As of Thursday close, News Corporation’s (NASDAQ:NWSA) stock was up $0.05, moving up 0.25 percent to $19.71. The average number of shares traded per day over the past five days has been 2,309,000 shares. 3 times new highs have been achieved over the past 5 days, with a $0.44 gain in that time frame. In the last twenty days, the average volume was 2,076,495, while in the previous 50 days, it was 2,131,258.
Since last month, NWSA stock rose 1.08%. Shares of the company fell to $18.98 on 07/06/23, the lowest level in the past month. A 52-week high of $21.69 was reached on 02/02/23 after having rallying from a 52-week low of $14.87. Since the beginning of this year, NWSA’s stock price has risen by 8.30% or $1.51, and marked a new high 12 times. However, the stock has declined by -9.13% since its 52-week high.
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NWSA stock investors should be aware that News Corporation (NWSA) stock had its last reported insider trading activity 154 days ago on Mar 03. Pitofsky David B, the General Counsel of the company, disposed of 23,750 shares for $17.23 on Mar 03. It resulted in a $409,165 divestment by the insider. Pitofsky David B sold 82,028 shares at an average price of $18.73 on Aug 15. The insider now owns 87,706 shares following the transaction.
Valuation Metrics
Right now, News Corporation (NWSA) has a P/E ratio of about 43.03. The stock’s beta is 1.35. Besides these, the trailing price-to-sales (P/S) ratio of 1.12, the price-to-book (PB) ratio of 1.40, and the price-to-cash flow ratio of 39.62 may also be considered.
The latest dividend of $0.10 per share was paid out, remained unchanged from last year’s $0.10. On Thursday August 13 2015, a $0.0150 dividend increase was announced.
Financial Health
In the three months ended March 30, News Corporation’s quick ratio stood at 1.10, while its current ratio was 1.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.37, and the total debt-to-equity ratio was 0.37. On the profitability front, the trailing twelve-month gross margin is 48.50% percent. In the year ended March 30, EBITDA margin amounted to 17.38%, whereas operating margins totaled 3.20%. Based on annual data, NWSA earned $5.26 billion in gross profit and brought in $10.38 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 6.70%. Return on equity (ROE) for the past 12 months was 3.30%.
In News Corporation’s quarter-end financial report for March 30, it reported total debt of $2.96 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. NWSA’s revenue fell -1.84% to $2.52 billion during the quarter, while net income inched up to $2.45 billion. While analysts expected News Corporation to report $0.05 quarterly earnings, the actual figure was $0.09 per share. During the quarter, the company generated $320.0 million in EBITDA. The liabilities of News Corporation were 8.05 billion at the end of its most recent quarter ended March 30, and its total debt was $4.19 billion. The value of shareholders’ equity is $573.46 million.
Technical Picture
This quick technical analysis looks at News Corporation’s (NWSA) price momentum. With a historical volatility rate of 15.82%, the RSI 9-day stood at 52.14% on 03 August.
With respect to its five-day moving average, the current News Corporation price is up by +2.28% percent or $0.44. At present, NWSA shares trade +1.13% above its 20-day simple moving average and +23.11% percent above its 100-day simple moving average. However, the stock is currently trading approximately +6.37% above its SMA50 and +26.35% above its SMA200.
Stochastic coefficient K was 39.54% and Stochastic coefficient D was 39.13%, while ATR was 0.40. Given the Stochastic reading of 38.51% for the 14-day period, the RSI (14) reading has been calculated as 52.89%. As of today, the MACD Oscillator reading stands at 0.23.
Analyst Ratings
Loop Capital upgraded its rating on News Corporation (NASDAQ: NWSA) to a Buy in a note to investors on January 25, 2023. The analysts firm previously had a Hold rating on the stock.News Corporation (NWSA) has been rated Overweight by analysts. According to 0 brokerage firms, NWSA is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate News Corporation stock as buy, with 5 recommending it as overweight.
With a median target price of $24.06, the current consensus forecast for the stock is $16.90 – $30.00. Based on these forecasts, analysts predict News Corporation (NWSA) will achieve an average price target of $23.58.
