News Corp (NASDAQ: NWS) has seen a rise in its stock price by 0.35 in relation to its previous close of 25.63. However, the company has experienced a -2.50% decline in its stock price over the last five trading sessions. Reuters reported 2024-03-11 that Rupert Murdoch’s News Corp and the owner of the Daily Mail have held talks about a potential joint takeover of the Telegraph alongside the UAE-backed investment fund RedBird IMI, Bloomberg News reported on Monday, citing people familiar with the matter.
Is It Worth Investing in News Corp (NASDAQ: NWS) Right Now?
The price-to-earnings ratio for News Corp (NASDAQ: NWS) is above average at 64.82x, Company’s 36-month beta value is 1.37.
The public float for NWS is 103.64M, and currently, short sellers hold a 3.89% ratio of that floaft. The average trading volume of NWS on April 12, 2024 was 760.52K shares.
NWS’s Market Performance
NWS’s stock has seen a -2.50% decrease for the week, with a -5.68% drop in the past month and a 1.58% gain in the past quarter. The volatility ratio for the week is 1.59%, and the volatility levels for the past 30 days are at 1.64% for News Corp The simple moving average for the past 20 days is -3.57% for NWS’s stock, with a 10.58% simple moving average for the past 200 days.
NWS Trading at -4.12% from the 50-Day Moving Average
After a stumble in the market that brought NWS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.07% of loss for the given period.
Volatility was left at 1.64%, however, over the last 30 days, the volatility rate increased by 1.59%, as shares sank -5.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.27% lower at present.
During the last 5 trading sessions, NWS fell by -2.50%, which changed the moving average for the period of 200-days by +34.31% in comparison to the 20-day moving average, which settled at $26.59. In addition, News Corp saw 0.00% 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 NWS starting from PANUCCIO SUSAN, who sale 10,758 shares at the price of $21.38 back on Aug 16 ’23. After this action, PANUCCIO SUSAN now owns 154,287 shares of News Corp, valued at $230,006 using the latest closing price.
PANUCCIO SUSAN, the Chief Financial Officer of News Corp, sale 184,212 shares at $20.97 during a trade that took place back on Aug 15 ’23, which means that PANUCCIO SUSAN is holding 165,045 shares at $3,863,662 based on the most recent closing price.
Stock Fundamentals for NWS
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.41 for the gross margin
The net margin for News Corp stands at 0.03. The total capital return value is set at 0.04. Equity return is now at value 2.80, with 1.36 for asset returns.
Based on News Corp (NWS), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at 0.52. The interest coverage ratio of the stock is 11.33.
Currently, EBITDA for the company is 1.29 billion with net debt to EBITDA at 2.59. When we switch over and look at the enterprise to sales, we see a ratio of 1.69. The receivables turnover for the company is 6.57for trailing twelve months and the total asset turnover is 0.6. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.44.
Conclusion
In a nutshell, News Corp (NWS) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
