Why In The World Would I Care About Comcast Corporation (CMCSA), Blackstone Mortgage Trust, Inc. (BXMT)

Comcast Corporation (NASDAQ:CMCSA) rose 0.24% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -3.45% and is now up by 9.37% since start of this year. A look at its monthly performance shows that the stock has recorded a 4.52% gain over the past 30 days. Its equity price dipped by -2.77% over the past three months which led to its overall six-month increase to stand at 6.16%.

The shares of Comcast Corporation (CMCSA) dropped by -7.87% or -$3.18 from its last recorded high of $40.42 which it attained on February 16 to close at $37.24 per share. Over the past 52 weeks, the shares of Comcast Corporation has been trading as low as $30.43 before witnessing a massive surge by 22.38% or $6.81. This price movement has led to the CMCSA stock receiving more attention and has become one to watch out for. It jumped by 0.65% on Tuesday and this got the market excited. The stock’s beta now stands at 1.1 and when compared to its 200-day moving average and its 50-day moving average, CMCSA price stands 6.1% above and 2.87% above respectively. Its average daily volatility for this week is 1.7% which is less than the 2.21% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Comcast Corporation with most of them predicting a $44.2 price target on a short-term (12 months) basis. The average price target by the analysts will see a 18.69% rise in the stock and would lead to CMCSA’s market cap to surge to $200.67B. The stock has been rated an average 2.1, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 31 analysts that track Comcast Corporation (NASDAQ:CMCSA) and find out that 8 of them rated it as a Hold. 23 of the 23 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

A look at CMCSA technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 55.56 point. Its trading volume has lost -8106204 shares compared to readings over the past three months as it recently exchanged 14053796 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 22160000 shares, and this is 0.63 times the normal volume.

The price of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) currently stands at $34.59 after it went up by $0.02 or 0.06% and has found a strong support at $34.5 a share. If the BXMT price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $34.4 mark would also be bad for the stock as it means that the stock would plunge by 0.55% from its current position. However, if the stock price is able to trade above the resistance point around $34.67, then it could likely surge higher to try and break the upward resistance which stands at $34.74 a share. Its average daily volatility over the past one month stands at 0.92%. The stock has plunged by 0.32% from its 52-weeks high of $34.48 which it reached on Nov. 28, 2018. In general, it is 14.46% above its 52-weeks lowest point which stands at $29.59 and this setback was observed on Feb. 13, 2018.

Analysts have predicted a price target for Blackstone Mortgage Trust, Inc. (BXMT) for 1 year and it stands at an average $34.14/share. This means that it would likely increase by -1.3% from its current position. The current price of the stock has been moving between $34.48 and $34.65. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $33. On the other hand, one analyst is super bullish about the price, setting a target as high as $35.

The BXMT stock Stochastic Oscillator (%D) is at 87.76%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 5.93 which compares to the 8.85 recorded by the industry or the 10.38 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 12.77, which is lower than the 13.93 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -50.2% over the past five years.

Analysts view Blackstone Mortgage Trust, Inc. (NYSE:BXMT) as a Hold, with 2.6 consensus rating. Reuters surveyed 10 analysts that follow BXMT and found that 7 of those analysts rated the stock as a Hold. The remaining 3 were divided, with 3 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Blackstone Mortgage Trust, Inc. (BXMT) shares or sell it if they already own it.