3 times New Highs Were Reached By Fox Corporation (FOXA) In The Last Five Days

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The stock of Fox Corporation (NASDAQ:FOXA) increased by $0.03 on Wednesday to $30.93, up 0.10 percent. The last five days have seen an average of 1,765,798 shares of common stock traded. 11 times new highs were reached in the current year, with a fall of -$5.97. The average number of shares traded over the last 20 days was 2,963,195, while the average volume over the last 50 days totaled 3,181,766.

FOXA stock appreciated 4.32% since last month. On 10/27/22, the company’s shares reached a one-month low of $28.01. The stock touched a high of $44.95 on 02/10/22, after rallying from a low of $28.01 in 52 weeks. The price of FOXA stock has declined by -16.26% or -$5.97 this year, reaching a new high 11 times. Still, the stock price is down -31.19% from the 52-week high.


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Insider Transactions

FOXA stock investors should be aware that Fox Corporation (FOXA) stock had its last reported insider trading activity 100 days ago on Aug 15. On Aug 15, Executive Chair, CEO MURDOCH LACHLAN K acquired 126,773 shares at $36.50 each. This transaction resulted in the insider spending $4,627,214. On Aug 15, MURDOCH LACHLAN K sold 126,773 shares at a price of US$36.50. After the transaction, the insider now owns 152 shares.

Valuation Metrics

Fox Corporation (FOXA) has a trailing price-to-earnings (P/E) ratio of 15.52. Beta for the stock is 0.83. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.15, the price-to-book (PB) ratio of 1.47, and the price-to-cash flow ratio of 10.84.

Company paid $0.25 per share in dividends, an increase of 4.17% from $0.24 last year. A $0.01 dividend increase was reported on Wednesday August 10 2022.

Financial Health

For the three months ended September 29, Fox Corporation’s quick ratio was 3.20, while its current ratio was 3.60, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 34.80% percent. Fox Corporation’s operating margin stood at 16.90% for the same period. Based on annual data, it had gross profit of $4.86 billion and revenue of $13.97 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. FOXA’s return on assets (ROA) during the last 12 months has been 5.00%. There was a 10.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 9.80%.

Earnings Surprise

According to Fox Corporation’s quarterly financial report for the quarter that ended September 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Fox Corporation’s quarterly earnings would be $1.21, but it ended up being $1.14, beating the consensus by 6.10%. EBITDA was $1.09 billion for the quarter. At the end of Fox Corporation’s most recent quarter ended September 29, its liabilities totaled 10.84 billion, while its total debt was $7.7 billion. Equity owned by shareholders amounts to $542.69 million.

Technical Picture

Here’s a quick look at Fox Corporation’s (FOXA) price momentum from a technical perspective. As of 22 November, the RSI 9-day stood at 59.43%, suggesting the stock is Neutral, with a 21.35% historical volatility rate.

The stochastic %K and %D were 83.44% and 82.48% respectively, while the average true range (ATR) was 0.85. Based on the 14-day stochastic reading of 88.15%, the RSI (14) reading is 55.02%. On the 9-day MACD Oscillator, the stock is at 0.11, and the 14-day reading is at 0.62.

Analyst Ratings

Fox Corporation (NASDAQ: FOXA) was downgraded by Loop Capital to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Fox Corporation (FOXA) an Overweight rating. FOXA is a stock that is recommended for selling by 1 brokerage firm, while 10 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 10 others recommend it as a buy.

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

The current consensus forecast for the stock is between $27.00 and $46.00, with a median target price of $36.75. In analyzing these forecasts, the average price target given by analysts for Fox Corporation (FOXA) is $37.25.

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