A share price of Charter Communications Inc. [CHTR] is currently trading at $272.78, up 1.78%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CHTR shares have gain 5.04% over the last week, with a monthly amount glided 0.49%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Charter Communications Inc. [NASDAQ: CHTR] stock has seen the most recent analyst activity on April 29, 2024, when Pivotal Research Group reiterated its Buy rating and also revised its price target to $400 from $450. Previously, Bernstein upgraded its rating to Outperform on March 18, 2024, and kept the price target unchanged to $370. On February 20, 2024, downgrade downgraded it’s rating to Neutral. Pivotal Research Group reiterated its Buy rating and decreased its price target to $450 on February 05, 2024. Wells Fargo downgraded its rating to a Equal Weight and reduced its price target to $340 on February 05, 2024. JP Morgan downgraded its rating to Neutral for this stock on February 05, 2024, and downed its price target to $370. In a note dated October 06, 2023, Bernstein initiated an Mkt Perform rating and provided a target price of $463 on this stock.
Charter Communications Inc. experienced fluctuations in its stock price throughout the past year between $236.08 and $458.30. Currently, Wall Street analysts expect the stock to reach $561.33 within the next 12 months. Charter Communications Inc. [NASDAQ: CHTR] shares were valued at $272.78 at the most recent close of the market. An investor can expect a potential return of 105.78% based on the average CHTR price forecast.
Analyzing the CHTR fundamentals
Trailing Twelve Months sales for Charter Communications Inc. [NASDAQ:CHTR] were 54.63B which represents 0.19% growth. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.42 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 8.25.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 264.13 points at the first support level, and at 255.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 283.06, and for the 2nd resistance point, it is at 293.34.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Charter Communications Inc. [NASDAQ:CHTR] is 0.40. In addition, the Quick Ratio stands at 0.40 and the Cash Ratio stands at 0.06. Considering the valuation of this stock, the price to sales ratio is 0.72, the price to book ratio is 3.31 and price to earnings (TTM) ratio is 8.82.
Transactions by insiders
Recent insider trading involved Jacobson Craig A, Director, that happened on Feb 28 ’24 when 918.0 shares were sold. President and CEO, Winfrey Christopher L completed a deal on Feb 06 ’24 to buy 5050.0 shares. Meanwhile, Executive Chairman Rutledge Thomas sold 83970.0 shares on Nov 17 ’23.
