The New Media Investment Group Inc. (NYSE:NEWM) is going up by 0.25% in today’s trading session, a rise equivalent to 0.02% of the stock’s price from yesterday’s market close. A news came out on 08/09/19 stating that Disney, Wells Fargo, Care.com: Stocks That Defined The Week by WSJ. The lowest point that the shares touched during the trading session was $7.52, while the peak of the day was recorded at a share price of $8.17. NEWM finished the previous session at $8.14 according to the data provided by Barchart, while the trading volume was observed to be $873,664.
In the 100 days of trading, NEWM managed to top a 9.82% Moving average. Additionally, New Media Investment Group Inc. shares have achieved a 52-week range between 7.08 and 16.38 alongside 100 days raw stochastic set at 24.12%.
The number of shares outstanding, according to the fundamentals of the company, is set at 65.94M, equal to the value of $536.75M in market capitalization. Financial analysts indicate that NEWM shares should be still ranked as a “Buy”. In the last 30 days, New Media Investment Group Inc. shares went down by -28.55%, adding 11.35 to growth in value, on top of a +14.55% boost since 07/15/19.
New Media Investment Group Inc. (NYSE:NEWM) Analyst’s Estimates
New Media Investment Group Inc. (NEWM) could record at least $0.08 per share in quarterly earnings in the upcoming report on 10/31/2019, a number that would actually represent an increase of 29.51% YOY.
According to the average analyst rating, New Media Investment Group Inc. would be rated as 1.00. Out of 1 different analysts monitoring NEWM stock, 1 analysts rate the stock as a BUY, 0 suggest to give the rating of HOLD, 0 indicate that NEWM is an OUTPERFORM, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERPERFORM.
On Jul-22-19, the stock earned a Upgrade rating due to a new analyst call from Citigroup, while analysts from Citigroup believe that the stock is set at Neutral from Sell, as concluded on Mar-27-19. Citigroup, is still rather wary about the stock, deciding to keep the rating at Sell as confirmed through a call on Aug-24-16.
Regardless of the rating, Barrington Research did decrease their price from $22 to $19 as they are considering target share price analysis. Compass Point, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Jul-29-16, giving the stock a Neutral from the Buy rating.
NEWM Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +37.75% has been attained, while the operating margin has been recorded at +4.73%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 1.33%. Beta value of the stock is recorded at 1.17. Additionally, New Media Investment Group Inc. is recording price volatility of 10.72% for the period of the last seven days and 7.70% in the last 30 days.
New Media Investment Group Inc. (NYSE:NEWM) Technical Outlook
For the period of the last 50 days, New Media Investment Group Inc. had its Raw Stochastic average set at 24.12% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 24.12%. Stochastic %K for New Media Investment Group Inc., with the last 20 days included, was set at 22.95%, having Stochastic %D topping 22.07%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for New Media Investment Group Inc. stocks with recording -48.15% in metrics.
New Media Investment Group Inc. Insider Watch:
As far as the position of shares issued by New Media Investment Group Inc. (NYSE:NEWM) for the period concluded at the market close of 08/14/19, 79 institutional investors increased their positions in NEWM shares by 4,149,141, 88 decreased positions by 5,184,904 and 33 institutional investors decided to hold positions at 43,082,465. These numbers put the complete list of institutional holdings set at 52,416,510 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 18 institutional investments with 506,777 new shares in addition to having 29 institutional investors selling their positions in 2,149,338 shares.