Comcast Corp (NASDAQ:CMCSA) shares, rose in value, with the stock price down by -0.37% to the previous day’s close as strong demand from buyers drove the stock to $40.21.
Actively observing the price movement in the last trading, the stock closed the session at $40.36. The PE ratio was 10.85 over 12-month period. Referring to stock’s 52-week performance, its high was $47.46, and the low was $36.38. On the whole, CMCSA has fluctuated by -5.70% over the past month.
The company’s Forward Dividend Ratio is 1.18, with its dividend yield at 2.93%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 124.2B, with a low estimate of 29.36B and a high estimate of 30.09B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 29.81B.
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 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.20, with the price of CMCSA currently trading nearly -1.32% and -3.69% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.99, while the 7-day volatility ratio is showing 1.69% which for the 30-day chart, stands at 1.70%. Furthermore, Comcast Corp (CMCSA)’s beta value is 0.97, and its average true range (ATR) is 0.73.
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 -0.37% in last session, and over the past year, it grew by 8.06%%.
Data on historical trading for Comcast Corp (NASDAQ:CMCSA) indicates that the trading volumes over the past 3 months, they’ve averaged 21.66 million. According to company’s latest data on outstanding shares, there are 3.97 billion shares outstanding.
Nearly 1.00% of Comcast Corp’s shares belong to company insiders and institutional investors own 85.67% of the company’s shares. The stock has fallen by -8.30% 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.
