Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Charter Communications Inc’s current trading price is -12.13% away from its 52-week high, while its distance from the 52-week low is 58.14%. The stock’s price range during this period has varied between $236.08 and $424.86. The company, active in the Communication Services sector, saw a trading volume of around 2.74 million for the day, considerably higher average daily volume of 1.11 million observed over the last three months.
Charter Communications Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $424.86 on 11/03/23, and the lowest price during the same period was recorded at $236.08 on 04/26/24.
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How Financial Performance Impacts Market Capitalization
Charter Communications Inc (CHTR) has experienced a quarterly rise of 2.71% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 59.61B and boasts a workforce of 101100 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 328.77, with a change in price of +93.51. Similarly, Charter Communications Inc recorded 1,263,237 in trading volume during the last 100 days, posting a change of +33.78%.
How CHTR’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for CHTR stands at 7.51. Similarly, the long-term debt-to-equity ratio is also 7.51.
CHTR Stock Stochastic Average
As of today, the raw stochastic average of Charter Communications Inc over the past 50 days is 82.40%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 82.03%. Additionally, the Stochastic %K and %D values for the company were 61.08% and 56.78%, respectively, over the past 20 days.
CHTR Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a loss of -3.95%.However, over the last six months, we can see a weaker performance of 40.39%. Over the last 30 days, the price of CHTR has fallen by 15.80%. And in the last five days, it has surged by 11.11%.
