Is Wall Street High Or Low On News Corporation (NWSA)?


News Corporation (NASDAQ:NWSA) finished Wednesday with a subtraction of -$0.45 to close at $16.01, a downside of -2.73 percent. An average of 2,547,500 shares of common stock have been traded in the last five days. There was a fall of -$0.85 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 2,232,860 shares traded, while the 50-day average volume stands at 2,344,972.

NWSA stock has decreased by -8.25% in the last month. The company shares reached their 1-month lowest point of $15.99 on 09/21/22. With the stock rallying to its 52-week high on 02/04/22, shares of the company touched a low of $14.95 and a high of $25.86 in 52 weeks. It has reached a new high 4 times so far this year and lost -28.24% or -$6.30 in price. In spite of this, the price is down -38.10% from the 52-week high.

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Insider Transactions

38 days have passed since News Corporation (NWSA) last reported insider trading activity. Pitofsky David B, who is General Counsel, most recently acquired $82,028 shares at $18.73 per share on Aug 15.

Valuation Metrics

News Corporation (NWSA) has a trailing price-to-earnings (P/E) ratio of 15.25. The stock’s beta is 1.29. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.94, the price-to-book (PB) ratio at 1.14, and the price-to-cash flow ratio at 14.28.

The company has a payout ratio of 19.00%. The company’s most recent quarterly dividend payment was $0.10 a share, without any change from last year. Its latest increase dividend $0.0150 reported on Thursday August 13 2015.

Financial Health

The quick ratio of News Corporation for the three months ended June 29 was 1.10, and the current ratio was 1.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.34 and a total debt to equity ratio of 0.37 for the quarter ending June 29. Its gross profit as reported stood at $5.26 billion compared to revenue of $10.38 billion.

Earnings Surprise

For the three-month period that ended June 29, News Corporation had $2.78 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $110.0 million in the quarter, while revenues were grew 112.73%. The analyst consensus anticipated News Corporation’s latest quarter earnings to come in at $0.06 per share, but it turned out to be $0.37, a 516.70% surprise. For the quarter, EBITDA amounted to $315.0 million. Shareholders own equity worth $581.42 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at News Corporation (NWSA) price momentum. RSI 9-day as of the close on 21 September was 30.93%, suggesting the stock is Neutral, with historical volatility in this time frame at 42.39%.

As of today, NWSA’s price is $16.54 -5.04% or -$0.85 from its 5-day moving average. NWSA is currently trading -7.51% lower than its 20-day SMA and -21.60% lower than its 100-day SMA. However, the stock’s current price level is +2.30% above the SMA50 and -26.42% below the SMA200.

The stochastic %K and %D were 8.28% and 15.49%, respectively, and the average true range (ATR) was 0.51. With the 14-day stochastic at 1.08% and the average true range at 0.50, the RSI (14) stands at 36.11%. The stock has reached -0.49 on the 9-day MACD Oscillator while the 14-day reading was at -0.48.

Analyst Ratings

Macquarie downgraded News Corporation (NASDAQ: NWSA) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for News Corporation (NWSA) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NWSA, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 8 others rate it as a “buy”.

What is NWSA’s price target for the next 12 months?

Analysts predict a range of price targets between $18.00 and $34.00, with a median target of $26.70. Taking a look at these predictions, the average price target given by analysts for News Corporation (NWSA) stock is $27.01.


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