Charter Communications Inc (CHTR) Clearly Signals Buy-Into the Stock: Don’t ignore the signals

With 0.75 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.28 million shares. During the session, the Telecom Services company that operates in wider Communication Services sector, reached to the highest price of $389.935 whereas the lowest price it dropped to was $384.15. The 52-week range on CHTR shows that it touched its highest point at $415.27 and its lowest point at $236.08 during that stretch. It currently has a 1-year price target of $404.19. Beta for the stock currently stands at 1.06.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CHTR was down-trending over the past week, with a drop of -4.21%, but this was up by 17.98% over a month. Three-month performance surged to 14.34% while six-month performance rose 43.54%. The stock lost -5.80% in the past year, while it has gained 0.11% so far this year. A look at the trailing 12-month EPS for CHTR yields 31.93 with Next year EPS estimates of 35.73. For the next quarter, that number is 9.18. This implies an EPS growth rate of 12.32% for this year and 6.07% for next year. EPS is expected to grow by 9.61% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 41.86%.

Float and Shares Shorts:

At present, 145.23 million CHTR shares are outstanding with a float of 96.20 million shares on hand for trading. On 2024-10-31, short shares totaled 12.45 million, which was 875.0 higher than short shares on 1727654400. In addition to Mr. Christopher L. Winfrey as the firm’s President, CEO & Director, Ms. Jessica M. Fischer serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 0.72164 of CHTR’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, CHTR reported revenue of $13795000000.0 and operating income of $3356000000.0. The EBITDA in the recently reported quarter was $5436000000.0 and diluted EPS was $8.82.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CHTR since 25 analysts follow the stock currently. There are 10 analysts who recommend BUY ratings, while 5 suggest SELL ratings. Of the remaining analysts, 10 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CHTR analysts setting a high price target of 525.0 and a low target of 230.0, the average target price over the next 12 months is 395.59305. Based on these targets, CHTR could surge 34.92% to reach the target high and fall by -40.89% to reach the target low. Reaching the average price target will result in a growth of 1.66% from current levels.

Analysts have provided yearly estimates in a range of $35.10954 being high and $32.12738 being low. For CHTR, this leads to a yearly average estimate of $33.68507. The surprise factor in the prior quarter was $7.9. Based on analyst estimates, the high estimate for the next quarter is $9.19 and the low estimate is $6.71. The average estimate for the next quarter is thus $8.53.