The stock of News Corporation (NASDAQ:NWSA) increased by $0.38 on Monday to finish at $21.62, up 1.79 percent. The last five days have seen an average of 3,736,080 shares of common stock traded. 12 times new highs were reached in the current year, with a gain of $3.42. The average number of shares traded over the last 20 days was 2,653,275, while the average volume over the last 50 days totaled 2,319,832.
NWSA stock appreciated 6.98% since last month. On 07/26/23, the company’s shares reached a one-month low of $19.09. The stock touched a high of $21.69 on 02/02/23, after rallying from a low of $14.87 in 52 weeks. The price of NWSA stock has risen by 18.79% or $3.42 this year, reaching a new high 12 times. Still, the stock price is down -0.32% from the 52-week high.
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Insider Transactions
NWSA stock investors should be aware that News Corporation (NWSA) stock had its last reported insider trading activity 165 days ago on Mar 03. On Mar 03, General Counsel Pitofsky David B sold 23,750 shares at $17.23 each. This transaction resulted in the insider making $409,165.
Valuation Metrics
News Corporation (NWSA) has a trailing price-to-earnings (P/E) ratio of 47.21. Beta for the stock is 1.33. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.18, the price-to-book (PB) ratio of 1.54, and the price-to-cash flow ratio of 20.61.
Company paid $0.10 per share in dividends, remained unchanged from $0.10 last year. A $0.0150 dividend increase was reported on Thursday August 13 2015.
Financial Health
For the three months ended June 29, News Corporation’s quick ratio was 1.10, while its current ratio was 1.30, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.37, and the total debt to equity ratio is 0.37. As far as profitability goes, gross margin for the trailing twelve months is 48.50% percent. News Corporation’s operating margin stood at 3.60% for the same period. Based on annual data, it had gross profit of $5.26 billion and revenue of $10.38 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NWSA’s return on assets (ROA) during the last 12 months has been 1.80%. There was a 6.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 3.70%.
Earnings Surprise
According to News Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.45 billion, while revenues fell by -1.84% to $2.52 billion. It was predicted that News Corporation’s quarterly earnings would be $0.14, but it ended up being $0.08, beating the consensus by 75.00%. EBITDA was $320.0 million for the quarter. At the end of News Corporation’s most recent quarter ended June 29, its liabilities totaled 8.05 billion, while its total debt was $4.1 billion. Equity owned by shareholders amounts to $573.46 million.
Technical Picture
Here’s a quick look at News Corporation’s (NWSA) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 84.16%, suggesting the stock is Overbought, with a 22.00% historical volatility rate.
The stochastic %K and %D were 92.34% and 89.02% respectively, while the average true range (ATR) was 0.50. Based on the 14-day stochastic reading of 99.02%, the RSI (14) reading is 76.77%. On the 9-day MACD Oscillator, the stock is at 0.68, and the 14-day reading is at 1.00.
Analyst Ratings
In its most recent analyst report, Loop Capital raised its rating on News Corporation (NASDAQ: NWSA) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned News Corporation (NWSA) an Overweight rating. NWSA is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 5 others recommend it as a buy.
What is NWSA’s price target for the next 12 months?
The current consensus forecast for the stock is between $20.62 and $32.00, with a median target price of $23.50. In analyzing these forecasts, the average price target given by analysts for News Corporation (NWSA) is $24.69.
