Comcast Corporation (CMCSA) Stock: Why It’s Headed For The Top

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Comcast Corporation (CMCSA) is working its way for to the top in the market today. The company, focused in the service sector, is presently priced at $38.99 after gaining -1.18% so far today. When it comes to service stocks, there are several factors that have the potential to cause gains in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent trending headlines surrounding CMCSA:

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Mar-25-19 11:27AM In the works: Universal explores use of automated vehicles for theme park guests
10:01AM CarMax (KMX) to Report Q4 Earnings: What’s in the Offing?
06:00AM A place to play: Comcast plans $50M esports arena in South Philadelphia
Mar-24-19 03:28PM Us slashes record box-office opening
Mar-23-19 10:20AM A Disney World Rival Sets Its Sights on 2020

However, when making a decision with regard to investing, prospective investors should look into far more than news, especially in the ever complex service industry. Here’s what’s happing when it comes to Comcast Corporation.

Recent Movement Out of CMCSA

While a gain in a single session, like the move that we’re seeing from Comcast Corporation may lead to fear in some investors, a single session move by itself should not be the reason for a decision to, or not to, buy a company’s stock. It is generally a good idea to look at trends beyond a single trading session. As it relates to CMCSA, below are the returns that investors have seen:

  • Past 5 Trading Sessions – In the last 7 days, CMCSA has seen a change in value amounting to -2.50%.
  • Monthly – The monthly performance from Comcast Corporation works out to 2.57%.
  • Past Three Months – In the last three months, the company has generated a ROI that works out to 12.13%
  • Past Six Months – In the previous six months, we have seen a change that amounts to 5.73% from the company.
  • This Year So Far – Since the the last trading session of last year CMCSA has resulted in a return of 15.89%.
  • Annually – Finally, over the last year, we’ve seen performance that comes to 14.41% from CMCSA. In this period of time, the stock has traded at a high price of -3.77% and a low price of 28.14%.

Key Ratios

Looking at various key ratios associated with a stock can give prospective investors a view of just how dangerous and/or rewarding a an investment option may be. Below are some of the most important ratios to look at when digging into CMCSA.

Short Ratio – The short ratio is a tool that’s used to measure the level of short interest. The higher this ratio, the more investors believe that the stock is headed for the top. Throughout the sector, strong service sector stocks can carry a lower short ratio. However, we also tend to see a lot of short squeezes in the industry. Nonetheless, with regard to Comcast Corporation, it’s short ratio amounts to 3.25.

Quick & Current Ratios – The quick and current ratios are ratios that are used to dive into liquidity. Essentially, they measure the company’s abilities to pay for its debts when they come due using current assets or quick assets. come with strong quick and current ratios. As far as CMCSA, the quick and current ratios add up to 0.80 and 0.80 respectively.  

Book To Share Value – The book to share value ratio compares the the price of shares to the current book value of assets that are owned by the company. In this case, that ratio is 15.78.

Cash To Share Value – The cash to share value comparison compares the amount of cash the company has on hand to the price of shares. When it comes to CMCSA, the cash to share value works out to 0.83.

Investors Tend To Follow The Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in CMCSA, here’s what we’re seeing:

Institutions own 84.80% of the company. Institutional interest has moved by 0.48% over the past three months. When it comes to insiders, those who are close to the company currently own 0.10% percent of CMCSA shares. Institutions have seen ownership changes of an accumulative -17.28% over the last three months.

How Analysts Feel About Comcast Corporation

Although it’s rarely a good idea to avoid doing your due diligence and blindly following the thoughts of analysts, it is a good idea to consider their thoughts to validate your own thoughts when it comes to making investment decisions in the service industry. Below you’ll find the most recent moves that we have seen from analysts as it relates to CMCSA.

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Nov-13-18 Resumed Barclays Overweight $44
Nov-08-18 Resumed Morgan Stanley Overweight
Oct-26-18 Upgrade Credit Suisse Neutral → Outperform
Oct-24-18 Resumed Citigroup Buy $48
Oct-22-18 Resumed Goldman Neutral $38

Financial Performance

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $3.13. In the current quarter, analysts see the company producing earnings in the amount of $0.64. Over the last 5 years, CMCSA has generated revenue in the amount of $7.90% with earnings coming in at 14.60%. On a quarter over quarter basis, earnings have seen movement of 11.50% and revenue has seen movement of 26.10%.

Float Information

Traders and investors seem to have an interest in the total numbers of shares both outstanding and available. In terms of Comcast Corporation, there are currently 4.59B with a float of 4.48B. These numbers mean that of the total of 4.59B shares of CMCSA in existence today, 4.48B are available to trade hands on the market.

It’s also important to take a look at the short float. After all, when a large portion of the float is shorted, the overall feeling among investors is that the company is going to fall. As far as it relates to CMCSA, the short percentage of the float totals up to 1.52%. Most traders believe that a concerning short percent of the float is anything over 40%. Through my work, I’ve calculated that any short ratio over 26% is usually a risky play.

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