New York Times Co. (NYSE: NYT) has a price-to-earnings ratio that is above its average at 29.75x. The stock has a 36-month beta value of 1.01. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 1 as “sell.”
The public float for NYT is 160.01M, and at present, short sellers hold a 3.19% of that float. On April 19, 2024, the average trading volume of NYT was 1.28M shares.
NYT) stock’s latest price update
The stock price of New York Times Co. (NYSE: NYT) has jumped by 0.38 compared to previous close of 41.61. Despite this, the company has seen a fall of -4.39% in its stock price over the last five trading days. Reuters reported 2024-04-16 that Microsoft plans to invest $1.5 billion in G42, an artificial intelligence firm in the United Arab Emirates, the New York Times reported on Tuesday.
NYT’s Market Performance
NYT’s stock has fallen by -4.39% in the past week, with a monthly drop of -3.51% and a quarterly drop of -12.12%. The volatility ratio for the week is 1.95% while the volatility levels for the last 30 days are 1.59% for New York Times Co. The simple moving average for the last 20 days is -3.27% for NYT’s stock, with a simple moving average of -4.68% for the last 200 days.
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 -4.10% 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 -16.24% of loss for the given period.
Volatility was left at 1.59%, however, over the last 30 days, the volatility rate increased by 1.95%, as shares sank -3.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.91% lower at present.
During the last 5 trading sessions, NYT fell by -4.39%, which changed the moving average for the period of 200-days by +4.92% in comparison to the 20-day moving average, which settled at $43.10. In addition, New York Times Co. saw -14.74% 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 2.72. 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
To sum up, New York Times Co. (NYT) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
