News Corp (NWSA) concluded trading on Wednesday at a closing price of $24.27, with 5.25 million shares of worth about $127.49 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 19.09% during that period and on Wednesday February 7 the price saw a loss of about -1.66%. Currently the company’s common shares owned by public are about 379.95M shares, out of which, 376.06M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 127 times over the past 12 months. They bought 1,374,931 shares in 56 of the transactions. In 71 selling transactions, insiders dumped 1,691,427 shares.
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However, the stock later moved at a day high price of 24.75, or with a loss of -1.66%. Stock saw a price change of -1.50% in past 5 days and over the past one month there was a price change of -1.50%. Year-to-date (YTD), NWSA shares are showing a performance of -1.14% which increased to 16.85% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $15.57 but also hit the highest price of $25.11 during that period. The average intraday trading volume for News Corp shares is 2.56 million. The stock is currently trading -0.37% below its 20-day simple moving average (SMA20), while that difference is up 2.74% for SMA50 and it goes to 16.87% higher than SMA200.
News Corp (NASDAQ: NWSA) currently have 379.95M outstanding shares and institutions hold larger chunk of about 67.96% of that.
The stock has a current market capitalization of $13.78B and its 3Y-monthly beta is at 1.34. PE ratio of stock for trailing 12 months is 100.83, while it has posted earnings per share of $0.24 in the same period. It has Quick Ratio of 1.18 while making debt-to-equity ratio of 0.53. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NWSA, volatility over the week remained 2.34% while standing at 1.82% over the month.
Analysts are in expectations that News Corp (NWSA) stock would likely to be making an EPS of $0.19 in the current quarter, while forecast for next quarter EPS is $0.13 and it is $0.84 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.17 which is $0.22 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.14 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 35.05% while it is estimated to increase by 31.40% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on August 16, 2023 offering an Overweight rating for the stock and assigned a target price of $27.50 to it.
