Comcast Corp (NASDAQ: CMCSA) on Monday, plunged -2.36% from the previous trading day, before settling in for the closing price of $43.56. Within the past 52 weeks, CMCSA’s price has moved between $36.43 and $47.11.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
A company in the Communication Services sector has jumped its sales by 5.43% annually for the last half of the decade. The company achieved an average annual earnings per share of 6.07%. With a float of $3.83 billion, this company’s outstanding shares have now reached $3.97 billion.
In an organization with 186000 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 63.7%, operating margin of 18.52%, and the pretax margin is 15.55%.
Comcast Corp (CMCSA) Insider Updates
Observing investor behavior towards Telecom Services industry stocks is more important than anything else. The insider ownership of Comcast Corp is 0.97%, while institutional ownership is 85.00%. 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
According to the Wall Street analysts, stocks earnings will be around 6.07% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.88% during the next five years compared to 7.96% growth over the previous five years of trading.
Comcast Corp (NASDAQ: CMCSA) Trading Performance Indicators
Comcast Corp (CMCSA) is currently performing well based on its current performance indicators. A quick ratio of 0.72 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.33. Likewise, its price to free cash flow for the trailing twelve months is 11.80.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.71, a number that is poised to hit 0.87 in the next quarter and is forecasted to reach 4.41 in one year’s time.
Technical Analysis of Comcast Corp (CMCSA)
Let’s dig in a bit further. During the last 5-days, its volume was 26.13 million. That was better than the volume of 19.69 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 53.76%. Additionally, its Average True Range was 1.01.
During the past 100 days, Comcast Corp’s (CMCSA) raw stochastic average was set at 67.67%, which indicates a significant increase from 42.68% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.37% in the past 14 days, which was higher than the 21.63% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $40.86, while its 200-day Moving Average is $40.53. However, in the short run, Comcast Corp’s stock first resistance to watch stands at $43.37. Second resistance stands at $44.20. The third major resistance level sits at $44.64. If the price goes on to break the first support level at $42.09, it is likely to go to the next support level at $41.65. Assuming the price breaks the second support level, the third support level stands at $40.82.
Comcast Corp (NASDAQ: CMCSA) Key Stats
Market capitalization of the company is 164.28 billion based on 3,872,501K outstanding shares. Right now, sales total 121,572 M and income totals 15,389 M. The company made 29,688 M in profit during its latest quarter, and 3,928 M in sales during its previous quarter.
