A share price of Fox Corporation [FOXA] is currently trading at $31.39, up 2.01%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The FOXA shares have gain 4.32% over the last week, with a monthly amount glided 3.87%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Fox Corporation [NASDAQ: FOXA] stock has seen the most recent analyst activity on April 05, 2024, when Seaport Research Partners upgraded its rating to a Buy but kept the price target unchanged to $37 for it. Previously, Citigroup upgraded its rating to Buy on February 23, 2024, and elevated its price target to $35. On January 04, 2024, upgrade upgraded it’s rating to Peer Perform. JP Morgan downgraded its rating to a Neutral and decreased its price target to $36 on November 03, 2023. Seaport Research Partners initiated its recommendation with a Neutral. Bernstein started tracking with a Mkt Perform rating for this stock on October 06, 2023, and assigned it a price target of $32. In a note dated July 10, 2023, Wells Fargo downgraded an Underweight rating on this stock and revised its target price from $35 to $31.
Fox Corporation experienced fluctuations in its stock price throughout the past year between $28.28 and $35.40. Currently, Wall Street analysts expect the stock to reach $40.91 within the next 12 months. Fox Corporation [NASDAQ: FOXA] shares were valued at $31.39 at the most recent close of the market. An investor can expect a potential return of 30.33% based on the average FOXA price forecast.
Analyzing the FOXA fundamentals
Trailing Twelve Months sales for Fox Corporation [NASDAQ:FOXA] were 14.56B which represents -8.06% decline. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.08 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.83.
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 31.00 points at the first support level, and at 30.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.65, and for the 2nd resistance point, it is at 31.91.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Fox Corporation [NASDAQ:FOXA] is 2.29. Further, the Quick Ratio stands at 2.01, while the Cash Ratio is 1.11. Considering the valuation of this stock, the price to sales ratio is 1.02, the price to book ratio is 1.46 and price to earnings (TTM) ratio is 18.60.
Transactions by insiders
Recent insider trading involved MURDOCH KEITH RUPERT, Chairman Emeritus, that happened on Nov 29 ’23 when 0.19 million shares were sold. Chair, MURDOCH KEITH RUPERT completed a deal on Sep 15 ’23 to sell 100000.0 shares. Meanwhile, Chief Legal and Policy Officer DINH VIET D sold 0.23 million shares on Aug 17 ’23.
