The stock of News Corporation (NASDAQ:NWS) increased by $0.09 on Friday to finish at $21.20, up 0.43 percent. The last five days have seen an average of 753,340 shares of common stock traded. 12 times new highs were reached in the current year, with a gain of $2.76. The average number of shares traded over the last 20 days was 902,655, while the average volume over the last 50 days totaled 759,666.
NWS stock appreciated 8.50% since last month. On 07/26/23, the company’s shares reached a one-month low of $19.36. The stock touched a high of $22.09 on 08/14/23, after rallying from a low of $15.15 in 52 weeks. The price of NWS stock has risen by 14.97% or $2.76 this year, reaching a new high 12 times. Still, the stock price is down -4.05% from the 52-week high.
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Insider Transactions
NWS stock investors should be aware that News Corporation (NWS) stock had its last reported insider trading activity 12 days ago on Aug 16. On Aug 16, Chief Financial Officer PANUCCIO SUSAN sold 10,758 shares at $21.38 each. This transaction resulted in the insider making $230,006. On Aug 15, PANUCCIO SUSAN sold 184,212 shares at a price of US$20.97. After the transaction, the insider now owns 165,045 shares. General Counsel Pitofsky David B had earlier sold 58,000 shares on Aug 15 for $20.98 a share. The transaction was completed for $1,216,608.
Valuation Metrics
News Corporation (NWS) has a trailing price-to-earnings (P/E) ratio of 81.54. Beta for the stock is 1.35. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.21, the price-to-book (PB) ratio of 1.50.
Company paid $0.10 per share in dividends, remained unchanged from $0.10 last year. A $0.05 dividend increase was reported on Thursday August 5 2021.
Financial Health
Based on annual data, it had gross profit of $4.75 billion and revenue of $9.88 billion.
Earnings Surprise
A lower net income was reported in the quarter under review than the previous quarter. EBITDA was $341.0 million for the quarter. At the end of News Corporation’s most recent quarter, its liabilities totaled 7.98 billion, while its total debt was $4.21 billion. Equity owned by shareholders amounts to $571.42 million.
Technical Picture
Here’s a quick look at News Corporation’s (NWS) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 55.55%, suggesting the stock is Neutral, with a 20.88% historical volatility rate.
The stochastic %K and %D were 49.47% and 53.54% respectively, while the average true range (ATR) was 0.43. Based on the 14-day stochastic reading of 45.59%, the RSI (14) reading is 57.44%. On the 9-day MACD Oscillator, the stock is at -0.03, and the 14-day reading is at -0.02.
Analyst Ratings
In its most recent analyst report, Citigroup raised its rating on News Corporation (NASDAQ: NWS) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned News Corporation (NWS) an Overweight rating. NWS is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is NWS’s price target for the next 12 months?
The current consensus forecast for the stock is between $10.00 and $10.00, with a median target price of $10.00. In analyzing these forecasts, the average price target given by analysts for News Corporation (NWS) is $10.00.
