Fox Corporation (NASDAQ: FOXA) has a higher price-to-earnings ratio of 18.58x compared to its average ratio, The 36-month beta value for FOXA is at 0.80. Analysts have varying views on the stock, with 8 analysts rating it as a “buy,” 6 rating it as “overweight,” 11 as “hold,” and 1 as “sell.”
The public float for FOXA is 237.38M, and currently, shorts hold a 7.35% of that float. The average trading volume for FOXA on April 02, 2024 was 3.46M shares.
FOXA) stock’s latest price update
Fox Corporation (NASDAQ: FOXA) has experienced a rise in its stock price by 0.26 compared to its previous closing price of 31.27. However, the company has seen a gain of 4.36% in its stock price over the last five trading days. New York Post reported 2024-03-15 that Pete Distad will run the yet-to be named new venture, which is expected to debut in the fall.
FOXA’s Market Performance
FOXA’s stock has risen by 4.36% in the past week, with a monthly rise of 5.24% and a quarterly rise of 5.41%. The volatility ratio for the week is 1.60% while the volatility levels for the last 30 days are 2.16% for Fox Corporation. The simple moving average for the past 20 days is 5.42% for FOXA’s stock, with a 0.09% simple moving average for the past 200 days.
Analysts’ Opinion of FOXA
Many brokerage firms have already submitted their reports for FOXA stocks, with Citigroup repeating the rating for FOXA by listing it as a “Buy.” The predicted price for FOXA in the upcoming period, according to Citigroup is $35 based on the research report published on February 23, 2024 of the current year 2024.
JP Morgan gave a rating of “Neutral” to FOXA, setting the target price at $36 in the report published on November 03rd of the previous year.
FOXA Trading at 3.30% 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 -11.45% of loss for the given period.
Volatility was left at 2.16%, however, over the last 30 days, the volatility rate increased by 1.60%, as shares surge +6.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.55% upper at present.
During the last 5 trading sessions, FOXA rose by +4.36%, which changed the moving average for the period of 200-days by -5.88% in comparison to the 20-day moving average, which settled at $29.84. In addition, Fox Corporation saw 5.66% 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 194,691 shares at the price of $29.57 back on Nov 29 ’23. After this action, MURDOCH KEITH RUPERT now owns 0 shares of Fox Corporation, valued at $5,757,013 using the latest closing price.
MURDOCH KEITH RUPERT, the Chair of Fox Corporation, sale 100,000 shares at $31.90 during a trade that took place back on Sep 15 ’23, which means that MURDOCH KEITH RUPERT is holding 128,964 shares at $3,190,000 based on the most recent closing price.
Stock Fundamentals for FOXA
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.3 for the gross margin
The net margin for Fox Corporation stands at 0.06. The total capital return value is set at 0.06. Equity return is now at value 7.66, with 3.64 for asset returns.
Based on Fox Corporation (FOXA), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 0.83. The interest coverage ratio of the stock is 4.43.
Currently, EBITDA for the company is 2.48 billion with net debt to EBITDA at 2.74. When we switch over and look at the enterprise to sales, we see a ratio of 1.34. The receivables turnover for the company is 4.85for trailing twelve months and the total asset turnover is 0.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.29.
Conclusion
In conclusion, Fox Corporation (FOXA) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
