What is the Price Targets for Fox Corporation (FOX)?

0
4

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.

Top 5 Undervalued Stocks To Own In 2023

Microchip Maker Releases "World's Most Powerful Data Center CPU". It could allow the company who manufactures it to lead the industry as the global microchip shortage continues into the coming year. We've put together a free research report that explains all the details. Not only will you find out why analysts believe this chip manufacturer could lead the pack, you will also discover four more potential winners for the coming year.

Click here to download your Free Research Report…

Sponsored

Insider Transactions

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.

Valuation Metrics

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.

Earnings Surprise

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.

Analyst Ratings

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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here