Comcast Corp (NASDAQ:CMCSA) shares, rose in value on Friday, January 03, with the stock price up by 0.64% to the previous day’s close as strong demand from buyers drove the stock to $37.66.
Actively observing the price movement in the recent trading, the stock is buoying the session at $37.42, falling within a range of $37.37 and $37.74. The value of beta (5-year monthly) is 1.004 whereas the PE ratio is 10.15 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 -12.13% over the past month.
With the market capitalization of Comcast Corp currently standing at about $144.11 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.22, with its dividend yield at 3.24%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 123.44B, 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 31.63B.
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 100% Sell 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 1.37, with the price of CMCSA currently trading nearly -3.20% and -8.98% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.20, while the 7-day volatility ratio is showing 1.50% which for the 30-day chart, stands at 2.21%. Furthermore, Comcast Corp (CMCSA)’s beta value is 1.01, and its average true range (ATR) is 0.78.
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 0.64% in today’s session so far, and over the past year, it shrunk by -13.05%%.
Data on historical trading for Comcast Corp (NASDAQ:CMCSA) indicates that the trading volumes over the past 10 days have averaged 22.19 and over the past 3 months, they’ve averaged 19.04 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 84.46% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 49.99 million shares as on 2024-12-13, resulting in a short ratio of 2.58. According to the data, the short interest in Comcast Corp (CMCSA) stood at 132.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 57.85 million. The stock has risen by 0.35% 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.
