News Corp (NASDAQ: NWSA) has seen a decline in its stock price by -0.74 in relation to its previous close of 24.28. However, the company has experienced a -5.53% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-18 that Film and television production and distribution companies like WMG, NWSA, LGF.A and IMAX benefit from the higher consumption of digital entertainment and a recovering ad spending environment.
Is It Worth Investing in News Corp (NASDAQ: NWSA) Right Now?
The price-to-earnings ratio for News Corp (NASDAQ: NWSA) is above average at 60.74x. The 36-month beta value for NWSA is also noteworthy at 1.36. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 5 rating it as “hold,” and 1 rating it as “sell.”
The public float for NWSA is 375.74M, and at present, short sellers hold a 2.28% of that float. The average trading volume of NWSA on April 17, 2024 was 2.93M shares.
NWSA’s Market Performance
NWSA stock saw a decrease of -5.53% in the past week, with a monthly decline of -5.53% and a quarterly a decrease of 1.47%. The volatility ratio for the week is 1.84%, and the volatility levels for the last 30 days are 1.63% for News Corp (NWSA). The simple moving average for the last 20 days is -5.80% for NWSA stock, with a simple moving average of 6.85% for the last 200 days.
Analysts’ Opinion of NWSA
Morgan Stanley, on the other hand, stated in their research note that they expect to see NWSA reach a price target of $27.50. The rating they have provided for NWSA stocks is “Overweight” according to the report published on August 16th, 2023.
Loop Capital gave a rating of “Buy” to NWSA, setting the target price at $25 in the report published on January 25th of the previous year.
NWSA Trading at -6.63% from the 50-Day Moving Average
After a stumble in the market that brought NWSA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.93% of loss for the given period.
Volatility was left at 1.63%, however, over the last 30 days, the volatility rate increased by 1.84%, as shares sank -5.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.43% lower at present.
During the last 5 trading sessions, NWSA fell by -5.53%, which changed the moving average for the period of 200-days by +23.40% in comparison to the 20-day moving average, which settled at $25.52. In addition, News Corp saw -1.83% 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 NWSA 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 NWSA
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.41 for the gross margin
The net margin for News Corp stands at 0.02. The total capital return value is set at 0.05. Equity return is now at value 2.80, with 1.36 for asset returns.
Based on News Corp (NWSA), the company’s capital structure generated 0.28 points at debt to capital in total, while cash flow to debt ratio is standing at 0.39. The debt to equity ratio resting at 0.39. The interest coverage ratio of the stock is 6.1.
Currently, EBITDA for the company is 1.29 billion with net debt to EBITDA at 1.83. When we switch over and look at the enterprise to sales, we see a ratio of 1.64. The receivables turnover for the company is 6.21for 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 summary, News Corp (NWSA) has had a mixed performance as of late. Analysts have mixed 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.
