Fox Corporation (NASDAQ:FOX) saw an upside of 1.99% to $31.24 after adding $0.61 on Wednesday. The 5-day average trading volume is 881,263 shares of the company’s common stock. It has gained $31.77 in the past week and touched a new high 5 times within the past 5 days. An average of 1,129,936 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,204,128.
FOX’s 1-month performance is 7.89% or $2.33 on its low of $28.06 reached on 12/30/22. The company’s shares have touched a 52-week low of $26.35 and high of $40.91, with the stock’s rally to the 52-week high happening on 01/25/23. YTD, FOX has achieved 7.66% or $2.73 and has reached a new high 11 times. However, the current price is down -23.64% from the 52-week high price.
FOX 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.
Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.22 while the price-to-book (PB) in the most recent quarter is 1.45.
The firm’s gross profit as reported stood at $4.86 billion against revenue of $13.97 billion.
For the quarterly period ending December 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 76.58% to $1.28 billion, while revenue of $567.0 million was 55.74% off the previous quarter. Analysts expected FOX to announce $0.29 per share in earnings in its latest quarter, but it posted $0.37, representing a 27.60% surprise. EBITDA for the quarter stood at more than $1.09 billion. FOX stock balance sheet for the quarter ending December 30 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 (FOX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 70.62% to suggest the stock is trending Overbought, with historical volatility in this time period at 21.79%.
The stock’s 5-day moving average is $30.32, reflecting a +5.62% or $1.66 change from its current price. FOX is currently trading +8.08% above its 20-day SMA, -1.39% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +12.56% and SMA200 by-11.75%.
Stochastic %K and %D was 90.62% and 83.58% and the average true range (ATR) pointed at 0.71. The RSI (14) points at 65.03%, while the 14-day stochastic is at 80.20% with the period’s ATR at 0.71. The stock’s 9-day MACD Oscillator is pointing at 0.66 and 0.85 on the 14-day charts.
Analysts offering their rating for FOX stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate FOX as a “sell,”, while 7 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 FOX’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 $37.75. Looking at these predictions, the average price target given by analysts is for Fox Corporation (FOX) stock is $36.75.