News Corporation (NASDAQ:NWS) finished Wednesday with an addition of $0.05 to close at $20.83, an upside of 0.24 percent. An average of 768,602 shares of common stock have been traded in the last five days. There was a gain of $0.70 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 702,661 shares traded, while the 50-day average volume stands at 751,026.
NWS stock has increased by 2.46% in the last month. The company shares reached their 1-month lowest point of $19.36 on 07/26/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $15.15 and a high of $21.86 in 52 weeks. It has reached a new high 11 times so far this year and achieved 12.96% or $2.40 in price. In spite of this, the price is down -4.71% from the 52-week high.
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Insider Transactions
NWS stock investors should be aware that News Corporation (NWS) stock had its last reported insider trading activity 160 days ago on Mar 03. In this transaction, the insider spent $409,165. General Counsel, Pitofsky David B, disposed of 82,028 shares at a price of $18.73 on Aug 15. The insider now owns more than $1,536,417 worth of shares.
Valuation Metrics
News Corporation (NWS) has a trailing price-to-earnings (P/E) ratio of 45.28. The stock’s beta is 1.37. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.16, the price-to-book (PB) ratio at 1.48.
The company has a payout ratio of 18.94%. The company’s most recent quarterly dividend payment was $0.10 a share, without any change from last year. Its latest increase dividend $0.05 reported on Thursday August 5 2021.
Financial Health
News Corporation’s EBITDA margin is 17.38%. Its gross profit as reported stood at $5.26 billion compared to revenue of $10.38 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at News Corporation (NWS) price momentum. RSI 9-day as of the close on 09 August was 73.85%, suggesting the stock is Overbought, with historical volatility in this time frame at 11.53%.
As of today, NWS’s price is $20.67 +3.48% or $0.70 from its 5-day moving average. NWS is currently trading +1.61% higher than its 20-day SMA and +29.76% higher than its 100-day SMA. However, the stock’s current price level is +10.15% above the SMA50 and +20.18% above the SMA200.
The stochastic %K and %D were 92.28% and 88.80%, respectively, and the average true range (ATR) was 0.39. With the 14-day stochastic at 89.16% and the average true range at 0.39, the RSI (14) stands at 67.47%. The stock has reached 0.39 on the 9-day MACD Oscillator while the 14-day reading was at 0.69.
Analyst Ratings
Citigroup upgraded News Corporation (NASDAQ: NWS) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for News Corporation (NWS) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NWS, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is NWS’s price target for the next 12 months?
Analysts predict a range of price targets between $10.00 and $10.00, with a median target of $10.00. Taking a look at these predictions, the average price target given by analysts for News Corporation (NWS) stock is $10.00.
