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Comcast Corp (CMCSA) Stock Could Soon Reward Patient Investors

Comcast Corp (NASDAQ: CMCSA) is -9.46% lower on its value in year-to-date trading and has touched a low of $36.43 and a high of $47.46 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CMCSA stock was last observed hovering at around $39.70 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $39.70, the stock is 1.62% and -2.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 15.72 million and changing 0.00% at the moment leaves the stock -7.76% off its SMA200. CMCSA registered -1.27% loss for a year compared to 6-month loss of -5.27%.

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The stock witnessed a 0.68% gain in the last 1 month and extending the period to 3 months gives it a -5.14%, and is 3.14% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.15% over the week and 2.14% over the month.

Comcast Corp (CMCSA) has around 186000 employees, a market worth around $155.77B and $121.94B in sales. Current P/E ratio is 10.54 and Fwd P/E is 8.78. Profit margin for the company is 12.64%. Distance from 52-week low is 8.98% and -16.34% from its 52-week high. The company has generated returns on investments over the last 12 months (8.39%).

The EPS is expected to grow by 6.19% this year.

Comcast Corp (CMCSA) Top Institutional Holders

The shares outstanding are 3.97B, and float is at 3.88B with Short Float at 1.41%.

Comcast Corp (CMCSA) Insider Activity

The most recent transaction is an insider sale by Cavanagh Michael J,the company’sPresident. SEC filings show that Cavanagh Michael J sold 114,749 shares of the company’s common stock on Jan 29 ’24 at a price of $46.10 per share for a total of $5.29 million. Following the sale, the insider now owns 0.0 shares.

Comcast Corp disclosed in a document filed with the SEC on Nov 20 ’23 that Armstrong Jason (CFO) sold a total of 41,663 shares of the company’s common stock. The trade occurred on Nov 20 ’23 and was made at $42.63 per share for $1.78 million. Following the transaction, the insider now directly holds 14458.0 shares of the CMCSA stock.

Still, SEC filings show that on Nov 14 ’23, ROBERTS BRIAN L (Chairman of Board & CEO) disposed off 616,143 shares at an average price of $41.92 for $25.83 million. The insider now directly holds 16,909,517 shares of Comcast Corp (CMCSA).

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