A share price of News Corp [NWSA] is currently trading at $24.15, up 0.21%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NWSA shares have lost -2.74% over the last week, with a monthly amount drifted -5.11%, and not 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.
News Corp experienced fluctuations in its stock price throughout the past year between $16.35 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 $24.15 at the most recent close of the market. An investor can expect a potential drop of -4.76% based on the average NWSA price forecast.
Analyzing the NWSA fundamentals
Trailing Twelve Months sales for News Corp [NASDAQ:NWSA] were 9.96B which represents 2.58% growth. 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 24.07 points at the first support level, and at 24.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.29, and for the 2nd resistance point, it is at 24.44.
Ratios To Look Out For
To put it in perspective, the Current Ratio for News Corp [NASDAQ:NWSA] is 1.44. As well, the Quick Ratio is 1.33, while the Cash Ratio is 0.62. Considering the valuation of this stock, the price to sales ratio is 1.37, the price to book ratio is 1.69 and price to earnings (TTM) ratio is 60.86.
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.
