3 times New Highs Were Reached By News Corporation (NWSA) In The Last Five Days

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The stock of News Corporation (NASDAQ:NWSA) increased by $0.24 on Wednesday to $18.07, up 1.35 percent. The last five days have seen an average of 1,927,812 shares of common stock traded. 4 times new highs were reached in the current year, with a fall of -$4.14. The average number of shares traded over the last 20 days was 3,103,003, while the average volume over the last 50 days totaled 3,026,433.

NWSA stock appreciated 5.38% since last month. On 11/09/22, the company’s shares reached a one-month low of $15.00. The stock touched a high of $23.73 on 02/04/22, after rallying from a low of $14.87 in 52 weeks. The price of NWSA stock has declined by -20.08% or -$4.14 this year, reaching a new high 4 times. Still, the stock price is down -23.85% from the 52-week high.


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Insider Transactions

NWSA stock investors should be aware that News Corporation (NWSA) stock had its last reported insider trading activity 100 days ago on Aug 15. On Aug 15, General Counsel Pitofsky David B sold 82,028 shares at $18.73 each. This transaction resulted in the insider making $1,536,417.

Valuation Metrics

News Corporation (NWSA) has a trailing price-to-earnings (P/E) ratio of 22.60. Beta for the stock is 1.28. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.00, the price-to-book (PB) ratio of 1.32, and the price-to-cash flow ratio of 21.89.

Company paid $0.10 per share in dividends, remained unchanged from $0.10 last year. A $0.0150 dividend increase was reported on Thursday August 13 2015.

Financial Health

For the three months ended September 29, News Corporation’s quick ratio was 1.10, while its current ratio was 1.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending September 29 is 0.38, and the total debt to equity ratio is 0.38. As far as profitability goes, gross margin for the trailing twelve months is 50.30% percent. News Corporation’s operating margin stood at 5.50% for the same period. Based on annual data, it had gross profit of $5.26 billion and revenue of $10.38 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NWSA’s return on assets (ROA) during the last 12 months has been 2.80%. There was a 6.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 5.70%.

Earnings Surprise

According to News Corporation’s quarterly financial report for the quarter that ended September 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.48 billion, while revenues fell by -0.97% to $2.67 billion. It was predicted that News Corporation’s quarterly earnings would be $0.12, but it ended up being $0.15. EBITDA was $350.0 million for the quarter. At the end of News Corporation’s most recent quarter ended September 29, its liabilities totaled 7.66 billion, while its total debt was $4.02 billion. Equity owned by shareholders amounts to $575.63 million.

Technical Picture

Here’s a quick look at News Corporation’s (NWSA) price momentum from a technical perspective. As of 22 November, the RSI 9-day stood at 63.73%, suggesting the stock is Neutral, with a 54.22% historical volatility rate.

The stochastic %K and %D were 81.18% and 79.39% respectively, while the average true range (ATR) was 0.61. Based on the 14-day stochastic reading of 90.95%, the RSI (14) reading is 61.70%. On the 9-day MACD Oscillator, the stock is at -0.12, and the 14-day reading is at 0.29.

Analyst Ratings

News Corporation (NASDAQ: NWSA) 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 News Corporation (NWSA) an Overweight rating. NWSA is a stock that is recommended for selling by 1 brokerage firm, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 4 others recommend it as a buy.

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

The current consensus forecast for the stock is between $16.50 and $30.00, with a median target price of $24.50. In analyzing these forecasts, the average price target given by analysts for News Corporation (NWSA) is $22.64.

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