At the time of writing, Charter Communications Inc. [CHTR] stock is trading at $339.03, up 3.55%. 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 2.49% over the last week, with a monthly amount drifted -5.03%, 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 September 11, 2024, when Citigroup upgraded its rating to a Neutral but kept the price target unchanged to $350 for it. Previously, Wolfe Research downgraded its rating to Peer Perform on July 31, 2024. On July 29, 2024, downgrade downgraded it’s rating to Underperform. Citigroup downgraded its rating to a Sell and decreased its price target to $255 on July 03, 2024. Goldman initiated its recommendation with a Sell and recommended $250 as its price target on July 01, 2024. Pivotal Research Group reiterated a Buy rating for this stock on April 29, 2024, and downed its price target to $400. In a note dated March 18, 2024, Bernstein upgraded an Outperform rating on this stock but restated the target price of $370.
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 $520.08 within the next 12 months. Charter Communications Inc. [NASDAQ: CHTR] shares were valued at $339.03 at the most recent close of the market. An investor can expect a potential return of 53.4% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 7.51.
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 331.38 points at the first support level, and at 323.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 342.93, and for the 2nd resistance point, it is at 346.84.
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 0.89, the price to book ratio is 3.76 and price to earnings (TTM) ratio is 10.81.
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.
