Investing In Charter Communications Inc. (NASDAQ: CHTR): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed SPECTRUM REACH SEEKING 250 UNDERSERVED BUSINESSES FOR 2024 ‘PAY IT FORWARD’ PROGRAM.

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Stocks Info

The company is listed on the NASDAQ and operates within the Telecom Services industry segment. The current market capitalization of Charter Communications Inc. is $53.14B. A total of 0.94 million shares were traded on the day, compared to an average of 1.04M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, CHTR has seen 2 BUY and 31 SELL insider trades, representing the acquisition of 222,042 and the disposition of 866,320 shares. Over the last 12 months, there were 64 BUYs and 82 SELLs from insiders. Insiders purchased 5,005,702 shares during that period but sold 5,900,450.

In the most recent transaction, Rutledge Thomas sold 83,970 shares of CHTR for 410.82 per share on Nov 17. After the transaction, the Executive Chairman now owns 0 company shares. In a previous transaction on Nov 16, Rutledge Thomas sold 155,756 shares at 411.54 per share. CHTR shares that Executive Chairman owns now total 83,970.

Among the insiders who sold shares, Rutledge Thomas disposed of 87,903 shares on Nov 14 at a per-share price of $414.37. This resulted in the Executive Chairman holding 132,798 shares of CHTR after the transaction. In another insider transaction, MAFFEI GREGORY B sold 5 shares at $428.18 per share on Aug 16. Company shares held by the Director now total 0.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for CHTR in the last 3 months, the mean price target is $445.83 with high estimates of $660.00 and low estimates of $320.00. In terms of 52-week highs and lows, CHTR has a high of $458.30 and a low of $315.02.

As of this writing, CHTR has an earnings estimate of $Cutera, Inc. per share for the current quarter. EPS was calculated based on a consensus of Charter Communications, Inc. estimates, with a high estimate of $CHESAPEAKE GRANITE WASH TR per share and a lower estimate of $Cheer Holding, Inc..

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CHTR’s latest balance sheet shows that the firm has $601.00M in Cash & Short Term Investments as of fiscal 2021. There were $91.83B in debt and $12.46B in liabilities at the time. Its Book Value Per Share was $75.03, while its Total Shareholder’s Equity was $18.16B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CHTR is Buy with a score of 3.75.

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