcast Corp (CMCSA) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Telecom Services Industry. The insider ownership of Comcast Corp is 1.00%, while institutional ownership is 85.71%. The most recent insider transaction that took place on Jan 29 ’24, was worth 5,290,193. In this transaction President of this company sold 114,749 shares at a rate of $46.10, taking the stock ownership to the 0 shares. Before that another transaction happened on Nov 20 ’23, when Company’s CFO sold 41,663 for $42.63, making the entire transaction worth $1,776,016. This insider now owns 14,458 shares in total.
Comcast Corp (CMCSA) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 23.17 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 6.92% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.04% during the next five years compared to 7.96% growth over the previous five years of trading.
Comcast Corp (NASDAQ: CMCSA) Trading Performance Indicators
Here are Comcast Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.29. Likewise, its price to free cash flow for the trailing twelve months is 9.62.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.71, a number that is poised to hit 0.99 in the next quarter and is forecasted to reach 4.59 in one year’s time.
Technical Analysis of Comcast Corp (CMCSA)
Analysing the last 5-days average volume posted by the [Comcast Corp, CMCSA], we can find that recorded value of 26.22 million was better than the volume posted last year of 20.7 million. As of the previous 9 days, the stock’s Stochastic %D was 10.96%. Additionally, its Average True Range was 0.77.
During the past 100 days, Comcast Corp’s (CMCSA) raw stochastic average was set at 1.78%, which indicates a significant decrease from 3.21% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.06% in the past 14 days, which was lower than the 20.43% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $42.33, while its 200-day Moving Average is $43.39. Now, the first resistance to watch is $39.80. This is followed by the second major resistance level at $40.24. The third major resistance level sits at $40.52. If the price goes on to break the first support level at $39.08, it is likely to go to the next support level at $38.80. Should the price break the second support level, the third support level stands at $38.36.
Comcast Corp (NASDAQ: CMCSA) Key Stats
With a market capitalization of 156.37 billion, the company has a total of 3,971,857K Shares Outstanding. Currently, annual sales are 121,572 M while annual income is 15,389 M. The company’s previous quarter sales were 31,253 M while its latest quarter income was 3,261 M.
