Comcast Corp (NASDAQ:CMCSA) price on Wednesday, May 09, rose 1.45% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $39.05.
A look at the stock’s price movement, the close in the last trading session was $38.49. The PE ratio in trailing twelve months stood at 10.37. Turning to its 52-week performance, $47.46 and $36.43 were the 52-week high and 52-week low respectively. Overall, CMCSA moved -2.74% over the past month.
Comcast Corp’s market cap currently stands at around $153.65 billion. The company has a Forward Dividend ratio of 1.18, with its dividend yield at 3.02%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 30.09B for the company’s revenue for the quarter, with a low and high estimate of 29.59B and 30.47B respectively. The average forecast suggests down to a -0.10% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 123.98B, representing a 2.00% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CMCSA is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
The technical evaluation for the stock shows the PEG ratio is 1.20, with CMCSA’s current price about -0.31% and -4.96% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.61, while 7-day volatility ratio is 1.86% and 2.16% in the 30-day chart. Further, Comcast Corp (CMCSA) has a beta value of 1.00, and an average true range (ATR) of 0.88.
If we refocus on Comcast Corp (NASDAQ:CMCSA), historical trading data shows that trading volumes averaged 22.21 million over the past 3 months. The company’s latest data on shares outstanding shows there are 3.97 billion shares.
The 1.01% of Comcast Corp’s shares are in the hands of company insiders while institutional holders own 86.29% of the company’s shares. Current price change has pushed the stock -10.95% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CMCSA stock continues to rise going into the next quarter.
