The The New York Times Company (NYSE:NYT) is going up by 0.47% in today’s trading session, a rise equivalent to 0.15% of the stock’s price from yesterday’s market close. A news came out on 11/06/19 stating that New York Times Adds More Online Subscribers, but Expects Continued Ad Declines, Higher Costs by WSJ. The lowest point that the shares touched during the trading session was $31.5696, while the peak of the day was recorded at a share price of $32.19. NYT finished the previous session at $32.17 according to the data provided by Barchart, while the trading volume was observed to be $540624.
In the 100 days of trading, NYT managed to top a 30.88% Moving average. Additionally, The New York Times Company shares have achieved a 52-week range between 21.34 and 36.25 alongside 100 days raw stochastic set at 56.18%.
The number of shares outstanding, according to the fundamentals of the company, is set at 167.87M, equal to the value of $5.40B in market capitalization. In the last 30 days, The New York Times Company shares went down by -0.34%, adding 32.46 to growth in value, on top of a +13.07% boost since 10/25/19.
The New York Times Company (NYSE:NYT) Analyst’s Estimates
The New York Times Company (NYT) could record at least $0.27 per share in quarterly earnings in the upcoming report on 02/05/2020, a number that would actually represent an increase of 0.82 YOY.
According to the average analyst rating, The New York Times Company would be rated as Overweight. Out of 5 different analysts monitoring NYT stock, 3 analysts rate the stock as a BUY, 1 suggest to give the rating of HOLD, 0 indicate that NYT is an OVERWEIGHT, 1 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On October 09, 2019, the stock earned a Initiated rating due to a new analyst call from Guggenheim, while analysts from Barclays believe that the stock is set at Underweight from Equal Weight, as concluded on November 06, 2018. Singular Research, is still rather wary about the stock, deciding to keep the rating at Sell as confirmed through a call on February 09, 2017.
Regardless of the rating, Barclays did increase their price from $14 to $15 as they are considering target share price analysis. FBR Capital, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on July 29, 2014, giving the stock a Mkt Perform rating.
NYT Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +59.21% has been attained, while the operating margin has been recorded at +11.52%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 5.85%. Beta value of the stock is recorded at 1.16. Additionally, The New York Times Company is recording price volatility of 2.52% for the period of the last seven days and 2.74% in the last 30 days.
The New York Times Company (NYSE:NYT) Technical Outlook
For the period of the last 50 days, The New York Times Company had its Raw Stochastic average set at 97.85% 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 97.14%. Stochastic %K for The New York Times Company, with the last 20 days included, was set at 95.25%, having Stochastic %D topping 86.48%. 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 encouraging for The New York Times Company stocks with recording 44.32% in metrics.
The New York Times Company Insider Watch:
Similarly, 107.54% of the company’s float is held by institutions – and there are 332 institutions in total holding shares of this company. The top three institutional holders of NYT stocks are: Vanguard Group, Inc. (The) with ownership of $403.07 million, which is approximately 14152623 of the company’s shares; Jackson Square Partners, LLC, holding 13367260 shares of the stock with an approximate value of $380.7 million; and Blackrock Inc., currently with more than 13310045 shares of the company valued at $379.07 million. Positions in The New York Times Company stocks held by institutional investors has been changing actively in the past six months, a period during which there were 21 insider purchases amounting to 137355 shares. Similarly, there were 2 sale transactions amounting to 202650 shares, with the net shares purchased during the last six months reaching -65,295.