On Monday, Comcast Corp (NASDAQ: CMCSA) opened higher 0.43% from the last session, before settling in for the closing price of $41.66. Price fluctuations for CMCSA have ranged from $36.43 to $47.11 over the past 52 weeks.
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Annual sales at Communication Services sector company grew by 5.43% over the past five years. Company’s average yearly earnings per share was noted 5.61% at the time writing. With a float of $3.83 billion, this company’s outstanding shares have now reached $3.97 billion.
Let’s look at the performance matrix of the company that is accounted for 186000 employees. In terms of profitability, gross margin is 67.61%, operating margin of 19.32%, and the pretax margin is 16.34%.
Comcast Corp (CMCSA) Insider Updates
A key investor’s attitude towards the stock of the Telecom Services industry is another important factor to consider. The insider ownership of Comcast Corp is 0.97%, while institutional ownership is 85.15%. The most recent insider transaction that took place on May 22 ’24, was worth 10,145,821. In this transaction 10% Owner of this company sold 3,176,923 shares at a rate of $3.19, taking the stock ownership to the 2,000,000 shares. Before that another transaction happened on Jan 29 ’24, when Company’s President sold 114,749 for $46.10, making the entire transaction worth $5,290,193. This insider now owns 0 shares in total.
Comcast Corp (CMCSA) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 1.08 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.95) by 0.13. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.9 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 5.61% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.32% during the next five years compared to 7.96% growth over the previous five years of trading.
Comcast Corp (NASDAQ: CMCSA) Trading Performance Indicators
Check out the current performance indicators for Comcast Corp (CMCSA). In the past quarter, the stock posted a quick ratio of 0.66. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.34. Likewise, its price to free cash flow for the trailing twelve months is 11.04.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.75, a number that is poised to hit 1.06 in the next quarter and is forecasted to reach 4.42 in one year’s time.
Technical Analysis of Comcast Corp (CMCSA)
Comcast Corp (NASDAQ: CMCSA) saw its 5-day average volume 18.0 million, a negative change from its year-to-date volume of 19.54 million. As of the previous 9 days, the stock’s Stochastic %D was 54.62%. Additionally, its Average True Range was 0.83.
During the past 100 days, Comcast Corp’s (CMCSA) raw stochastic average was set at 84.70%, which indicates a significant increase from 59.82% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.36% in the past 14 days, which was lower than the 20.86% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $40.57, while its 200-day Moving Average is $40.53. Nevertheless, the first resistance level for the watch stands at $41.99 in the near term. At $42.15, the stock is likely to face the second major resistance level. The third major resistance level sits at $42.33. If the price goes on to break the first support level at $41.65, it is likely to go to the next support level at $41.47. Assuming the price breaks the second support level, the third support level stands at $41.31.
Comcast Corp (NASDAQ: CMCSA) Key Stats
There are currently 3,923,626K shares outstanding in the company with a market cap of 162.03 billion. Presently, the company’s annual sales total 121,572 M according to its annual income of 15,389 M. Last quarter, the company’s sales amounted to 29,688 M and its income totaled 3,928 M.
