As of Thursday close, News Corporation’s (NASDAQ:NWS) stock was up $0.26, moving up 1.27 percent to $20.66. The average number of shares traded per day over the past five days has been 1,263,040 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.52 fall in that time frame. In the last twenty days, the average volume was 1,238,205, while in the previous 50 days, it was 962,170.
Since last month, NWS stock retreated -2.22%. Shares of the company fell to $20.15 on 09/21/23, the lowest level in the past month. A 52-week high of $22.14 was reached on 08/31/23 after having rallying from a 52-week low of $15.15. Since the beginning of this year, NWS’s stock price has risen by 12.04% or $2.22, and marked a new high 13 times. However, the stock has declined by -6.68% since its 52-week high.
NWS stock investors should be aware that News Corporation (NWS) stock had its last reported insider trading activity 37 days ago on Aug 16. PANUCCIO SUSAN, the Chief Financial Officer of the company, disposed of 10,758 shares for $21.38 on Aug 16. It resulted in a $230,006 divestment by the insider. PANUCCIO SUSAN sold 184,212 shares at an average price of $20.97 on Aug 15. The insider now owns 165,045 shares following the transaction. On Aug 15, General Counsel Pitofsky David B sold 58,000 shares at $20.98 apiece. The transaction was valued at $1,216,608.
Valuation Metrics
Right now, News Corporation (NWS) has a P/E ratio of about 79.46. The stock’s beta is 1.37. Besides these, the trailing price-to-sales (P/S) ratio of 1.17, the price-to-book (PB) ratio of 1.47.
The latest dividend of $0.10 per share was paid out, remained unchanged from last year’s $0.10. On Thursday August 5 2021, a $0.05 dividend increase was announced.
Financial Health
Based on annual data, NWS earned $4.75 billion in gross profit and brought in $9.88 billion in revenue.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. During the quarter, the company generated $341.0 million in EBITDA. The liabilities of News Corporation were 7.98 billion at the end of its most recent quarter, and its total debt was $4.21 billion. The value of shareholders’ equity is $571.42 million.
Technical Picture
This quick technical analysis looks at News Corporation’s (NWS) price momentum. With a historical volatility rate of 19.21%, the RSI 9-day stood at 38.45% on 21 September.
With respect to its five-day moving average, the current News Corporation price is down by -2.46% percent or -$0.52. At present, NWS shares trade -3.14% below its 20-day simple moving average and +16.39% percent above its 100-day simple moving average. However, the stock is currently trading approximately +1.62% above its SMA50 and +6.33% above its SMA200.
Stochastic coefficient K was 10.98% and Stochastic coefficient D was 6.88%, while ATR was 0.42. Given the Stochastic reading of 26.75% for the 14-day period, the RSI (14) reading has been calculated as 42.84%. As of today, the MACD Oscillator reading stands at -0.38, while the 14-day reading stands at -0.64.
Analyst Ratings
Citigroup upgraded its rating on News Corporation (NASDAQ: NWS) to a Buy in a note to investors on July 26, 2017. The analysts firm previously had a Neutral rating on the stock.News Corporation (NWS) has been rated Overweight by analysts. According to 0 brokerage firms, NWS is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate News Corporation stock as buy, with 2 recommending it as overweight.
With a median target price of $10.00, the current consensus forecast for the stock is $10.00 – $10.00. Based on these forecasts, analysts predict News Corporation (NWS) will achieve an average price target of $10.00.
