A share price of Fox Corporation [FOXA] is currently trading at $46.90, up 2.42%. An important factor to consider is whether the stock is rising or falling in short-term value. The FOXA shares have gain 7.57% over the last week, with a monthly amount glided 12.88%, 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.
Fox Corporation experienced fluctuations in its stock price throughout the past year between $28.28 and $45.82. Currently, Wall Street analysts expect the stock to reach $41.28 within the next 12 months. Fox Corporation [NASDAQ: FOXA] shares were valued at $46.90 at the most recent close of the market. An investor can expect a potential drop of -11.98% based on the average FOXA price forecast.
Analyzing the FOXA fundamentals
Trailing Twelve Months sales for Fox Corporation [NASDAQ:FOXA] were 14.34B which represents 11.13% growth. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.18 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.65.
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 46.09 points at the first support level, and at 45.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.34, and for the 2nd resistance point, it is at 47.78.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Fox Corporation [NASDAQ:FOXA] is 2.59. On the other hand, the Quick Ratio is 2.33, and the Cash Ratio is 1.35. Considering the valuation of this stock, the price to sales ratio is 1.44, the price to book ratio is 1.90 and price to earnings (TTM) ratio is 11.46.
Transactions by insiders
Recent insider trading involved MURDOCH KEITH RUPERT, Chairman Emeritus, that happened on Nov 06 ’24 when 100000.0 shares were sold. Chairman Emeritus, Keith Rupert Murdoch completed a deal on Nov 06 ’24 to buy 100000.0 shares. Meanwhile, Chief Operating Officer NALLEN JOHN sold 0.18 million shares on Nov 05 ’24.
