Closing Strong: Comcast Corp (CMCSA) Ends at 39.14, Down -1.06 from Last Close

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After finishing at $39.56 in the prior trading day, Comcast Corp (NASDAQ: CMCSA) closed at $39.14, down -1.06%. In other words, the price has decreased by -$1.06 from its previous closing price. On the day, 12.52 million shares were traded. CMCSA stock price reached its highest trading level at $39.6 during the session, while it also had its lowest trading level at $39.06.

Ratios:

Our goal is to gain a better understanding of CMCSA by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 23.57 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.08. For the most recent quarter (mrq), Quick Ratio is recorded 0.59 and its Current Ratio is at 0.59. In the meantime, Its Debt-to-Equity ratio is 1.26 whereas as Long-Term Debt/Eq ratio is at 1.23.

On February 15, 2024, Redburn Atlantic Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $50 to $44.

Pivotal Research Group reiterated its Buy rating for the stock on December 13, 2023, while the target price for the stock was revised from $55 to $58.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 22 ’24 when COMCAST CORP sold 3,176,923 shares for $3.19 per share. The transaction valued at 10,145,821 led to the insider holds 2,000,000 shares of the business.

Cavanagh Michael J sold 114,749 shares of CMCSA for $5,290,193 on Jan 29 ’24. The President now owns 0 shares after completing the transaction at $46.10 per share. On Nov 20 ’23, another insider, Armstrong Jason, who serves as the CFO of the company, sold 41,663 shares for $42.63 each. As a result, the insider received 1,776,016 and left with 14,458 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CMCSA now has a Market Capitalization of 153570885632 and an Enterprise Value of 246019653632. As of this moment, Comcast’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.39, and their Forward P/E ratio for the next fiscal year is 8.65. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.20. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.26 while its Price-to-Book (P/B) ratio in mrq is 1.87. Its current Enterprise Value per Revenue stands at 2.018 whereas that against EBITDA is 6.546.

Stock Price History:

Over the past 52 weeks, CMCSA has reached a high of $47.46, while it has fallen to a 52-week low of $36.43. The 50-Day Moving Average of the stock is -1.49%, while the 200-Day Moving Average is calculated to be -8.01%.

Shares Statistics:

The stock has traded on average 20.98M shares per day over the past 3-months and 18184570 shares per day over the last 10 days, according to various share statistics. A total of 3.97B shares are outstanding, with a floating share count of 3.89B. Insiders hold about 0.95% of the company’s shares, while institutions hold 85.95% stake in the company. Shares short for CMCSA as of 1715731200 were 55361723 with a Short Ratio of 2.64, compared to 1713139200 on 53514621. Therefore, it implies a Short% of Shares Outstanding of 55361723 and a Short% of Float of 1.43.

Dividends & Splits

In the trailing 12 months, CMCSA’s forward annual dividend rate was 1.18, compared to 1.18 this year. Against a Trailing Annual Dividend Yield of 0.029828107The stock’s 5-year Average Dividend Yield is 2.28.

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