Comcast Corp (NASDAQ:CMCSA) shares, rose in value, with the stock price down by -1.11% to the previous day’s close as strong demand from buyers drove the stock to $39.79.
Actively observing the price movement in the recent trading, the stock is buoying the session at $40.24, falling within a range of $39.7 and $40.2. The value of beta (5-year monthly) is 1.004 whereas the PE ratio is 10.72 over 12-month period. Referring to stock’s 52-week performance, its high was $47.11, and the low was $36.43. On the whole, CMCSA has fluctuated by -9.37% over the past month.
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With the market capitalization of Comcast Corp currently standing at about $152.27 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 1.22, with its dividend yield at 3.07%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 123.46B, with a low estimate of 31.07B and a high estimate of 32.09B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 31.64B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CMCSA’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.30, with the price of CMCSA currently trading nearly -5.56% and -5.88% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.55, while the 7-day volatility ratio is showing 3.70% which for the 30-day chart, stands at 2.22%. Furthermore, Comcast Corp (CMCSA)’s beta value is 1.00, and its average true range (ATR) is 0.96.
A comparison of Comcast Corp (CMCSA) with its peers suggests the former has fared considerably weaker in the market. CMCSA showed an intraday change of -1.11% in today’s session so far, and over the past year, it shrunk by -8.88%%.
Data on historical trading for Comcast Corp (NASDAQ:CMCSA) indicates that the trading volumes over the past 10 days have averaged 20.43 and over the past 3 months, they’ve averaged 19.00 million. According to company’s latest data on outstanding shares, there are 3.82 billion shares outstanding.
Nearly 0.94% of Comcast Corp’s shares belong to company insiders and institutional investors own 84.48% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 55.18 million shares as on 2024-11-29, resulting in a short ratio of 2.78. According to the data, the short interest in Comcast Corp (CMCSA) stood at 146.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 61.28 million. The stock has fallen by -9.25% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CMCSA stock heading into the next quarter.
