The trading price of Comcast Corporation (NASDAQ:CMCSA) floating higher at last check on Wednesday, June 22, closing at $38.86, 0.99% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $38.285 and $39.30. The company’s P/E ratio in the trailing 12-month period was 12.39, while its 5Y monthly beta was 0.97. In examining the 52-week price action we see that the stock hit a 52-week high of $61.80 and a 52-week low of $37.56. Over the past month, the stock has lost -8.42% in value.
Comcast Corporation, whose market valuation is $168.83 billion at the time of this writing, is expected to release its quarterly earnings report Jul 27, 2022 – Aug 01, 2022. The dividend yield on the company stock is 2.81%, while its Forward Dividend ratio is 1.08. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.92 per share this quarter, however they have predicted annual earnings per share of $3.61 for 2022 and $4.04 for 2023. It means analysts are expecting annual earnings per share growth of 11.80% this year and 11.90% next year.
Analysts have forecast the company to bring in revenue of $29.89 billion for the current quarter, with the likely lows of $29.38 billion and highs of $30.31 billion. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2022 is $122.67 billion. The company’s revenue is forecast to grow by 5.40% over what it did in 2022.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Comcast Corporation No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest CMCSA has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned CMCSA a recommendation rating is 36. Out of them, 12 rate it a Hold, while 19 recommend Buy, whereas 4 assign an Overweight rating. 0 analyst(s) have tagged Comcast Corporation (CMCSA) as Underweight, while 1 advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.92, which symbolizes a positive outlook. A quick review shows that CMCSA’s price is currently -7.44% off the SMA20 and -9.41% off the SMA50. The RSI metric on the 14-day chart is currently showing 34.36, and weekly volatility stands at 3.34%. When measured over the past 30 days, the indicator reaches 2.60%. Comcast Corporation (NASDAQ:CMCSA)’s beta value is currently sitting at 0.99, while the Average True Range indicator is currently displaying 1.15. With analysts defining $40.00-$70.00 as the low and high price targets, we arrive at a consensus price target of $54.37 for the trailing 12-month period. The current price is about -2.93% off the estimated low and -80.13% off the forecast high, based on this estimate. Investors will be thrilled if CMCSA’s share price rises to $54.50, which is the median consensus price. At that level, CMCSA’s share price would be -40.25% below current price.
To see how Comcast Corporation stock has been performing today in comparison to its peers in the industry, here are the numbers: CMCSA stock’s performance was 0.99% at last check in today’s session, and -32.82% in the past year, while Netflix Inc. (NFLX) has been trading 4.38% in recent session and positioned -65.61% lower than it was a year ago. Another comparable company The Walt Disney Company (DIS) saw its stock trading 0.48% higher in today’s session but was down -46.38% in a year. Furthermore, Charter Communications Inc. (CHTR) showed an increase of 1.65% today while its price kept declining at -37.04% over the past year. Comcast Corporation has a P/E ratio of 12.39, compared to Netflix Inc.’s 16.34 and The Walt Disney Company’s 63.08. Also during today’s trading, the S&P 500 Index has surged 0.75%, while the Dow Jones Industrial also saw a positive session, up 0.46% today.
An evaluation of the daily trading volume of Comcast Corporation (NASDAQ:CMCSA) indicates that the 3-month average is 23.85 million. However, this figure has increased over the past 10 days to an average of 27.94 million.
Currently, records show that 4.51 billion of the company’s shares remain outstanding. The insiders hold 0.10% of outstanding shares, whereas institutions hold 85.10%. The stats also highlight that short interest as of May 30, 2022, stood at 76.45 million shares, resulting in a short ratio of 2.89 at that time. From this, we can conclude that short interest is 1.71% of the company’s total outstanding shares. It is noteworthy that short shares in May were up slightly from the previous month’s figure, which was 65.33 million. However, since the stock’s price has seen -23.54% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.