At the time of writing, Fox Corporation [FOXA] stock is trading at $42.00, down -0.07%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FOXA shares have gain 0.70% over the last week, with a monthly amount glided 0.02%, 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 September 09, 2024, when Seaport Research Partners downgraded its rating to a Neutral. Previously, Wells Fargo upgraded its rating to Overweight on August 16, 2024, and elevated its price target to $46. On June 25, 2024, Goldman initiated with a Buy rating and assigned a price target of $42 on the stock. BofA Securities upgraded its rating to a Buy and increased its price target to $40 on May 09, 2024. Seaport Research Partners upgraded its rating to a Buy but $37 remained the price target by the analyst firm on April 05, 2024. Citigroup upgraded its rating to Buy for this stock on February 23, 2024, and upped its price target to $35. In a note dated January 04, 2024, Wolfe Research upgraded an Peer Perform rating on this stock.
For the past year, the stock price of Fox Corporation fluctuated between $28.28 and $42.85. Currently, Wall Street analysts expect the stock to reach $40.69 within the next 12 months. Fox Corporation [NASDAQ: FOXA] shares were valued at $42.00 at the most recent close of the market. An investor can expect a potential drop of -3.12% based on the average FOXA price forecast.
Analyzing the FOXA fundamentals
According to Fox Corporation [NASDAQ:FOXA], the company’s sales were 13.98B for trailing twelve months, which represents an 1.98% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.68.
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 41.78 points at the first support level, and at 41.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.29, and for the 2nd resistance point, it is at 42.58.
Ratios To Look Out For
It is important to note that Fox Corporation [NASDAQ:FOXA] has a current ratio of 2.54. As well, the Quick Ratio is 2.33, while the Cash Ratio is 1.46. Considering the valuation of this stock, the price to sales ratio is 1.32, the price to book ratio is 1.81 and price to earnings (TTM) ratio is 13.40.
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.
