Fox Corporation [FOXA] stock is trading at $47.06, down -0.04%. 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 1.80% over the last week, with a monthly amount drifted -0.88%, and not 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 [FOXA] stock has fluctuated between $28.28 and $47.67 over the past year. Currently, Wall Street analysts expect the stock to reach $43.64 within the next 12 months. Fox Corporation [NASDAQ: FOXA] shares were valued at $47.06 at the most recent close of the market. An investor can expect a potential drop of -7.27% based on the average FOXA price forecast.
Analyzing the FOXA fundamentals
Fox Corporation [NASDAQ:FOXA] reported sales of 14.34B for the trailing twelve months, which represents a growth of 11.13%. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.16%, 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 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.64.
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 46.32 points at the first support level, and at 45.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.55, and for the 2nd resistance point, it is at 48.04.
Ratios To Look Out For
For context, Fox Corporation’s Current Ratio is 2.59. Further, the Quick Ratio stands at 2.33, while the Cash Ratio is 1.35. Considering the valuation of this stock, the price to sales ratio is 1.45, the price to book ratio is 1.91 and price to earnings (TTM) ratio is 11.50.
Transactions by insiders
Recent insider trading involved MURDOCH KEITH RUPERT, Chairman Emeritus, that happened on Nov 26 ’24 when 0.77 million shares were sold. Chairman Emeritus, MURDOCH KEITH RUPERT completed a deal on Nov 25 ’24 to sell 0.19 million shares. Meanwhile, Chairman Emeritus Keith Rupert Murdoch bought 0.77 million shares on Nov 26 ’24.
