Fox Corporation (NASDAQ:FOXA) saw an upside of 2.57% to $33.51 after adding $0.84 on Wednesday. The 5-day average trading volume is 2,088,758 shares of the company’s common stock. It has gained $34.14 in the past week and touched a new high 5 times within the past 5 days. An average of 2,165,385 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,362,818.
FOXA’s 1-month performance is 7.72% or $2.68 on its low of $29.92 reached on 12/30/22. The company’s shares have touched a 52-week low of $28.01 and high of $44.95, with the stock’s rally to the 52-week high happening on 01/25/23. YTD, FOXA has achieved 7.57% or $3.07 and has reached a new high 11 times. However, the current price is down -25.45% from the 52-week high price.
FOXA stock investors last saw insider trading activity on Aug 15.MURDOCH LACHLAN K (Executive Chair, CEO) most recently sold 126,773 shares at $36.50 per share on Aug 15. This transaction cost the insider $4,627,214.
FOXA stock has a beta of 0.86. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.21 while the price-to-book (PB) in the most recent quarter is 1.56, with the price to cash flow ratio at 11.46.
Fox Corporation’s quick ratio for the period ended September 29 was 3.20, with the current ratio over the same period at 3.60. In terms of profitability, the gross margin trailing 12 months is 34.80%. The firm’s gross profit as reported stood at $4.86 billion against revenue of $13.97 billion.
For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected FOXA to announce $1.14 per share in earnings in its latest quarter, but it posted $1.21, representing a 6.10% surprise. EBITDA for the quarter stood at more than $1.09 billion. FOXA stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 10.84 billion, with total debt at $7.7 billion. Shareholders hold equity totaling $542.69 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 24 January was 72.48% to suggest the stock is trending Overbought, with historical volatility in this time period at 23.73%.
The stock’s 5-day moving average is $32.33, reflecting a +6.24% or $1.97 change from its current price. FOXA is currently trading +8.73% above its 20-day SMA, -2.15% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +13.60% and SMA200 by-12.95%.
Stochastic %K and %D was 90.30% and 83.11% and the average true range (ATR) pointed at 0.79. The RSI (14) points at 66.25%, while the 14-day stochastic is at 80.14% with the period’s ATR at 0.78. The stock’s 9-day MACD Oscillator is pointing at 0.77 and 0.98 on the 14-day charts.
In the most recent analyst report for Fox Corporation (NASDAQ: FOXA), Loop Capital upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for FOXA stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate FOXA as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 11 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 $27.00 and a high of $45.00, with their median price target at $37.50. Looking at these predictions, the average price target given by analysts is for Fox Corporation (FOXA) stock is $36.66.