The stock of The New York Times Company (NYSE:NYT) decreased by -$1.05 on Tuesday to finish at $42.96, down -2.39 percent. The last five days have seen an average of 1,902,860 shares of common stock traded. 16 times new highs were reached in the current year, with a gain of $10.50. The average number of shares traded over the last 20 days was 1,252,465, while the average volume over the last 50 days totaled 1,007,316.
NYT stock appreciated 3.52% since last month. On 07/27/23, the company’s shares reached a one-month low of $39.80. The stock touched a high of $45.30 on 08/09/23, after rallying from a low of $27.58 in 52 weeks. The price of NYT stock has risen by 32.35% or $10.50 this year, reaching a new high 16 times. Still, the stock price is down -5.17% from the 52-week high.
Insider Transactions
NYT stock investors should be aware that The New York Times Company (NYT) stock had its last reported insider trading activity 5 days ago on Aug 11. On Aug 11, Chairman and Publisher Sulzberger Arthur G. sold 8,500 shares at $44.23 each. This transaction resulted in the insider making $375,912. On Aug 10, KOPIT LEVIEN MEREDITH A. sold 22,788 shares at a price of US$43.92. After the transaction, the insider now owns 104,302 shares. EVP, GENERAL COUNSEL Brayton Diane had earlier sold 11,000 shares on Aug 10 for $44.03 a share. The transaction was completed for $484,306.
Valuation Metrics
The New York Times Company (NYT) has a trailing price-to-earnings (P/E) ratio of 40.41. Beta for the stock is 1.01. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.97, the price-to-book (PB) ratio of 4.41, and the price-to-cash flow ratio of 31.14.
Company paid $0.11 per share in dividends, remained unchanged from $0.11 last year. A $0.02 dividend increase was reported on Wednesday February 8 2023.
Financial Health
For the three months ended June 29, The New York Times Company’s quick ratio was 1.30, while its current ratio was 1.30, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 47.40% percent. The New York Times Company’s EBITDA margin for the year ended June 29 was 15.10%, whereas its operating margin stood at 9.60% for the same period. Based on annual data, it had gross profit of $1.1 billion and revenue of $2.31 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NYT’s return on assets (ROA) during the last 12 months has been 7.10%. There was a 8.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 11.20%.
Earnings Surprise
According to The New York Times Company’s quarterly financial report for the quarter that ended June 29, it had $171.22 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $590.85 million, while revenues rose by 5.95% to $560.74 million. It was predicted that The New York Times Company’s quarterly earnings would be $0.38, but it ended up being $0.21, beating the consensus by 81.00%. EBITDA was $80.13 million for the quarter. Equity owned by shareholders amounts to $164.34 million.
Technical Picture
Here’s a quick look at The New York Times Company’s (NYT) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 57.26%, suggesting the stock is Neutral, with a 45.30% historical volatility rate.
The stochastic %K and %D were 72.24% and 76.73% respectively, while the average true range (ATR) was 1.13. Based on the 14-day stochastic reading of 57.45%, the RSI (14) reading is 59.07%. On the 9-day MACD Oscillator, the stock is at 1.02, and the 14-day reading is at 1.87.
Analyst Ratings
In its most recent analyst report, Barclays raised its rating on The New York Times Company (NYSE: NYT) to an Equal weight. Prior to this, analysts firm rated the stock as an Underweight. Analysts have assigned The New York Times Company (NYT) an Overweight rating. NYT is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is NYT’s price target for the next 12 months?
The current consensus forecast for the stock is between $37.00 and $50.00, with a median target price of $43.00. In analyzing these forecasts, the average price target given by analysts for The New York Times Company (NYT) is $43.93.
