Fox Corporation (FOXA) Beta Value: Understanding the Market Risk

The price-to-earnings ratio for Fox Corporation (NASDAQ: FOXA) is above average at 13.81x. The 36-month beta value for FOXA is also noteworthy at 0.87. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 0 rating it as “overweight,” 14 rating it as “hold,” and 3 rating it as “sell.”

The average price estimated by analysts for FOXA is $36.31, which is $4.43 above than the current price. The public float for FOXA is 380.34M, and at present, short sellers hold a 4.18% of that float. The average trading volume of FOXA on September 18, 2023 was 4.17M shares.

FOXA) stock’s latest price update

Fox Corporation (NASDAQ: FOXA)’s stock price has decreased by -0.47 compared to its previous closing price of 32.03. However, the company has seen a 1.66% increase in its stock price over the last five trading sessions. Market Watch reported 2023-09-12 that NEW YORK — New York City’s pension funds and the state of Oregon sued Fox Corporation on Tuesday, alleging the company harmed investors by allowing Fox News to broadcast falsehoods about the 2020 election that exposed the network to defamation lawsuits.

FOXA’s Market Performance

FOXA’s stock has risen by 1.66% in the past week, with a monthly drop of -5.09% and a quarterly drop of -5.32%. The volatility ratio for the week is 2.41% while the volatility levels for the last 30 days are 2.26% for Fox Corporation The simple moving average for the past 20 days is -1.27% for FOXA’s stock, with a -3.27% simple moving average for the past 200 days.

Analysts’ Opinion of FOXA

Many brokerage firms have already submitted their reports for FOXA stocks, with Wells Fargo repeating the rating for FOXA by listing it as a “Underweight.” The predicted price for FOXA in the upcoming period, according to Wells Fargo is $31 based on the research report published on July 10, 2023 of the current year 2023.

FOXA Trading at -3.70% from the 50-Day Moving Average

After a stumble in the market that brought FOXA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.44% of loss for the given period.

Volatility was left at 2.26%, however, over the last 30 days, the volatility rate increased by 2.41%, as shares sank -3.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.35% lower at present.

During the last 5 trading sessions, FOXA rose by +1.66%, which changed the moving average for the period of 200-days by +2.84% in comparison to the 20-day moving average, which settled at $32.24. In addition, Fox Corporation saw 4.97% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at FOXA starting from MURDOCH KEITH RUPERT, who sale 100,000 shares at the price of $31.90 back on Sep 15. After this action, MURDOCH KEITH RUPERT now owns 128,964 shares of Fox Corporation, valued at $3,190,000 using the latest closing price.

DINH VIET D, the Chief Legal and Policy Officer of Fox Corporation, sale 231,865 shares at $33.40 during a trade that took place back on Aug 17, which means that DINH VIET D is holding 56,161 shares at $7,744,098 based on the most recent closing price.

Stock Fundamentals for FOXA

Current profitability levels for the company are sitting at:

• +18.53 for the present operating margin
• +32.27 for the gross margin

The net margin for Fox Corporation stands at +8.31. Equity return is now at value 11.30, with 5.50 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 1.93.

Conclusion

In summary, Fox Corporation (FOXA) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.