New York Times Co. (NYSE: NYT)’s stock price has plunge by -0.12relation to previous closing price of 43.30. Nevertheless, the company has seen a 3.54% surge in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-22 that Media stocks are important investments, especially as media giants transition from conventional to digital channels and the Trump Media & Technology Group (NASDAQ: DJT ), or TMTG, loses more than half its value from a 52-week high of $79.38. TMTG reported substantial losses for 2023, totaling about $58 million, against revenues of only $4.1 million.
Is It Worth Investing in New York Times Co. (NYSE: NYT) Right Now?
The price-to-earnings ratio for New York Times Co. (NYSE: NYT) is above average at 30.81x. The 36-month beta value for NYT is also noteworthy at 1.00. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 4 rating it as “hold,” and 1 rating it as “sell.”
The public float for NYT is 160.00M, and at present, short sellers hold a 2.65% of that float. The average trading volume of NYT on April 26, 2024 was 1.27M shares.
NYT’s Market Performance
The stock of New York Times Co. (NYT) has seen a 3.54% increase in the past week, with a -0.98% drop in the past month, and a -12.18% fall in the past quarter. The volatility ratio for the week is 1.92%, and the volatility levels for the past 30 days are at 1.76% for NYT. The simple moving average for the past 20 days is 0.68% for NYT’s stock, with a -1.46% simple moving average for the past 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 -0.18% 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 -13.27% of loss for the given period.
Volatility was left at 1.76%, however, over the last 30 days, the volatility rate increased by 1.92%, as shares sank -1.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.08% lower at present.
During the last 5 trading sessions, NYT rose by +3.54%, which changed the moving average for the period of 200-days by +4.14% in comparison to the 20-day moving average, which settled at $42.92. In addition, New York Times Co. saw -11.72% 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 2.82. 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 summary, New York Times Co. (NYT) 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.
