Charter Communications Inc. (NASDAQ:CHTR) previous close was $651.72 while the outstanding shares total 205.78M. The firm has a beta of 1.04, a 12-month trailing P/E ratio of 61.95, and a growth ratio of 1.24. CHTR’s shares traded lower over the last trading session, losing -0.27% on 10/13/20. The shares fell to a low of $646.49 before closing at $649.95. Intraday shares traded counted 0.96 million, which was -4.45% lower than its 30-day average trading volume of 922.89K. The stock’s Relative Strength Index (RSI) is 62.26, with weekly volatility at 1.92% and ATR at 15.90. The CHTR stock’s 52-week price range has touched low of $345.67 and a $663.70 high.
Investors have identified the Entertainment company Charter Communications Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $131.80 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Charter Communications Inc. (CHTR) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For CHTR, the company has in raw cash 2.1 billion on their books with 706.0 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 4765000000 million total, with 9142000000 million as their total liabilities.
CHTR were able to record 3.41 billion as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by -1.45 billion. In cash movements, the company had a total of 6.75 billion as operating cash flow.
Potential earnings growth for Charter Communications Inc. (CHTR)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Charter Communications Inc. recorded a total of 11.7 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 2.98% coming in sequential stages and their sales for the third quarter reducing by -0.36%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 7.3 billion trying to sell their products during the last quarter, with the result yielding a gross income of 4.4 billion. This allows shareholders to hold on to 205.78M with the revenue now reading 4.26 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (2.53 cents a share).
Having a look at the company’s valuation, the company is expected to record 7.54 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on CHTR sounds very interesting.
Is the stock of CHTR attractive?
In related news, President and COO, Bickham John sold 9,584 shares of the company’s stock in a transaction that recorded on Sep 10. The sale was performed at an average price of 604.62, for a total value of 5,794,716. As the sale deal closes, the EVP/Chief Marketing Officer, Hargis Jonathan now sold 6,558 shares of the company’s stock, valued at 4,040,384. Also, Senior Executive VicePresident, Ellen David sold 5,915 shares of the company’s stock in a deal that was recorded on Aug 07. The shares were price at an average price of 601.29 per share, with a total market value of 3,556,626. Following this completion of acquisition, the Director, Jacobson Craig A now holds 836 shares of the company’s stock, valued at 498,963. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.20%.
18 out of 30 analysts covering the stock have rated it a Buy, while 8 have maintained a Hold recommendation on Charter Communications Inc.. 0 analysts has assigned a Sell rating on the CHTR stock. The 12-month mean consensus price target for the company’s shares has been set at $655.43.