News Corporation (NASDAQ:NWSA) finished Thursday with a subtraction of -$0.03 to close at $20.31, a downside of -0.15 percent. An average of 3,091,780 shares of common stock have been traded in the last five days. There was a gain of $0.60 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 2,366,680 shares traded, while the 50-day average volume stands at 2,262,716.
NWSA stock has increased by 0.74% in the last month. The company shares reached their 1-month lowest point of $19.09 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 $14.87 and a high of $21.69 in 52 weeks. It has reached a new high 12 times so far this year and achieved 11.59% or $2.11 in price. In spite of this, the price is down -6.36% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Insider Transactions
NWSA stock investors should be aware that News Corporation (NWSA) stock had its last reported insider trading activity 161 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 (NWSA) has a trailing price-to-earnings (P/E) ratio of 44.34. The stock’s beta is 1.34. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.15, the price-to-book (PB) ratio at 1.45, and the price-to-cash flow ratio at 40.81.
The company has a payout ratio of 43.50%. The company’s most recent quarterly dividend payment was $0.10 a share, without any change from last year. Its latest increase dividend $0.0150 reported on Thursday August 13 2015.
Financial Health
The quick ratio of News Corporation for the three months ended March 30 was 1.10, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.37 and a total debt to equity ratio of 0.37 for the quarter ending March 30. News Corporation’s EBITDA margin for the year ending March 30 is 17.38%, while its operating margin for the same period stands at 3.20%. Its gross profit as reported stood at $5.26 billion compared to revenue of $10.38 billion.
Earnings Surprise
For the three-month period that ended March 30, News Corporation had $2.96 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $50.0 million in the quarter, while revenues were shrunk -64.0%. The analyst consensus anticipated News Corporation’s latest quarter earnings to come in at $0.05 per share, but it turned out to be $0.09, a 80.00% surprise. For the quarter, EBITDA amounted to $320.0 million. Shareholders own equity worth $573.46 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at News Corporation (NWSA) price momentum. RSI 9-day as of the close on 10 August was 66.31%, suggesting the stock is Neutral, with historical volatility in this time frame at 13.80%.
As of today, NWSA’s price is $20.22 +3.04% or $0.60 from its 5-day moving average. NWSA is currently trading -0.10% lower than its 20-day SMA and +27.66% higher than its 100-day SMA. However, the stock’s current price level is +8.15% above the SMA50 and +18.08% above the SMA200.
The stochastic %K and %D were 87.61% and 82.78%, respectively, and the average true range (ATR) was 0.43. With the 14-day stochastic at 80.26% and the average true range at 0.42, the RSI (14) stands at 62.29%. The stock has reached 0.33 on the 9-day MACD Oscillator while the 14-day reading was at 0.59.
Analyst Ratings
Loop Capital upgraded News Corporation (NASDAQ: NWSA) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for News Corporation (NWSA) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NWSA, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 5 others rate it as a “buy”.
What is NWSA’s price target for the next 12 months?
Analysts predict a range of price targets between $19.50 and $30.00, with a median target of $24.06. Taking a look at these predictions, the average price target given by analysts for News Corporation (NWSA) stock is $23.95.
