At the time of writing, News Corp [NWSA] stock is trading at $26.09, down -0.99%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NWSA shares have lost -0.19% over the last week, with a monthly amount glided 1.28%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
News Corp [NASDAQ: NWSA] stock has seen the most recent analyst activity on February 08, 2024, when Macquarie upgraded its rating to a Outperform. On January 25, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $25 on the stock. Loop Capital downgraded its rating to a Hold and decreased its price target to $17 on October 17, 2022. Macquarie downgraded its rating to a Neutral but $21.10 remained the price target by the analyst firm on July 28, 2022. UBS upgraded its rating to Buy for this stock on July 26, 2021. In a note dated June 01, 2021, UBS downgraded an Neutral rating on this stock.
For the past year, the stock price of News Corp fluctuated between $15.59 and $28.00. Currently, Wall Street analysts expect the stock to reach $23 within the next 12 months. News Corp [NASDAQ: NWSA] shares were valued at $26.09 at the most recent close of the market. An investor can expect a potential drop of -11.84% based on the average NWSA price forecast.
Analyzing the NWSA fundamentals
According to News Corp [NASDAQ:NWSA], the company’s sales were 9.96B for trailing twelve months, which represents an 2.58% jump. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.03 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.39.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 25.92 points at the first support level, and at 25.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.27, and for the 2nd resistance point, it is at 26.45.
News Corp [NWSA] reported earnings per share of $0.26 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.19/share, meaning a difference of $0.07 and a surprise factor of 36.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.16 per share as compared to estimates of $0.1 per share, a difference of $0.06 representing a surprise of 60.00%.
Ratios To Look Out For
It is important to note that News Corp [NASDAQ:NWSA] has a current ratio of 1.44. In addition, the Quick Ratio stands at 1.33 and the Cash Ratio stands at 0.62. Considering the valuation of this stock, the price to sales ratio is 1.49, the price to book ratio is 1.82 and price to earnings (TTM) ratio is 65.75.
Transactions by insiders
Recent insider trading involved PANUCCIO SUSAN, Chief Financial Officer, that happened on Aug 16 ’23 when 10758.0 shares were sold. Chief Financial Officer, PANUCCIO SUSAN completed a deal on Aug 15 ’23 to sell 0.18 million shares. Meanwhile, General Counsel Pitofsky David B sold 58000.0 shares on Aug 15 ’23.
