Some Investing Thoughts On Fox Corporation (NASDAQ: FOXA)

Fox Corporation (FOXA) concluded trading on Thursday at a closing price of $51.02, with 2.98 million shares of worth about $151.82 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 32.80% during that period and on January 30, 2025 the price saw a gain of about 1.17%. Currently the company’s common shares owned by public are about 222.25M shares, out of which, 219.06M shares are available for trading.

Stock saw a price change of 5.07% in past 5 days and over the past one month there was a price change of 3.13%. Year-to-date (YTD), FOXA shares are showing a performance of 5.02% which increased to 57.71% 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 $50.88 during that period. The average intraday trading volume for Fox Corporation shares is 3.78 million. The stock is currently trading 4.11% above its 20-day simple moving average (SMA20), while that difference is up 6.30% for SMA50 and it goes to 26.83% higher than SMA200.

Fox Corporation (NASDAQ: FOXA) currently have 222.25M outstanding shares and institutions hold larger chunk of about 55.44% of that.

The stock has a current market capitalization of $22.69B and its 3Y-monthly beta is at 0.77. PE ratio of stock for trailing 12 months is 12.47, while it has posted earnings per share of $4.09 in the same period. Its PEG reads 1.52 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 1.97% while standing at 1.71% over the month.

Stock’s fiscal year EPS is expected to rise by 21.41% while it is estimated to decrease by -6.98% in next year. EPS is likely to grow at an annualized rate of 8.21% for next 5-years, compared to annual growth of 4.01% 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 MoffettNathanson on January 21, 2025 offering a Neutral rating for the stock and assigned a target price range of between $51 and $52 to it. On August 16, 2024, Wells Fargo Upgrade their recommendations, while on June 25, 2024, Goldman Initiated their ratings for the stock with a price target of $42. Stock get a Buy rating from BofA Securities on May 09, 2024.

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