The New Media Investment Group Inc. (NYSE:NEWM) is going up by 5.65% in today’s trading session, a rise equivalent to 0.49% of the stock’s price from yesterday’s market close. A news came out on 08/16/19 stating that Some Stocks Are About to Go Ex-Dividend. Here Are Some to Consider Buying. by BARRONS. The lowest point that the shares touched during the trading session was $8.50, while the peak of the day was recorded at a share price of $8.86. NEWM finished the previous session at $8.68 according to the data provided by Barchart, while the trading volume was observed to be $4,899,571.
In the 100 days of trading, NEWM managed to top a 9.33% Moving average. Additionally, New Media Investment Group Inc. shares have achieved a 52-week range between 7.08 and 16.25 alongside 100 days raw stochastic set at 50.30%.
The number of shares outstanding, according to the fundamentals of the company, is set at 60.41M, equal to the value of $524.36M in market capitalization. In the last 30 days, New Media Investment Group Inc. shares went down by -3.07%, adding 9.52 to growth in value, on top of a +12.53% boost since 08/19/19.
New Media Investment Group Inc. (NYSE:NEWM) Analyst’s Estimates
New Media Investment Group Inc. (NEWM) could record at least $0.13 per share in quarterly earnings in the upcoming report, a number that would actually represent an increase of 35.28% YOY.
According to the average analyst rating, New Media Investment Group Inc. would be rated as Buy. 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 OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
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 1.19. Additionally, New Media Investment Group Inc. is recording price volatility of 3.56% for the period of the last seven days and 3.10% 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 50.30% 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 77.86%. Stochastic %K for New Media Investment Group Inc., with the last 20 days included, was set at 54.23%, having Stochastic %D topping 54.22%. 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 -24.98% in metrics.
New Media Investment Group Inc. Insider Watch:
Similarly, 88.44% of the company’s float is held by institutions – and there are 256 institutions in total holding shares of this company. The top three institutional holders of NEWM stocks are: Blackrock Inc. with ownership of $83.07 million, which is approximately 8,799,298 of the company’s shares; Vanguard Group, Inc. (The), holding 5,981,135 shares of the stock with an approximate value of $56.46 million; and Dimensional Fund Advisors LP, currently with more than 4,829,354 shares of the company valued at $45.59 million. Positions in New Media Investment Group Inc. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 3 insider purchases amounting to 295,000 shares.