Fox Corporation (NASDAQ:FOXA) saw a downside of -0.24% to close Tuesday at $42.00 after subtracting -$0.1 on the day. The 5-day average trading volume is 2,609,600 shares of the company’s common stock. It has gained $43.33 in the past week. An average of 2,977,295 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,534,156.
FOXA’s 1-month performance is 15.58% or $6.06 on its low of $35.12 reached on 09/15/21. The company’s shares have touched a 52-week low of $24.93 and high of $44.80, with the stock’s rally to the 52-week high happening on 03/16/21. YTD, FOXA has achieved 44.23% or $12.88. However, the current price is down -6.25%% from the 52-week high price.
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The company’s PE ratio for the last five years has touched a high of 18.22 and a low of 7.063. FOXA stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.80 while the price-to-book (PB) in the most recent quarter is 2.19, with the price to cash flow ratio at 12.74.
Fox Corporation pays an annual dividend of $0.48 per share. Its dividend yield is 1.14% and the payout ratio is 12.70%. FOXA’s most recent quarterly dividend payment was made on Sep. 29, when it paid $0.24 a share compared with prior rate of $0.23, up 4.17% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.01 reported on Wednesday August 4 2021. Measured over the last 3 years, the Dividend has been growing by 27.78% yearly.
It is projected that Fox Corporation’s next ex-dividend date will be on 8-Mar. FOXA is expected to distribute $0.24 as its next dividend.
Fox Corporation’s quick ratio for the period ended June 29 was 2.70, with the current ratio over the same period at 2.90 meaning that FOXA stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.65, while the total debt to equity was 0.71. In terms of profitability, the gross margin trailing 12 months is 37.70%. The trailing 12-month EBITDA margin is 23.74% while for the period ending June 29; Fox Corporation’s operating margin was 24.00%. The firm’s gross profit as reported stood at $4.87 billion against revenue of $12.91 billion.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected FOXA to announce $0.58 per share in earnings in its latest quarter, but it posted $0.65, representing a 12.10% surprise. EBITDA for the quarter stood at more than $717.0 million. FOXA stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 11.8 billion, with total debt at $8.45 billion. Shareholders hold equity totaling $574.78 million
Let’s look briefly at Fox Corporation (FOXA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 73.63% to suggest the stock is trending Overbought, with historical volatility in this time period at 14.23%.
The stock’s 5-day moving average is $42.01, reflecting a +0.24% or $0.10 change from its current price. FOXA is currently trading +18.98% above its 20-day SMA, +12.75% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +17.85% and +48.36% respectively.
Stochastic %K and %D was 79.24% and 84.32% and the average true range (ATR) pointed at 1.14. The RSI (14) points at 71.18%, while the 14-day stochastic is at 75.12% with the period’s ATR at 1.07. The stock’s 9-day MACD Oscillator is pointing at 0.53 and 1.25 on the 14-day charts.
In the most recent analyst report for Fox Corporation (NASDAQ: FOXA), Rosenblatt upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for FOXA stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate FOXA as a “sell,”, while 12 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 14 have offered a “buy” rating.
What is FOXA’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $29.00 and a high of $54.00, with their median price target at $44.00. Looking at these predictions, the average price target given by analysts is for Fox Corporation (FOXA) stock is $43.57.