Checking the Overall Picture for Comcast Corporation (CMCSA)

Comcast Corporation (CMCSA) is an interesting player in the Services space, with a focus on Entertainment – Diversified. The stock has been active on the tape, currently trading at $32.08, up from yesterday’s close by 0.25%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Comcast Corporation (CMCSA) currently trades with a market capitalization of $148.49 Billion. That value represents a market adjusting for revenues that have been growing by 10.71 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $11.42 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.6 on a per share basis this quarter. Perhaps, that suggests something about why 0.14% of the outstanding share supply is held by institutional investors.

Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, Comcast Corporation recorded a 52-week high of $44.00. It is now trading 11.92% off that level. The stock is trading $32.52 its 50-day moving average by 0.44%. The stock carved out a 52-week low down at $30.43.

In recent action, Comcast Corporation (CMCSA) has made a move of +1.65% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.04, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.50% with $4.55 Billion sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of CMCSA.

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