As of Friday close, Fox Corporation’s (NASDAQ:FOX) stock was up $0.36, moving up 1.16 percent to $31.29. The average number of shares traded per day over the past five days has been 869,520 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.16 fall in that time frame. In the last twenty days, the average volume was 1,043,445, while in the previous 50 days, it was 992,020.
Since last month, FOX stock retreated -1.39%. Shares of the company fell to $30.73 on 08/03/23, the lowest level in the past month. A 52-week high of $34.42 was reached on 02/16/23 after having rallying from a 52-week low of $26.35. Since the beginning of this year, FOX’s stock price has risen by 9.98% or $2.84, and marked a new high 18 times. However, the stock has declined by -9.09% since its 52-week high.
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FOX stock investors should be aware that Fox Corporation (FOX) stock had its last reported insider trading activity 2 days ago on Aug 17. DINH VIET D, the Chief Legal and Policy Officer of the company, disposed of 231,865 shares for $33.40 on Aug 17. It resulted in a $7,744,098 divestment by the insider. MURDOCH LACHLAN K added 141,367 shares at an average price of $33.84 on Aug 15. The insider now owns 956,702 shares following the transaction. On Aug 15, Executive Chair, CEO MURDOCH LACHLAN K sold 141,367 shares at $33.84 apiece. The transaction was valued at $4,783,859.
Valuation Metrics
Right now, Fox Corporation (FOX) has a P/E ratio of about 14.62. The stock’s beta is 0.91. Besides these, the trailing price-to-sales (P/S) ratio of 1.10, the price-to-book (PB) ratio of 1.53.
The latest dividend of $0.26 per share was paid out, which is 4.0% more than last year’s $0.25.
Financial Health
Based on annual data, FOX earned $5.22 billion in gross profit and brought in $14.91 billion in revenue.
In Fox Corporation’s quarter-end financial report for December 30, it reported total debt of $7.2 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. FOX’s revenue fell -74.34% to $3.21 billion during the quarter, while net income inched up to $2.17 billion. While analysts expected Fox Corporation to report $0.29 quarterly earnings, the actual figure was $0.37 per share, beating the consensus estimate by 27.60%. During the quarter, the company generated $735.0 million in EBITDA. The liabilities of Fox Corporation were 11.42 billion at the end of its most recent quarter ended December 30, and its total debt was $8.21 billion. The value of shareholders’ equity is $489.26 million.
Technical Picture
This quick technical analysis looks at Fox Corporation’s (FOX) price momentum. With a historical volatility rate of 34.38%, the RSI 9-day stood at 44.85% on 18 August.
With respect to its five-day moving average, the current Fox Corporation price is down by -3.57% percent or -$1.16. At present, FOX shares trade -0.41% below its 20-day simple moving average and +1.00% percent above its 100-day simple moving average. However, the stock is currently trading approximately +0.35% above its SMA50 and +15.04% above its SMA200.
Stochastic coefficient K was 19.79% and Stochastic coefficient D was 28.86%, while ATR was 0.67. Given the Stochastic reading of 22.31% for the 14-day period, the RSI (14) reading has been calculated as 47.20%. As of today, the MACD Oscillator reading stands at -0.71, while the 14-day reading stands at -0.43.
Analyst Ratings
Fox Corporation (FOX) has been rated Hold by analysts. According to 3 brokerage firms, FOX is a sell, and 13 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Fox Corporation stock as buy, with 7 recommending it as overweight.
With a median target price of $35.50, the current consensus forecast for the stock is $28.00 – $44.00. Based on these forecasts, analysts predict Fox Corporation (FOX) will achieve an average price target of $36.17.
