News Corp (NASDAQ:NWSA) saw a downside of -1.01% to close Tuesday at $19.59 after subtracting -$0.2 on the day. The 5-day average trading volume is 3,109,820 shares of the company’s common stock. It has gained $20.30 in the past week and touched a new high 2 times within the past 5 days. An average of 2,524,635 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,527,590.
NWSA’s 1-month performance is -5.54% or -$1.15 on its low of $19.45 reached on 09/21/23. The company’s shares have touched a 52-week low of $14.87 and high of $21.69, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, NWSA has achieved 7.64% or $1.39 and has reached a new high 12 times. However, the current price is down -9.68% from the 52-week high price.
Insider Transactions
NWSA stock investors last saw insider trading activity on Aug 16.PANUCCIO SUSAN (Chief Financial Officer) most recently sold 10,758 shares at $21.38 per share on Aug 16. This transaction cost the insider $230,006. Chief Financial Officer, PANUCCIO SUSAN, sold 184,212 shares at a price of $20.97 on Aug 15. Then, on Aug 15, General Counsel Pitofsky David B sold 58,000 shares at a price of $20.98 per share. This transaction amounted to $1,216,608.
Valuation Metrics
NWSA stock has a beta of 1.34. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.13 while the price-to-book (PB) in the most recent quarter is 1.39, with the price to cash flow ratio at 18.88.
News Corp’s quick ratio for the recent period was 1.18, with the current ratio over the same period at 1.28.. In terms of profitability, the gross margin trailing 12 months is 40.88%. The firm’s gross profit as reported stood at $4.75 billion against revenue of $9.88 billion.
Earnings Surprise
Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 1475.0% to -$8.0 million, while revenue of $50.0 million was 725.0% off the previous quarter. EBITDA for the quarter stood at more than $341.0 million. NWSA stock balance sheet for the recent quarter shows that total liabilities totaled 7.98 billion, with total debt at $4.21 billion. Shareholders hold equity totaling $571.42 million.
Let’s look briefly at News Corp (NWSA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 30.97% to suggest the stock is trending Neutral, with historical volatility in this time period at 17.01%.
The stock’s 5-day moving average is $19.73, reflecting a -1.80% or -$0.36 change from its current price. NWSA is currently trading -6.22% above its 20-day SMA, +15.03% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -3.97% and SMA200 by+7.64%.
Stochastic %K and %D was 12.70% and 14.09% and the average true range (ATR) pointed at 0.39. The RSI (14) points at 36.09%, while the 14-day stochastic is at 7.61% with the period’s ATR at 0.39. The stock’s 9-day MACD Oscillator is pointing at -0.24 and -0.56 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for NWSA stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate NWSA as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 6 have offered a “buy” rating.
What is NWSA’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $22.00 and a high of $32.00, with their median price target at $26.25. Looking at these predictions, the average price target given by analysts is for News Corp (NWSA) stock is $26.42.
