News Corp (NASDAQ:NWSA) finished Friday with an addition of $0.08 to close at $20.06, an upside of 0.40 percent. An average of 2,490,980 shares of common stock have been traded in the last five days. There was a gain of $0.38 in the past week, and it reached a new high 24 times over the past 12 months. The last 20 days have seen an average of 2,537,225 shares traded, while the 50-day average volume stands at 2,546,574.
NWSA stock has decreased by -5.95% in the last month. The company shares reached their 1-month lowest point of $19.45 on 09/21/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $14.87 and a high of $21.69 in 52 weeks. It has reached a new high 12 times so far this year and achieved 10.22% or $1.86 in price. In spite of this, the price is down -7.51% from the 52-week high.
Insider Transactions
NWSA stock investors should be aware that News Corp (NWSA) stock had its last reported insider trading activity 45 days ago on Aug 16. In this transaction, the insider spent $230,006. Chief Financial Officer, PANUCCIO SUSAN, disposed of 184,212 shares at a price of $20.97 on Aug 15. The insider now owns more than $3,863,662 worth of shares. Prior to that, General Counsel Pitofsky David B went on to Sale 58,000 shares at $20.98 each on Aug 15. An amount of $1,216,608 was transacted.
Valuation Metrics
News Corp (NWSA) has a trailing price-to-earnings (P/E) ratio of 78.02. The stock’s beta is 1.33. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.16, the price-to-book (PB) ratio at 1.42, and the price-to-cash flow ratio at 19.33.
The company has a payout ratio of 77.70%. The company’s most recent quarterly dividend payment was $0.10 a share, without any change from last year. Its latest increase dividend $0.0150 reported on Thursday August 13 2015.
Financial Health
The quick ratio of News Corp for the three months ended June 29 was 1.18, and the current ratio was 1.28, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.50 and a total debt to equity ratio of 0.52 for the quarter ending June 29. Its gross profit as reported stood at $4.75 billion compared to revenue of $9.88 billion.
Earnings Surprise
For the three-month period that ended June 29, News Corp had $2.94 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$8.0 million in the quarter, while revenues were grew 1475.0%. The analyst consensus anticipated News Corp’s latest quarter earnings to come in at $0.08 per share, but it turned out to be $0.14, a 75.00% surprise. For the quarter, EBITDA amounted to $341.0 million. Shareholders own equity worth $571.42 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at News Corp (NWSA) price momentum. RSI 9-day as of the close on 29 September was 47.95%, suggesting the stock is Neutral, with historical volatility in this time frame at 16.21%.
As of today, NWSA’s price is $19.81 +1.93% or $0.38 from its 5-day moving average. NWSA is currently trading -6.65% lower than its 20-day SMA and +17.04% higher than its 100-day SMA. However, the stock’s current price level is +0.91% above the SMA50 and +10.28% above the SMA200.
The stochastic %K and %D were 25.85% and 17.94%, respectively, and the average true range (ATR) was 0.37. With the 14-day stochastic at 37.89% and the average true range at 0.38, the RSI (14) stands at 46.36%. The stock has reached 0.09 on the 9-day MACD Oscillator while the 14-day reading was at -0.11.
Analyst Ratings
The consensus rating for News Corp (NWSA) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NWSA, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 6 others rate it as a “buy”.
What is NWSA’s price target for the next 12 months?
Analysts predict a range of price targets between $22.00 and $32.00, with a median target of $26.25. Taking a look at these predictions, the average price target given by analysts for News Corp (NWSA) stock is $26.42.
