Charter Communications Inc (NASDAQ: CHTR) is 1.23% higher on its value in year-to-date trading and has touched a low of $236.08 and a high of $415.27 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CHTR stock was last observed hovering at around $321.68 in the last trading session, with the day’s gains setting it 25.3%.
Currently trading at $346.98, the stock is -3.48% and -3.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.28 million and changing 7.86% at the moment leaves the stock -0.93% off its SMA200. CHTR registered 27.08% gain for a year compared to 6-month gain of 6.90%. The firm has a 50-day simple moving average (SMA 50) of $358.735 and a 200-day simple moving average (SMA200) of $350.22806.
The stock witnessed a -2.50% loss in the last 1 month and extending the period to 3 months gives it a -0.19%, and is -8.51% down 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 8.77% over the week and 4.27% over the month.
Charter Communications Inc (CHTR) has around 94500 employees, a market worth around $54.98B and $55.09B in sales. Current P/E ratio is 9.86 and Fwd P/E is 8.07. Profit margin for the company is 9.23%. Distance from 52-week low is 46.98% and -16.44% from its 52-week high. The company has generated returns on investments over the last 12 months (4.67%).
The EPS is expected to grow by 6.67% this year
1229.0 institutions hold shares in Charter Communications Inc (CHTR), with institutional investors hold 97.15% of the company’s shares. The shares outstanding are 141.95M, and float is at 96.84M with Short Float at 12.59%. Institutions hold 66.35% of the Float.
The top institutional shareholder in the company is DODGE & COX with over 11.68 million shares valued at $3.49 billion. The investor’s holdings represent 8.1498 of the CHTR Shares outstanding. As of 2024-06-30, the second largest holder is CAPITAL INTERNATIONAL INVESTORS with 9.85 million shares valued at $2.94 billion to account for 6.8716 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 8.08 million shares representing 5.5906 and valued at over $2.42 billion, while BLACKROCK INC. holds 4.6329 of the shares totaling 6.64 million with a market value of $1.99 billion.
