Is Charter Communications Inc. (NASDAQ: CHTR) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Yahoo Finance discussed the stock recently as it posted SPECTRUM SUPER BOWL COMMERCIAL 2024 TOUTS HOME INTERNET SPEED AND RELIABILITY.

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Stocks Info

This NASDAQ-listed company operates within the Telecom Services industry segment, falling under the Communication Services sector. The current market capitalization of Charter Communications Inc. is $43.48B. A total of 1.48 million shares were traded on the day, compared to an average of 1.44M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, CHTR has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 63 BUYs and 76 SELLs from insiders. Insiders purchased 5,003,202 shares during that period but sold 5,750,174.

In the most recent transaction, Winfrey Christopher L bought 5,050 shares of CHTR for 295.29 per share on Feb 06. After the transaction, the President and CEO now owns 57,703 company shares. In a previous transaction on Nov 17, Rutledge Thomas sold 83,970 shares at 410.82 per share. CHTR shares that Executive Chairman owns now total 0.

Among the insiders who sold shares, Rutledge Thomas disposed of 155,756 shares on Nov 16 at a per-share price of $411.54. This resulted in the Executive Chairman holding 83,970 shares of CHTR after the transaction. In another insider transaction, Rutledge Thomas sold 87,903 shares at $414.37 per share on Nov 14. Company shares held by the Executive Chairman now total 132,798.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for CHTR in the last 3 months, the mean price target is $386.01 with high estimates of $660.00 and low estimates of $255.00. In terms of 52-week highs and lows, CHTR has a high of $458.30 and a low of $279.64.

As of this writing, CHTR has an earnings estimate of $7.89 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $9.52 per share and a lower estimate of $6.71. The company reported an EPS of $8.25 in the last quarter, which was 3.90% higher than expectations of $7.94.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $76.34, while its Total Shareholder’s Equity was $18.16B.

Analysts Opinion

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. 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 3.57.

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