Comcast Corporation (NASDAQ:CMCSA) has a beta of 1.04, a 12-month trailing P/E ratio of 22.55, and a growth ratio of 1.26. The stock’s Relative Strength Index (RSI) is 55.52, with weekly volatility at 1.80% and ATR at 1.14. The CMCSA stock’s 52-week price range has touched low of $37.77 and a $59.11 high. Its shares traded lower over the last trading session, losing -0.68% on 06/01/21. The shares fell to a low of $56.84 before closing at $56.95. Intraday shares traded counted 11.22 million, which was 38.7% higher than its 30-day average trading volume of 18.30M. CMCSA’s previous close was $57.34 while the outstanding shares total 4.59B.
Investors have identified the Entertainment company Comcast Corporation 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 $261.64 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.
Comcast Corporation (CMCSA) 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 CMCSA, the company has in raw cash 14.95 billion on their books with 4.78 billion 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 an incline. In terms of their assets, the company currently has 29.44 billion total, with 30.81 billion as their total liabilities.
CMCSA were able to record 5.46 billion as free cash flow during the 07/29/2021 quarter of the year, this saw their quarterly net cash flow reduce by 3.21 billion. In cash movements, the company had a total of 7.75 billion as operating cash flow.
Potential earnings growth for Comcast Corporation (CMCSA)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/29/2021 quarter of the year, Comcast Corporation recorded a total of 27.2 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 2.19% coming in sequential stages and their sales for the 07/29/2021 quarter reducing by -1.85%.
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 17.19 billion trying to sell their products during the last quarter, with the result yielding a gross income of 10.02 billion. This allows shareholders to hold on to 4.59B with the recently reported earning now reading 0.72 cents per share. This is a figure that compared to analyst’s prediction for their 07/29/2021 (0.76 cents a share).
Having a look at the company’s valuation, the company is expected to record 3.69 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 CMCSA sounds very interesting.
Is the stock of CMCSA attractive?
In related news, Director, BACON KENNETH J sold 3,966 shares of the company’s stock in a transaction that recorded on May 10. The sale was performed at an average price of 58.83, for a total value of 233,329. As the sale deal closes, the EVP & Chief Accounting Officer, Murdock Daniel C. now sold 9,800 shares of the company’s stock, valued at 557,456. Also, Chairman of Board, Pres. & CEO, ROBERTS BRIAN L sold 709,673 shares of the company’s stock in a deal that was recorded on Apr 30. The shares were price at an average price of 55.20 per share, with a total market value of 39,173,950. Following this completion of acquisition, the Director, Montiel Maritza Gomez now holds 6,000 shares of the company’s stock, valued at 325,413. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.10%.
25 out of 34 analysts covering the stock have rated it a Buy, while 4 have maintained a Hold recommendation on Comcast Corporation. 1 analysts has assigned a Sell rating on the CMCSA stock. The 12-month mean consensus price target for the company’s shares has been set at $64.21.