Fox Corporation (NASDAQ:FOX) finished Friday with an addition of $0.18 to close at $32.45, an upside of 0.56 percent. An average of 1,347,560 shares of common stock have been traded in the last five days. There was a gain of $1.37 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 996,555 shares traded, while the 50-day average volume stands at 1,025,560.
FOX stock has increased by 2.62% in the last month. The company shares reached their 1-month lowest point of $30.73 on 08/03/23. With the stock rallying to its 52-week high on 02/16/23, shares of the company touched a low of $26.35 and a high of $34.42 in 52 weeks. It has reached a new high 18 times so far this year and achieved 14.06% or $4.00 in price. In spite of this, the price is down -5.72% from the 52-week high.
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Insider Transactions
FOX stock investors should be aware that Fox Corporation (FOX) stock had its last reported insider trading activity 57 days ago on Jun 16. In this transaction, the insider spent $3,362,000. Chief Legal and Policy Officer, DINH VIET D, disposed of 72,207 shares at a price of $35.91 on Feb 09. The insider now owns more than $2,592,953 worth of shares. Prior to that, Executive Chair, CEO MURDOCH LACHLAN K went on to Sale 126,773 shares at $36.50 each on Aug 15. An amount of $4,627,214 was transacted.
Valuation Metrics
Fox Corporation (FOX) has a trailing price-to-earnings (P/E) ratio of 15.16. The stock’s beta is 0.91. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.14, the price-to-book (PB) ratio at 1.61.
The company has a payout ratio of 22.66%. The company’s most recent quarterly dividend payment was $0.26 a share, representing a up of 4.0% from $0.25 last year.
Financial Health
Fox Corporation’s EBITDA margin for the year ending December 30 is 21.02%. Its gross profit as reported stood at $4.86 billion compared to revenue of $13.97 billion.
Earnings Surprise
For the three-month period that ended December 30, Fox Corporation had $7.2 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 $1.28 billion in the quarter, while revenues were grew 76.58%. The analyst consensus anticipated Fox Corporation’s latest quarter earnings to come in at $0.29 per share, but it turned out to be $0.37, a 27.60% surprise. For the quarter, EBITDA amounted to $833.0 million. Shareholders own equity worth $504.64 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Fox Corporation (FOX) price momentum. RSI 9-day as of the close on 11 August was 64.22%, suggesting the stock is Neutral, with historical volatility in this time frame at 29.46%.
As of today, FOX’s price is $32.25 +4.41% or $1.37 from its 5-day moving average. FOX is currently trading +4.24% higher than its 20-day SMA and +5.70% higher than its 100-day SMA. However, the stock’s current price level is +11.09% above the SMA50 and +17.02% above the SMA200.
The stochastic %K and %D were 67.20% and 69.28%, respectively, and the average true range (ATR) was 0.67. With the 14-day stochastic at 68.53% and the average true range at 0.64, the RSI (14) stands at 61.45%. The stock has reached 0.66 on the 9-day MACD Oscillator while the 14-day reading was at 0.88.
Analyst Ratings
The consensus rating for Fox Corporation (FOX) among analysts is Hold. According to current brokerage recommendations, 3 brokerage firms advise that investors sell FOX, while 13 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 7 others rate it as a “buy”.
What is FOX’s price target for the next 12 months?
Analysts predict a range of price targets between $28.00 and $44.00, with a median target of $35.50. Taking a look at these predictions, the average price target given by analysts for Fox Corporation (FOX) stock is $36.13.
