Is Fox Corporation (FOX) Stock Cheap Or Risky?


At the last check on Thursday, Fox Corporation’s (NASDAQ:FOX) stock was up $0.2, moving up 0.70 percent to $28.85. The average number of shares traded per day over the past five days has been 1,021,833 shares. 3 times new highs have been achieved over the past 5 days, with a $0.12 gain in that time frame. In the last twenty days, the average volume was 1,078,658, while in the previous 50 days, it was 1,063,417.

Since last month, FOX stock retreated -2.96%. Shares of the company fell to $27.79 on 05/11/23, the lowest level in the past month. A 52-week high of $34.42 was reached on 02/16/23 after having rallying from a 52-week low of $26.35. Since the beginning of this year, FOX’s stock price has risen by 1.41% or $0.37, and marked a new high 18 times. However, the stock has declined by -16.18% since its 52-week high.

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FOX stock investors should be aware that Fox Corporation (FOX) stock had its last reported insider trading activity 105 days ago on Feb 09. DINH VIET D, the Chief Legal and Policy Officer of the company, disposed of 72,207 shares for $35.91 on Feb 09. It resulted in a $2,592,953 divestment by the insider. MURDOCH LACHLAN K added 126,773 shares at an average price of $36.50 on Aug 15. The insider now owns 815,335 shares following the transaction. On Aug 15, Executive Chair, CEO MURDOCH LACHLAN K sold 126,773 shares at $36.50 apiece. The transaction was valued at $4,627,214.

Valuation Metrics

Right now, Fox Corporation (FOX) has a P/E ratio of about 13.58. Besides these, the trailing price-to-sales (P/S) ratio of 1.01, the price-to-book (PB) ratio of 1.47.

The latest dividend of $0.25 per share was paid out, remained unchanged from last year’s $0.25. On Wednesday August 10 2022, a $0.01 dividend increase was announced.

Financial Health

Based on annual data, FOX earned $4.86 billion in gross profit and brought in $13.97 billion in revenue.

In Fox Corporation’s quarter-end financial report for December 30, it reported total debt of $7.2 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. FOX’s revenue fell -74.34% to $3.21 billion during the quarter, while net income inched up to $2.17 billion. While analysts expected Fox Corporation to report $0.29 quarterly earnings, the actual figure was $0.37 per share, beating the consensus estimate by 27.60%. During the quarter, the company generated $833.0 million in EBITDA. The liabilities of Fox Corporation were 12.14 billion at the end of its most recent quarter ended December 30, and its total debt was $8.22 billion. The value of shareholders’ equity is $504.64 million.

Technical Picture

This quick technical analysis looks at Fox Corporation’s (FOX) price momentum. With a historical volatility rate of 18.58%, the RSI 9-day stood at 45.49% on 24 May.

With respect to its five-day moving average, the current Fox Corporation price is up by +0.42% percent or $0.12. At present, FOX shares trade -4.41% below its 20-day simple moving average and +1.30% percent above its 100-day simple moving average. However, the stock is currently trading approximately -3.39% below its SMA50 and -8.07% below its SMA200.

Stochastic coefficient K was 38.60% and Stochastic coefficient D was 39.67%, while ATR was 0.63. Given the Stochastic reading of 38.72% for the 14-day period, the RSI (14) reading has been calculated as 43.71%. As of today, the MACD Oscillator reading stands at 0.06, while the 14-day reading stands at 0.06.

Analyst Ratings

Fox Corporation (FOX) has been rated Hold by analysts. According to 2 brokerage firms, FOX is a sell, and 14 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Fox Corporation stock as buy, with 7 recommending it as overweight.

With a median target price of $35.50, the current consensus forecast for the stock is $28.00 – $44.00. Based on these forecasts, analysts predict Fox Corporation (FOX) will achieve an average price target of $36.05.


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