The stock price of New York Times Co. (NYSE: NYT) has surged by 1.52 when compared to previous closing price of 51.98, but the company has seen a 4.60% gain in its stock price over the last five trading sessions. news.sky.com reported 2024-07-03 that Joe Biden has told an ally he is weighing up whether to run against Donald Trump in November’s US election, the New York Times is reporting.
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 34.88x, which is above its average ratio. Moreover, the 36-month beta value for NYT is 1.05. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 1 as “sell.”
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The public float for NYT is 160.03M and currently, short sellers hold a 3.29% of that float. On July 04, 2024, NYT’s average trading volume was 1.07M shares.
NYT’s Market Performance
NYT stock saw an increase of 4.60% in the past week, with a monthly gain of 3.55% and a quarterly increase of 21.98%. The volatility ratio for the week is 1.64%, and the volatility levels for the last 30 days are 1.55% for New York Times Co. (NYT). The simple moving average for the past 20 days is 4.39% for NYT’s stock, with a 16.26% 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 8.87% 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 able to rebound, for now settling with 1.42% of gains for the given period.
Volatility was left at 1.55%, however, over the last 30 days, the volatility rate increased by 1.64%, as shares surge +3.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.21% upper at present.
During the last 5 trading sessions, NYT rose by +3.67%, which changed the moving average for the period of 200-days by +23.20% in comparison to the 20-day moving average, which settled at $50.64. In addition, New York Times Co. saw 7.72% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NYT starting from BENTEN R ANTHONY, who sale 5,171 shares at the price of $48.98 back on May 21 ’24. After this action, BENTEN R ANTHONY now owns 38,576 shares of New York Times Co., valued at $253,283 using the latest closing price.
KOPIT LEVIEN MEREDITH A., the PRESIDENT & CEO of New York Times Co., sale 12,548 shares at $47.72 during a trade that took place back on May 10 ’24, which means that KOPIT LEVIEN MEREDITH A. is holding 120,072 shares at $598,841 based on the most recent closing price.
Stock Fundamentals for NYT
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.47 for the gross margin
The net margin for New York Times Co. stands at 0.1. The total capital return value is set at 0.14. Equity return is now at value 15.08, with 9.83 for asset returns.
Currently, EBITDA for the company is 401.32 million with net debt to EBITDA at -0.5. When we switch over and look at the enterprise to sales, we see a ratio of 3.4. The receivables turnover for the company is 13.59for trailing twelve months and the total asset turnover is 0.94. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.25.
Conclusion
To wrap up, the performance of New York Times Co. (NYT) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
