Fox Corporation (NASDAQ:FOX) saw a downside of -0.33% to $30.49 after subtracting -$0.1on Wednesday. The 5-day average trading volume is 863,829 shares of the company’s common stock. It has gained $31.54 in the past week and touched a new high 1 time within the past 5 days. An average of 1,018,332 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 985,387.
FOX’s 1-month performance is -1.58% or -$0.90 on its low of $30.46 reached on 08/23/23. The company’s shares have touched a 52-week low of $26.35 and high of $34.42, with the stock’s rally to the 52-week high happening on 02/16/23. YTD, FOX has achieved 7.17% or $2.07 and has reached a new high 18 times. However, the current price is down -11.42% from the 52-week high price.
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Insider Transactions
FOX stock investors last saw insider trading activity on Aug 17.DINH VIET D (Chief Legal and Policy Officer) most recently sold 231,865 shares at $33.40 per share on Aug 17. This transaction cost the insider $7,744,098. Executive Chair, CEO, MURDOCH LACHLAN K, sold 141,367 shares at a price of $33.84 on Aug 15. Then, on Jun 16, Chair MURDOCH KEITH RUPERT sold 100,000 shares at a price of $33.62 per share. This transaction amounted to $3,362,000.
Valuation Metrics
FOX stock has a beta of 0.92. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.04 while the price-to-book (PB) in the most recent quarter is 1.46.
The firm’s gross profit as reported stood at $5.22 billion against revenue of $14.91 billion.
Earnings Surprise
For the quarterly period ending December 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 76.58% to $1.28 billion, while revenue of $567.0 million was 55.74% off the previous quarter. Analysts expected FOX to announce $0.29 per share in earnings in its latest quarter, but it posted $0.37, representing a 27.60% surprise. EBITDA for the quarter stood at more than $735.0 million. FOX stock balance sheet for the quarter ending December 30 shows that total liabilities totaled 11.42 billion, with total debt at $8.21 billion. Shareholders hold equity totaling $489.26 million.
Let’s look briefly at Fox Corporation (FOX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 34.87% to suggest the stock is trending Neutral, with historical volatility in this time period at 16.37%.
The stock’s 5-day moving average is $30.86, reflecting a -2.99% or -$0.94 change from its current price. FOX is currently trading -2.09% above its 20-day SMA, -1.20% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -2.68% and SMA200 by+8.92%.
Stochastic %K and %D was 4.85% and 9.99% and the average true range (ATR) pointed at 0.59. The RSI (14) points at 39.79%, while the 14-day stochastic is at 2.16% with the period’s ATR at 0.60. The stock’s 9-day MACD Oscillator is pointing at -0.62 and -0.86 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for FOX stock have a consensus rating for the stock as Hold. Currently, 3 brokerage advisors rate FOX as a “sell,”, while 13 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 7 have offered a “buy” rating.
What is FOX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $28.00 and a high of $44.00, with their median price target at $35.50. Looking at these predictions, the average price target given by analysts is for Fox Corporation (FOX) stock is $36.17.
