Fox Corporation (NASDAQ: FOXA): Analyst View Points To Future Growth

Fox Corporation (FOXA) concluded trading on Thursday at a closing price of $53.84, with 4.69 million shares of worth about $252.45 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 15.12% during that period and on Thursday the price saw a loss of about -0.33%. Currently the company’s common shares owned by public are about 214.96M shares, out of which, 212.01M shares are available for trading.

Stock saw a price change of -1.66% in past 5 days and over the past one month there was a price change of 8.68%. Year-to-date (YTD), FOXA shares are showing a performance of 10.83% which increased to 54.67% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $32.76 but also hit the highest price of $58.74 during that period. The average intraday trading volume for Fox Corporation shares is 4.35 million. The stock is currently trading -1.38% below its 20-day simple moving average (SMA20), while that difference is up 3.17% for SMA50 and it goes to 11.40% higher than SMA200. Fox Corporation (NASDAQ: FOXA) currently have 214.96M outstanding shares and institutions hold larger chunk of about 52.80% of that.

The stock has a current market capitalization of $23.16B and its 3Y-monthly beta is at 0.53. PE ratio of stock for trailing 12 months is 13.39, while it has posted earnings per share of $4.02 in the same period. Its PEG reads 1.13 and has Quick Ratio of 2.33 while making debt-to-equity ratio of 0.70. 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 1.23% while standing at 1.94% over the month.

Stock’s fiscal year EPS is expected to rise by 30.88% while it is estimated to decrease by -5.97% in next year. EPS is likely to grow at an annualized rate of 11.80% for next 5-years, compared to annual growth of 4.01% made by the stock over the past 5-years.

Coverage by MoffettNathanson stated Fox Corporation (FOXA) stock as a Neutral in their note to investors on January 21, 2025, suggesting a price target of $52 for the stock. On September 09, 2024, Seaport Research Partners Downgrade their recommendations, while on August 16, 2024, Wells Fargo Upgrade their ratings for the stock with a price target of $46. Stock get a Buy rating from Goldman on June 25, 2024.

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