News Corp (NASDAQ: NWS) has a price-to-earnings ratio that is above its average at 62.83x. The stock has a 36-month beta value of 1.39.
The public float for NWS is 103.64M, and at present, short sellers hold a 3.31% of that float. On May 09, 2024, the average trading volume of NWS was 734.57K shares.
NWS) stock’s latest price update
The stock price of News Corp (NASDAQ: NWS) has plunged by -1.27 when compared to previous closing price of 25.25, but the company has seen a 1.59% gain in its stock price over the last five trading sessions. Reuters reported 2024-05-08 that Media conglomerate News Corp on Wednesday missed Wall Street estimates for third-quarter revenue, weighed down by a sluggish advertising market and lower physical book sales at its book publishing business.
NWS’s Market Performance
News Corp (NWS) has experienced a 1.59% rise in stock performance for the past week, with a -5.35% drop in the past month, and a -1.46% drop in the past quarter. The volatility ratio for the week is 1.78%, and the volatility levels for the past 30 days are at 1.71% for NWS. The simple moving average for the last 20 days is -0.56% for NWS stock, with a simple moving average of 5.01% for the last 200 days.
NWS Trading at -4.84% 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 -13.80% of loss for the given period.
Volatility was left at 1.71%, however, over the last 30 days, the volatility rate increased by 1.78%, as shares sank -2.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.58% lower at present.
During the last 5 trading sessions, NWS rose by +1.59%, which changed the moving average for the period of 200-days by +27.39% in comparison to the 20-day moving average, which settled at $25.03. In addition, News Corp saw -3.07% 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 1.64. 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
To sum up, News Corp (NWS) has seen a mixed 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.
