Charter Communications Inc (NASDAQ:CHTR) shares, rose in value on Friday, December 13, with the stock price down by -2.23% to the previous day’s close as strong demand from buyers drove the stock to $379.78.
Actively observing the price movement in the last trading, the stock closed the session at $388.45, falling within a range of $376.01 and $385.13. The value of beta (5-year monthly) was 1.036 whereas the PE ratio was 11.89 over 12-month period. Referring to stock’s 52-week performance, its high was $415.27, and the low was $236.08. On the whole, CHTR has fluctuated by -6.51% over the past month.
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With the market capitalization of Charter Communications Inc currently standing at about $108.01 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 55.04B, with a low estimate of 13.68B and a high estimate of 14.07B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 13.89B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CHTR’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.24, with the price of CHTR currently trading nearly -2.30% and 4.01% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.75, while the 7-day volatility ratio is showing 4.84% which for the 30-day chart, stands at 2.76%. Furthermore, Charter Communications Inc (CHTR)’s beta value is 1.08, and its average true range (ATR) is 12.57.
A comparison of Charter Communications Inc (CHTR) with its peers suggests the former has fared considerably weaker in the market. CHTR showed an intraday change of -2.23% in last session, and over the past year, it grew by 0.11%%.
Data on historical trading for Charter Communications Inc (NASDAQ:CHTR) indicates that the trading volumes over the past 10 days have averaged 1.15 and over the past 3 months, they’ve averaged 1.31 million. According to company’s latest data on outstanding shares, there are 142.20 million shares outstanding.
Nearly 32.46% of Charter Communications Inc’s shares belong to company insiders and institutional investors own 73.70% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.46 million shares as on 2024-11-29, resulting in a short ratio of 7.61. According to the data, the short interest in Charter Communications Inc (CHTR) stood at 1196.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 12.45 million. The stock has fallen by -2.29% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CHTR stock heading into the next quarter.
