New York Times Co.’s (NYT) Stock: A Long-Term Performance Analysis

The stock of New York Times Co. (NYT) has gone down by -1.67% for the week, with a -0.14% drop in the past month and a -12.04% drop in the past quarter. The volatility ratio for the week is 1.80%, and the volatility levels for the past 30 days are 1.72% for NYT. The simple moving average for the past 20 days is -0.82% for NYT’s stock, with a -1.03% simple moving average for the past 200 days.

Is It Worth Investing in New York Times Co. (NYSE: NYT) Right Now?

New York Times Co. (NYSE: NYT) has a higher price-to-earnings ratio of 30.70x compared to its average ratio, The 36-month beta value for NYT is at 1.01. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 4 as “hold,” and 1 as “sell.”

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The public float for NYT is 160.00M, and currently, shorts hold a 3.17% of that float. The average trading volume for NYT on April 03, 2024 was 1.34M shares.

NYT) stock’s latest price update

New York Times Co. (NYSE: NYT)’s stock price has plunge by 0.51relation to previous closing price of 42.87. Nevertheless, the company has seen a -1.67% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-02 that The accomplishment of The New York Times Company (NYT) is grounded in its efforts to diversify revenue streams, enhance cost-effectiveness and streamline operations.

Analysts’ Opinion of NYT

Many brokerage firms have already submitted their reports for NYT stocks, with Citigroup repeating the rating for NYT by listing it as a “Buy.” The predicted price for NYT in the upcoming period, according to Citigroup is $52 based on the research report published on March 12, 2024 of the current year 2024.

Argus, on the other hand, stated in their research note that they expect to see NYT reach a price target of $51. The rating they have provided for NYT stocks is “Buy” according to the report published on March 04th, 2024.

Barclays gave a rating of “Equal Weight” to NYT, setting the target price at $36 in the report published on February 09th of the previous year.

NYT Trading at -4.16% from the 50-Day Moving Average

After a stumble in the market that brought NYT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.60% of loss for the given period.

Volatility was left at 1.72%, however, over the last 30 days, the volatility rate increased by 1.80%, as shares surge +1.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.23% lower at present.

During the last 5 trading sessions, NYT fell by -1.67%, which changed the moving average for the period of 200-days by +16.62% in comparison to the 20-day moving average, which settled at $43.47. In addition, New York Times Co. saw -12.04% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at NYT starting from Brayton Diane, who sale 7,000 shares at the price of $42.84 back on Feb 22 ’24. After this action, Brayton Diane now owns 39,312 shares of New York Times Co., valued at $299,880 using the latest closing price.

KOPIT LEVIEN MEREDITH A., the PRESIDENT & CEO of New York Times Co., sale 13,543 shares at $44.11 during a trade that took place back on Feb 16 ’24, which means that KOPIT LEVIEN MEREDITH A. is holding 90,759 shares at $597,382 based on the most recent closing price.

Stock Fundamentals for NYT

Current profitability levels for the company are sitting at:

  • 0.11 for the present operating margin
  • 0.48 for the gross margin

The net margin for New York Times Co. stands at 0.1. The total capital return value is set at 0.13. Equity return is now at value 13.83, with 8.86 for asset returns.

Based on New York Times Co. (NYT), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 6.81. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is 264.94.

Currently, EBITDA for the company is 401.32 million with net debt to EBITDA at -0.61. When we switch over and look at the enterprise to sales, we see a ratio of 2.81. The receivables turnover for the company is 9.86for trailing twelve months and the total asset turnover is 0.89. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.28.

Conclusion

In conclusion, New York Times Co. (NYT) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.

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