At the time of writing, Charter Communications Inc. [CHTR] stock is trading at $360.77, up 1.52%. 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 3.87% over the last week, with a monthly amount drifted -4.40%, and not 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 July 31, 2024, when Wolfe Research downgraded its rating to a Peer Perform. Previously, Raymond James downgraded its rating to Underperform on July 29, 2024. On July 03, 2024, downgrade downgraded it’s rating to Sell and revised its price target to $255 on the stock. Goldman started tracking the stock assigning a Sell rating and suggested a price target of $250 on July 01, 2024. Pivotal Research Group reiterated its recommendation of a Buy and reduced its price target to $400 on April 29, 2024. Bernstein upgraded its rating to Outperform for this stock on March 18, 2024, but kept the price target unchanged to $370. In a note dated February 20, 2024, Rosenblatt downgraded an Neutral rating on this stock.
For the past year, the stock price of Charter Communications Inc. fluctuated between $236.08 and $458.30. Currently, Wall Street analysts expect the stock to reach $531.8 within the next 12 months. Charter Communications Inc. [NASDAQ: CHTR] shares were valued at $360.77 at the most recent close of the market. An investor can expect a potential return of 47.41% based on the average CHTR price forecast.
Analyzing the CHTR fundamentals
According to Charter Communications Inc. [NASDAQ:CHTR], the company’s sales were 54.66B for trailing twelve months, which represents an 0.19% jump. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.4 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of7.51.
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 356.27 points at the first support level, and at 351.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 364.27, and for the 2nd resistance point, it is at 367.77.
Ratios To Look Out For
It is important to note that Charter Communications Inc. [NASDAQ:CHTR] has a current ratio of 0.39. In addition, the Quick Ratio stands at 0.39 and the Cash Ratio stands at 0.06. Considering the valuation of this stock, the price to sales ratio is 0.94, the price to book ratio is 4.00 and price to earnings (TTM) ratio is 11.50.
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 0.16 million shares on Nov 16 ’23.
