As of Thursday close, The New York Times Company’s (NYSE:NYT) stock was up $0.49, moving up 1.18 percent to $42.03. The average number of shares traded per day over the past five days has been 1,309,500 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.28 fall in that time frame. In the last twenty days, the average volume was 957,265, while in the previous 50 days, it was 1,163,888.
Since last month, NYT stock retreated -0.99%. Shares of the company fell to $41.42 on 09/21/23, the lowest level in the past month. A 52-week high of $45.30 was reached on 08/09/23 after having rallying from a 52-week low of $27.58. Since the beginning of this year, NYT’s stock price has risen by 29.48% or $9.57, and marked a new high 16 times. However, the stock has declined by -7.22% since its 52-week high.
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NYT stock investors should be aware that The New York Times Company (NYT) stock had its last reported insider trading activity 42 days ago on Aug 11. Sulzberger Arthur G., the Chairman and Publisher of the company, disposed of 8,500 shares for $44.23 on Aug 11. It resulted in a $375,912 divestment by the insider. KOPIT LEVIEN MEREDITH A. sold 22,788 shares at an average price of $43.92 on Aug 10. The insider now owns 104,302 shares following the transaction. On Aug 10, EVP, GENERAL COUNSEL Brayton Diane sold 11,000 shares at $44.03 apiece. The transaction was valued at $484,306.
Valuation Metrics
Right now, The New York Times Company (NYT) has a P/E ratio of about 39.54. The stock’s beta is 1.02. Besides these, the trailing price-to-sales (P/S) ratio of 2.98, the price-to-book (PB) ratio of 4.31, and the price-to-cash flow ratio of 31.24 may also be considered.
The latest dividend of $0.11 per share was paid out, remained unchanged from last year’s $0.11. On Wednesday February 8 2023, a $0.02 dividend increase was announced.
Financial Health
In the three months ended June 29, The New York Times Company’s quick ratio stood at 1.30, while its current ratio was 1.30, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 47.40% percent. In the year ended June 29, EBITDA margin amounted to 15.10%, whereas operating margins totaled 9.60%. Based on annual data, NYT earned $1.1 billion in gross profit and brought in $2.31 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 8.80%. Return on equity (ROE) for the past 12 months was 11.20%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. NYT’s revenue rose 5.95% to $560.74 million during the quarter, while net income inched up to $590.85 million. While analysts expected The New York Times Company to report $0.21 quarterly earnings, the actual figure was $0.38 per share, beating the consensus estimate by 81.00%. During the quarter, the company generated $80.13 million in EBITDA. The liabilities of The New York Times Company were 871.85 million at the end of its most recent quarter ended June 29. The value of shareholders’ equity is $164.34 million.
Technical Picture
This quick technical analysis looks at The New York Times Company’s (NYT) price momentum. With a historical volatility rate of 14.57%, the RSI 9-day stood at 36.30% on 21 September.
With respect to its five-day moving average, the current The New York Times Company price is down by -2.96% percent or -$1.28. At present, NYT shares trade -2.10% below its 20-day simple moving average and +5.74% percent above its 100-day simple moving average. However, the stock is currently trading approximately +0.10% above its SMA50 and +18.70% above its SMA200.
Stochastic coefficient K was 10.06% and Stochastic coefficient D was 8.41%, while ATR was 0.82. Given the Stochastic reading of 17.09% for the 14-day period, the RSI (14) reading has been calculated as 42.51%. As of today, the MACD Oscillator reading stands at -0.87, while the 14-day reading stands at -1.41.
Analyst Ratings
Barclays upgraded its rating on The New York Times Company (NYSE: NYT) to an Equal weight in a note to investors on February 09, 2023. The analysts firm previously had an Underweight rating on the stock.The New York Times Company (NYT) has been rated Overweight by analysts. According to 0 brokerage firms, NYT is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate The New York Times Company stock as buy, with 3 recommending it as overweight.
With a median target price of $43.00, the current consensus forecast for the stock is $37.00 – $50.00. Based on these forecasts, analysts predict The New York Times Company (NYT) will achieve an average price target of $43.93.
