The New York Times Company (NYSE:NYT) saw an upside of 7.70% to $43.96 after adding $3.14 on Tuesday. The 5-day average trading volume is 1,111,452 shares of the company’s common stock. It has gained $44.20 in the past week and touched a new high 4 times within the past 5 days. An average of 942,203 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 892,597.
NYT’s 1-month performance is 8.21% or $3.85 on its low of $39.72 reached on 07/10/23. The company’s shares have touched a 52-week low of $27.58 and high of $42.87, with the stock’s rally to the 52-week high happening on 08/08/23. YTD, NYT has achieved 35.44% or $11.33 and has reached a new high 15 times. However, the current price is up 2.55% from the 52-week high price.
Insider Transactions
NYT stock investors last saw insider trading activity on Feb 17.KOPIT LEVIEN MEREDITH A. (PRESIDENT & CEO) most recently sold 29,758 shares at $40.05 per share on Feb 17. This transaction cost the insider $1,191,751. EVP and CFO, Caputo Roland A., sold 12,500 shares at a price of $39.44 on Feb 10. Then, on Nov 18, Director Perpich David S. sold 6,478 shares at a price of $35.71 per share. This transaction amounted to $231,336.
Valuation Metrics
NYT stock has a beta of 1.03. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.09 while the price-to-book (PB) in the most recent quarter is 4.60, with the price to cash flow ratio at 59.15.
The New York Times Company’s quick ratio for the period ended March 30 was 1.20, with the current ratio over the same period at 1.20. In terms of profitability, the gross margin trailing 12 months is 47.10%. The trailing 12-month EBITDA margin is 15.10% while for the period ending March 30, The New York Times Company’s operating margin was 9.60%. The firm’s gross profit as reported stood at $1.1 billion against revenue of $2.31 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, The New York Times Company’s cash and short-term investments amounted to $139.35 million. Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 78.81% to $22.32 million, while revenue of $70.79 million was -217.16% off the previous quarter. Analysts expected NYT to announce $0.17 per share in earnings in its latest quarter, but it posted $0.19, representing a 11.80% surprise. EBITDA for the quarter stood at more than $51.23 million. Shareholders hold equity totaling $164.68 million.
Let’s look briefly at The New York Times Company (NYT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 75.54% to suggest the stock is trending Overbought, with historical volatility in this time period at 38.59%.
The stock’s 5-day moving average is $41.10, reflecting a +8.30% or $3.35 change from its current price. NYT is currently trading +5.45% above its 20-day SMA, +19.92% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +22.20% and SMA200 by+45.69%.
Stochastic %K and %D was 46.66% and 27.42% and the average true range (ATR) pointed at 1.11. The RSI (14) points at 70.67%, while the 14-day stochastic is at 90.80% with the period’s ATR at 0.99. The stock’s 9-day MACD Oscillator is pointing at 0.87 and 0.87 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for The New York Times Company (NYSE: NYT), Barclays upgraded it to an Equal weight rating. They previously had an Underweight rating on the stock. Analysts offering their rating for NYT stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate NYT as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.
What is NYT’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $36.00 and a high of $45.00, with their median price target at $40.00. Looking at these predictions, the average price target given by analysts is for The New York Times Company (NYT) stock is $40.14.
