Better Times Ahead For New York Times Co. (NYSE: NYT)?

New York Times Co. (NYT) concluded trading on Wednesday at a closing price of $44.96, with 3.37 million shares of worth about $151.7 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 1.51% during that period and on Wednesday February 7 the price saw a loss of about -7.34%. Currently the company’s common shares owned by public are about 164.28M shares, out of which, 160.02M 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 68 times over the past 12 months. They bought 183,190 shares in 48 of the transactions. In 20 selling transactions, insiders dumped 204,842 shares.

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However, the stock later moved at a day high price of 46.33, or with a loss of -7.34%. Stock saw a price change of -7.41% in past 5 days and over the past one month there was a price change of -5.13%. Year-to-date (YTD), NYT shares are showing a performance of -8.23% which increased to 23.65% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $35.06 but also hit the highest price of $49.87 during that period. The average intraday trading volume for New York Times Co. shares is 1.27 million. The stock is currently trading -7.27% below its 20-day simple moving average (SMA20), while that difference is down -5.26% for SMA50 and it goes to 6.03% higher than SMA200.

New York Times Co. (NYSE: NYT) currently have 164.28M outstanding shares and institutions hold larger chunk of about 92.40% of that.

The stock has a current market capitalization of $7.39B and its 3Y-monthly beta is at 1.04. PE ratio of stock for trailing 12 months is 32.03, while it has posted earnings per share of $1.40 in the same period. Its PEG reads 2.42 and has Quick Ratio of 1.19 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NYT, volatility over the week remained 2.59% while standing at 2.12% over the month.

Analysts are in expectations that New York Times Co. (NYT) stock would likely to be making an EPS of $Nordic American Tankers Limited in the current quarter, while forecast for next quarter EPS is $4.18 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $NEXTracker Inc. which is $nVent Electric plc 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 $New York Times Company (The) in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 1.49% while it is estimated to increase by 12.73% in next year. EPS is likely to grow at an annualized rate of 13.25% for next 5-years, compared to annual growth of 13.25% made by the stock over the past 5-years.

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 Barclays on February 09, 2023 offering an Equal weight rating for the stock and assigned a target price range of between $25 and $36 to it.

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