A new trading day began on Friday, with Comcast Corp (NASDAQ: CMCSA) stock price up 1.48% from the previous day of trading, before settling in for the closing price of $42.56. CMCSA’s price has ranged from $36.43 to $47.11 over the past 52 weeks.
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A company in the Communication Services sector has jumped its sales by 5.43% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 6.19%. With a float of $3.79 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 and Institutional Ownership
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 0.94%, while institutional ownership is 84.47%. The most recent insider transaction that took place on Nov 27 ’24, was worth 10,061,170. In this transaction Chairman of Board & CEO of this company sold 235,051 shares at a rate of $42.80, taking the stock ownership to the 6,434,877 shares. Before that another transaction happened on Nov 26 ’24, when Company’s Chairman of Board & CEO sold 234,464 for $42.66, making the entire transaction worth $10,002,633. This insider now owns 6,669,928 shares in total.
Comcast Corp (CMCSA) Latest Financial update
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.84 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 6.19% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.26% 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 0.72. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.36. Likewise, its price to free cash flow for the trailing twelve months is 12.04.
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 4.40 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 15.67 million. That was inferior than the volume of 19.57 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 38.24%. Additionally, its Average True Range was 0.89.
During the past 100 days, Comcast Corp’s (CMCSA) raw stochastic average was set at 74.60%, which indicates a significant increase from 45.45% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.93% in the past 14 days, which was lower than the 23.17% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $42.24, while its 200-day Moving Average is $40.46. However, in the short run, Comcast Corp’s stock first resistance to watch stands at $43.50. Second resistance stands at $43.81. The third major resistance level sits at $44.35. If the price goes on to break the first support level at $42.65, it is likely to go to the next support level at $42.11. The third support level lies at $41.80 if the price breaches the second support level.
Comcast Corp (NASDAQ: CMCSA) Key Stats
With a market capitalization of 167.71 billion, the company has a total of 3,826,540K Shares Outstanding. Currently, annual sales are 121,572 M while annual income is 15,389 M. The company’s previous quarter sales were 32,070 M while its latest quarter income was 3,629 M.
