Fox Corporation [FOXA] stock prices are up 0.89% to $40.77 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The FOXA shares have gain 4.57% over the last week, with a monthly amount glided 9.92%, 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 August 16, 2024, when Wells Fargo upgraded its rating to a Overweight and also boosted its price target to $46 from $29. Previously, Goldman started tracking the stock with Buy rating on June 25, 2024, and set its price target to $42. On May 09, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $40 on the stock. Seaport Research Partners upgraded its rating to a Buy but stick to its price target of $37 on April 05, 2024. Citigroup upgraded its rating to a Buy and raised its price target to $35 on February 23, 2024. Wolfe Research upgraded its rating to Peer Perform for this stock on January 04, 2024. In a note dated November 03, 2023, JP Morgan downgraded an Neutral rating on this stock and revised its target price from $40 to $36.
The stock price of Fox Corporation [FOXA] has been fluctuating between $28.28 and $40.42 over the past year. Currently, Wall Street analysts expect the stock to reach $39.57 within the next 12 months. Fox Corporation [NASDAQ: FOXA] shares were valued at $40.77 at the most recent close of the market. An investor can expect a potential drop of -2.94% based on the average FOXA price forecast.
Analyzing the FOXA fundamentals
The Fox Corporation [NASDAQ:FOXA] reported sales of 13.98B for trailing twelve months, representing a surge of 1.98%. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.14 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.68.
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 40.48 points at the first support level, and at 40.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.98, and for the 2nd resistance point, it is at 41.20.
Ratios To Look Out For
It’s worth pointing out that Fox Corporation [NASDAQ:FOXA]’s Current Ratio is 2.54. On the other hand, the Quick Ratio is 2.33, and the Cash Ratio is 1.46. Considering the valuation of this stock, the price to sales ratio is 1.34, the price to book ratio is 1.76 and price to earnings (TTM) ratio is 13.01.
Transactions by insiders
Recent insider trading involved NALLEN JOHN, Chief Operating Officer, that happened on Aug 15 ’24 when 52874.0 shares were sold. Executive Chair, CEO, MURDOCH LACHLAN K completed a deal on Aug 15 ’24 to buy 0.12 million shares. Meanwhile, Executive Chair, CEO MURDOCH LACHLAN K sold 0.12 million shares on Aug 15 ’24.
