At the last check on Thursday, Fox Corporation’s (NASDAQ:FOX) stock was up $0.69, moving up 2.40 percent to $29.42. The average number of shares traded per day over the past five days has been 1,397,391 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.22 fall in that time frame. In the last twenty days, the average volume was 1,072,258, while in the previous 50 days, it was 1,005,589.
Since last month, FOX stock retreated -3.82%. Shares of the company fell to $28.40 on 09/07/23, 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 3.41% or $0.85, and marked a new high 18 times. However, the stock has declined by -14.53% 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 6 days ago on Sep 15. MURDOCH KEITH RUPERT, the Chair of the company, disposed of 100,000 shares for $31.90 on Sep 15. It resulted in a $3,190,000 divestment by the insider. DINH VIET D sold 231,865 shares at an average price of $33.40 on Aug 17. The insider now owns 56,161 shares following the transaction. On Aug 15, Executive Chair, CEO MURDOCH LACHLAN K bought 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 12.63. The stock’s beta is 0.94. Besides these, the trailing price-to-sales (P/S) ratio of 1.01, the price-to-book (PB) ratio of 1.41.
The latest dividend of $0.26 per share was paid out, which is 4.0% more than last year’s $0.25. On Wednesday August 2 2023, a $0.01 dividend increase was announced.
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 24.62%, the RSI 9-day stood at 47.28% on 20 September.
With respect to its five-day moving average, the current Fox Corporation price is down by -0.75% percent or -$0.22. At present, FOX shares trade -4.37% below its 20-day simple moving average and -4.06% percent below its 100-day simple moving average. However, the stock is currently trading approximately -7.34% below its SMA50 and -4.28% below its SMA200.
Stochastic coefficient K was 30.32% and Stochastic coefficient D was 30.42%, while ATR was 0.68. Given the Stochastic reading of 39.82% for the 14-day period, the RSI (14) reading has been calculated as 45.13%. As of today, the MACD Oscillator reading stands at -0.10, while the 14-day reading stands at 0.05.
Analyst Ratings
Fox Corporation (FOX) has been rated Hold by analysts. According to 3 brokerage firms, FOX is a sell, and 12 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 $36.00, 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 $36.39.
