Fox Corporation (FOXA) Outlook Starting To Look Brighter?

Fox Corporation (FOXA) concluded trading on Thursday at a closing price of $47.48, with 3.79 million shares of worth about $179.82 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 45.29% during that period and on November 14, 2024 the price saw a gain of about 1.60%. Currently the company’s common shares owned by public are about 225.73M shares, out of which, 219.09M shares are available for trading.

Stock saw a price change of 6.29% in past 5 days and over the past one month there was a price change of 12.83%. Year-to-date (YTD), FOXA shares are showing a performance of 60.03% which increased to 57.79% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $28.28 but also hit the highest price of $47.11 during that period. The average intraday trading volume for Fox Corporation shares is 2.93 million. The stock is currently trading 9.12% above its 20-day simple moving average (SMA20), while that difference is up 12.73% for SMA50 and it goes to 32.71% higher than SMA200.

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Fox Corporation (NASDAQ: FOXA) currently have 225.73M outstanding shares and institutions hold larger chunk of about 55.33% of that.

The stock has a current market capitalization of $20.90B and its 3Y-monthly beta is at 0.78. PE ratio of stock for trailing 12 months is 11.60, while it has posted earnings per share of $4.09 in the same period. Its PEG reads 0.97 and has Quick Ratio of 2.33 while making debt-to-equity ratio of 0.72. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FOXA, volatility over the week remained 2.08% while standing at 1.90% over the month.

Stock’s fiscal year EPS is expected to rise by 18.67% while it is estimated to decrease by -7.08% in next year. EPS is likely to grow at an annualized rate of 12.00% for next 5-years, compared to annual growth of 4.01% made by the stock over the past 5-years.

Coverage by Wells Fargo stated Fox Corporation (FOXA) stock as an Overweight in their note to investors on August 16, 2024, suggesting a price target of $46 for the stock. On June 25, 2024, Goldman Initiated their recommendations, while on May 09, 2024, BofA Securities Upgrade their ratings for the stock with a price target of $40. Stock get a Buy rating from Seaport Research Partners on April 05, 2024.

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