Charter Communications Inc. [NASDAQ: CHTR] stock went on a downward path that fall over -4.26% on Thursday, amounting to a one-week price decrease of less than -11.09%. The company report on April 27, 2022 that Charter and Comcast Announce Joint Venture to Develop and Nationally Offer a Next Generation Streaming Platform.
The Partnership Will Further Develop and Offer the Flex Streaming Platform that Includes a World-Class User Interface and Voice Search, and will be Available on 4K Streaming Devices and Smart TVs through Nationwide Retailers, Charter and Comcast.
Joint Venture Provides App Developers, Retailers, Hardware Manufacturers New Opportunities to Reach Customers through a National Unified Experience.
Over the last 12 months, CHTR stock dropped by -31.12%. The one-year Charter Communications Inc. stock forecast points to a potential upside of 34.46. The average equity rating for CHTR stock is currently 2.50, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $83.55 billion, with 175.53 million shares outstanding and 116.23 million shares in the current float. Compared to the average trading volume of 1.61M shares, CHTR stock reached a trading volume of 3207965 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Charter Communications Inc. [CHTR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CHTR shares is $704.11 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CHTR stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Rosenblatt have made an estimate for Charter Communications Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 19, 2022. While these analysts kept the previous recommendation, Truist dropped their target price from $830 to $600. The new note on the price target was released on March 01, 2022, representing the official price target for Charter Communications Inc. stock. Previously, the target price had yet another drop from $770 to $690, while RBC Capital Mkts kept a Outperform rating on CHTR stock.
The Average True Range (ATR) for Charter Communications Inc. is set at 18.76, with the Price to Sales ratio for CHTR stock in the period of the last 12 months amounting to 1.62. The Price to Book ratio for the last quarter was 5.77, with the Price to Cash per share for the same quarter was set at 3.32. Price to Free Cash Flow for CHTR in the course of the last twelve months was 9.71 with Quick ratio for the last quarter at 0.30.
CHTR Stock Performance Analysis:
Charter Communications Inc. [CHTR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.09. With this latest performance, CHTR shares dropped by -19.37% in over the last four-week period, additionally sinking by -35.41% over the last 6 months – not to mention a drop of -31.12% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CHTR stock in for the last two-week period is set at 24.77, with the RSI for the last a single of trading hit 19.40, and the three-weeks RSI is set at 28.52 for Charter Communications Inc. [CHTR]. The present Moving Average for the last 50 days of trading for this stock 558.61, while it was recorded at 489.76 for the last single week of trading, and 660.85 for the last 200 days.
Insight into Charter Communications Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Charter Communications Inc. [CHTR] shares currently have an operating margin of +21.00 and a Gross Margin at +39.87. Charter Communications Inc.’s Net Margin is presently recorded at +9.01.
Return on Equity for this stock inclined to 24.59, with Return on Assets sitting at 3.22.
Charter Communications Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 0.30.
CHTR Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CHTR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Charter Communications Inc. go to 32.44%.
Charter Communications Inc. [CHTR] Insider Position Details
There are presently around $55,632 million, or 71.10% of CHTR stock, in the hands of institutional investors. The top three institutional holders of CHTR stocks are: TCI FUND MANAGEMENT LTD with ownership of 9,800,605, which is approximately -5.391% of the company’s market cap and around 11.10% of the total institutional ownership; CAPITAL INTERNATIONAL INVESTORS, holding 9,222,156 shares of the stock with an approximate value of $4.26 billion in CHTR stocks shares; and VANGUARD GROUP INC, currently with $4.24 billion in CHTR stock with ownership of nearly -2.554% of the company’s market capitalization.
Positions in Charter Communications Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 465 institutional holders increased their position in Charter Communications Inc. [NASDAQ:CHTR] by around 6,222,730 shares. Additionally, 488 investors decreased positions by around 10,729,960 shares, while 186 investors held positions by with 103,596,474 shares. The mentioned changes placed institutional holdings at 120,549,164 shares, according to the latest SEC report filing. CHTR stock had 136 new institutional investments in for a total of 816,642 shares, while 108 institutional investors sold positions of 675,886 shares during the same period.