Charter Communications Inc. (NASDAQ: CHTR) kicked off on Friday, down -0.59% from the previous trading day, before settling in for the closing price of $327.53. Over the past 52 weeks, CHTR has traded in a range of $236.08-$454.87.
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It was noted that within the last five years, the titan of the Communication Services sector saw sales topped by 4.61%. While this was happening, its average annual earnings per share was recorded 11.38%. With a float of $96.57 million, this company’s outstanding shares have now reached $145.23 million.
The extent of productivity of a business whose workforce counts for 101100 workers is very important to gauge. 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 Updates
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 32.34%, while institutional ownership is 76.14%. 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) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 11.38% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.07% 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 13.66.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 31.36, a number that is poised to hit 8.66 in the next quarter and is forecasted to reach 34.75 in one year’s time.
Technical Analysis of Charter Communications Inc. (CHTR)
The latest stats from [Charter Communications Inc., CHTR] show that its last 5-days average volume of 0.74 million was inferior to 1.37 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 36.53%. Additionally, its Average True Range was 8.75.
During the past 100 days, Charter Communications Inc.’s (CHTR) raw stochastic average was set at 48.65%, which indicates a significant increase from 31.10% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.33% in the past 14 days, which was lower than the 37.02% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $336.86, while its 200-day Moving Average is $310.72. Now, the first resistance to watch is $328.69. This is followed by the second major resistance level at $331.78. The third major resistance level sits at $334.02. If the price goes on to break the first support level at $323.36, it is likely to go to the next support level at $321.12. Assuming the price breaks the second support level, the third support level stands at $318.03.
Charter Communications Inc. (NASDAQ: CHTR) Key Stats
The company with the Market Capitalisation of 46.48 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.
