Charter Communications Inc. (NASDAQ: CHTR) kicked off on Tuesday, up 0.84% from the previous trading day, before settling in for the closing price of $324.57. Over the past 52 weeks, CHTR has traded in a range of $236.08-$458.30.
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Communication Services Sector giant saw their annual sales surged by 4.61% over the last five years. While this was happening, its average annual earnings per share was recorded 11.53%. With a float of $96.56 million, this company’s outstanding shares have now reached $145.23 million.
The firm has a total of 101100 workers. Let’s measure their productivity. In terms of profitability, gross margin is 46.2%, operating margin of 23.47%, and the pretax margin is 12.84%.
Charter Communications Inc. (CHTR) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Telecom Services Industry. The insider ownership of Charter Communications Inc. is 32.35%, while institutional ownership is 76.33%. The most recent insider transaction that took place on Feb 28 ’24, was worth 265,518. In this transaction Director of this company sold 918 shares at a rate of $289.24, taking the stock ownership to the 9,331 shares. Before that another transaction happened on Feb 06 ’24, when Company’s President and CEO bought 5,050 for $295.29, making the entire transaction worth $1,491,214. This insider now owns 57,703 shares in total.
Charter Communications Inc. (CHTR) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 8.25 earnings per share (EPS), higher than consensus estimate (set at 7.94) by 0.31. Wall Street market experts anticipate that the next fiscal year will bring earnings of 9.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 11.53% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.00% during the next five years compared to 41.86% growth over the previous five years of trading.
Charter Communications Inc. (NASDAQ: CHTR) Trading Performance Indicators
Take a look at Charter Communications Inc.’s (CHTR) current performance indicators. Last quarter, stock had a quick ratio of 0.39. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.85. Likewise, its price to free cash flow for the trailing twelve months is 13.73.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 31.36, a number that is poised to hit 8.71 in the next quarter and is forecasted to reach 34.84 in one year’s time.
Technical Analysis of Charter Communications Inc. (CHTR)
Analysing the last 5-days average volume posted by the [Charter Communications Inc., CHTR], we can find that recorded value of 0.98 million was lower than the volume posted last year of 1.4 million. As of the previous 9 days, the stock’s Stochastic %D was 57.69%. Additionally, its Average True Range was 9.48.
During the past 100 days, Charter Communications Inc.’s (CHTR) raw stochastic average was set at 50.94%, which indicates a significant increase from 41.23% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.04% in the past 14 days, which was lower than the 37.03% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $343.16, while its 200-day Moving Average is $313.07. Now, the first resistance to watch is $329.45. This is followed by the second major resistance level at $331.59. The third major resistance level sits at $335.38. If the price goes on to break the first support level at $323.52, it is likely to go to the next support level at $319.73. Should the price break the second support level, the third support level stands at $317.59.
Charter Communications Inc. (NASDAQ: CHTR) Key Stats
The company with the Market Capitalisation of 46.72 billion has total of 144,030K Shares Outstanding. Its annual sales at the moment are 54,607 M in contrast with the sum of 4,557 M annual income. Company’s last quarter sales were recorded 13,685 M and last quarter income was 1,231 M.
