Fox Corporation (NASDAQ:FOX) saw an upside of 4.22% to $32.46 after adding $1.32 on Tuesday. The 5-day average trading volume is 999,843 shares of the company’s common stock. It has gained $33.02 in the past week and touched a new high 3 times within the past 5 days. An average of 835,466 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,120,454.
FOX’s 1-month performance is 2.67% or $0.88 on its low of $30.73 reached on 08/03/23. The company’s shares have touched a 52-week low of $26.35 and high of $34.42, with the stock’s rally to the 52-week high happening on 02/16/23. YTD, FOX has achieved 14.08% or $4.35 and has reached a new high 18 times. However, the current price is down -5.71% from the 52-week high price.
Insider Transactions
FOX stock investors last saw insider trading activity on Jun 16.MURDOCH KEITH RUPERT (Chair) most recently sold 100,000 shares at $33.62 per share on Jun 16. This transaction cost the insider $3,362,000. Chief Legal and Policy Officer, DINH VIET D, sold 72,207 shares at a price of $35.91 on Feb 09. Then, on Aug 15, Executive Chair, CEO MURDOCH LACHLAN K sold 126,773 shares at a price of $36.50 per share. This transaction amounted to $4,627,214.
Valuation Metrics
FOX stock has a beta of 0.93. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.14 while the price-to-book (PB) in the most recent quarter is 1.61.
The trailing 12-month EBITDA margin is 21.02%. 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 down 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 $833.0 million. FOX stock balance sheet for the quarter ending December 30 shows that total liabilities totaled 12.14 billion, with total debt at $8.22 billion. Shareholders hold equity totaling $504.64 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 07 August was 75.42% to suggest the stock is trending Overbought, with historical volatility in this time period at 26.81%.
The stock’s 5-day moving average is $31.45, reflecting a +5.03% or $1.57 change from its current price. FOX is currently trading +3.47% above its 20-day SMA, +9.96% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +13.42% and SMA200 by+18.58%.
Stochastic %K and %D was 48.55% and 32.61% and the average true range (ATR) pointed at 0.65. The RSI (14) points at 68.56%, while the 14-day stochastic is at 90.39% with the period’s ATR at 0.61. The stock’s 9-day MACD Oscillator is pointing at 0.33 and 0.35 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for FOX stock have a consensus rating for the stock as Hold. Currently, 3 brokerage advisors rate FOX as a “sell,”, while 13 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 7 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 $28.00 and a high of $44.00, with their median price target at $35.00. Looking at these predictions, the average price target given by analysts is for Fox Corporation (FOX) stock is $35.58.
