News Corp (NWSA) concluded trading on Wednesday at a closing price of $29.15, with 3.92 million shares of worth about $114.2 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 12.33% during that period and on November 20, 2024 the price saw a gain of about 1.22%. Currently the company’s common shares owned by public are about 378.67M shares, out of which, 378.57M shares are available for trading.
Stock saw a price change of 1.04% in past 5 days and over the past one month there was a price change of 11.64%. Year-to-date (YTD), NWSA shares are showing a performance of 18.74% which increased to 36.98% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $20.95 but also hit the highest price of $30.03 during that period. The average intraday trading volume for News Corp shares is 2.37 million. The stock is currently trading 3.69% above its 20-day simple moving average (SMA20), while that difference is up 8.00% for SMA50 and it goes to 9.74% higher than SMA200.
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News Corp (NASDAQ: NWSA) currently have 378.67M outstanding shares and institutions hold larger chunk of about 67.78% of that.
The stock has a current market capitalization of $17.15B and its 3Y-monthly beta is at 1.37. PE ratio of stock for trailing 12 months is 47.02, while it has posted earnings per share of $0.62 in the same period. Its PEG reads 2.37 and has Quick Ratio of 1.26 while making debt-to-equity ratio of 0.49. 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 1.99% while standing at 2.02% over the month.
Stock’s fiscal year EPS is expected to rise by 16.23% while it is estimated to increase by 20.19% in next year. EPS is likely to grow at an annualized rate of 19.85% for next 5-years, compared to annual growth of 11.96% made by the stock over the past 5-years.
Coverage by Morgan Stanley stated News Corp (NWSA) stock as an Overweight in their note to investors on August 16, 2023, suggesting a price target of $27.50 for the stock. On January 25, 2023, Loop Capital Upgrade their recommendations, while on October 17, 2022, Loop Capital Downgrade their ratings for the stock with a price target of $17. Stock get a Neutral rating from Macquarie on July 28, 2022.
