The New York Times Company (NYT) Shares: Are They Risky Or Cheap?

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The New York Times Company (NYSE:NYT) finished Friday with a subtraction of -$0.07 to close at $32.46, a downside of -0.22 percent. An average of 693,360 shares of common stock have been traded in the last five days. There was a fall of -$0.19 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 962,055 shares traded, while the 50-day average volume stands at 1,231,736.

NYT stock has decreased by -11.43% in the last month. The company shares reached their 1-month lowest point of $31.46 on 12/16/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $27.58 and a high of $48.61 in 52 weeks. It has reached a new high 1 time so far this year and lost -32.80% or -$15.84 in price. In spite of this, the price is down -33.22% from the 52-week high.


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Insider Transactions

NYT stock investors should be aware that The New York Times Company (NYT) stock had its last reported insider trading activity 43 days ago on Nov 18. In this transaction, the insider spent $231,336. PRESIDENT & CEO, KOPIT LEVIEN MEREDITH A., disposed of 10,000 shares at a price of $42.78 on Feb 24. The insider now owns more than $427,780 worth of shares. Prior to that, EVP, GC & SECRETARY Brayton Diane went on to Sale 9,999 shares at $41.44 each on Feb 18. An amount of $414,353 was transacted.

Valuation Metrics

The New York Times Company (NYT) has a trailing price-to-earnings (P/E) ratio of 31.48. The stock’s beta is 1.04. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.37, the price-to-book (PB) ratio at 3.51, and the price-to-cash flow ratio at 101.46.

The company has a payout ratio of 32.90%. The company’s most recent quarterly dividend payment was $0.09 a share, without any change from last year. Its latest increase dividend $0.02 reported on Thursday February 3 2022.

Financial Health

The quick ratio of The New York Times Company for the three months ended June 29 was 1.00, and the current ratio was 1.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $1.04 billion compared to revenue of $2.07 billion.

Earnings Surprise

For the three-month period that ended June 29, The New York Times Company had $102.62 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $36.62 million in the quarter, while revenues of $61.78 million were shrunk -49.26%. The analyst consensus anticipated The New York Times Company’s latest quarter earnings to come in at $0.19 per share, but it turned out to be $0.24, a 26.30% surprise. For the quarter, EBITDA amounted to $75.26 million. At the end of the quarter ending June 29, The New York Times Company’s stock balance sheet showed total liabilities of 973.03 million. Shareholders own equity worth $165.42 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at The New York Times Company (NYT) price momentum. RSI 9-day as of the close on 30 December was 39.48%, suggesting the stock is Neutral, with historical volatility in this time frame at 17.43%.

As of today, NYT’s price is $32.51 -0.58% or -$0.19 from its 5-day moving average. NYT is currently trading -9.86% lower than its 20-day SMA and +6.08% higher than its 100-day SMA. However, the stock’s current price level is +7.98% above the SMA50 and -28.14% below the SMA200.

The stochastic %K and %D were 23.42% and 25.03%, respectively, and the average true range (ATR) was 0.79. With the 14-day stochastic at 26.32% and the average true range at 0.84, the RSI (14) stands at 42.07%. The stock has reached -0.10 on the 9-day MACD Oscillator while the 14-day reading was at -0.62.

Analyst Ratings

Morgan Stanley downgraded The New York Times Company (NYSE: NYT) to a an Equal-weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for The New York Times Company (NYT) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell NYT, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 3 others rate it as a “buy”.

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

Analysts predict a range of price targets between $25.00 and $40.00, with a median target of $36.00. Taking a look at these predictions, the average price target given by analysts for The New York Times Company (NYT) stock is $34.36.

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