News Corp (NASDAQ: NWS) has a price-to-earnings ratio of 59.23x that is above its average ratio. Additionally, the 36-month beta value for NWS is 1.39.
The public float for NWS is 87.64M and currently, short sellers hold a 3.19% ratio of that float. The average trading volume of NWS on September 11, 2024 was 723.35K shares.
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NWS) stock’s latest price update
News Corp (NASDAQ: NWS)’s stock price has plunge by -0.62relation to previous closing price of 27.64. Nevertheless, the company has seen a -1.82% plunge in its stock price over the last five trading sessions. nypost.com reported 2024-09-10 that News Corp considered ditching Google’s advertising products in 2017 – but decided against it after determining it would cost the company at least $9 million in lost revenue, a former executive at The Post’s publisher testified Tuesday.
NWS’s Market Performance
NWS’s stock has fallen by -1.82% in the past week, with a monthly drop of -4.45% and a quarterly drop of -1.29%. The volatility ratio for the week is 2.23% while the volatility levels for the last 30 days are 1.96% for News Corp The simple moving average for the last 20 days is -3.87% for NWS stock, with a simple moving average of 3.23% for the last 200 days.
NWS Trading at -3.17% 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 -7.16% of loss for the given period.
Volatility was left at 1.96%, however, over the last 30 days, the volatility rate increased by 2.23%, as shares sank -2.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.24% lower at present.
During the last 5 trading sessions, NWS fell by -1.82%, which changed the moving average for the period of 200-days by +22.80% in comparison to the 20-day moving average, which settled at $28.54. In addition, News Corp saw 6.80% 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 NWS starting from Kline David R, who sale 10,000 shares at the price of $26.96 back on Sep 05 ’24. After this action, Kline David R now owns 0 shares of News Corp, valued at $269,626 using the latest closing price.
Kline David R, the Officer of News Corp, proposed sale 10,000 shares at $26.96 during a trade that took place back on Sep 05 ’24, which means that Kline David R is holding shares at $269,626 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
- 0.43 for the gross margin
The net margin for News Corp stands at 0.04. The total capital return value is set at 0.05. Equity return is now at value 3.29, with 1.58 for asset returns.
Based on News Corp (NWS), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 0.36. The debt to equity ratio resting at 0.37. The interest coverage ratio of the stock is 16.67.
Currently, EBITDA for the company is 1.54 billion with net debt to EBITDA at 1.41. When we switch over and look at the enterprise to sales, we see a ratio of 1.71. The receivables turnover for the company is 6.43for 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 1.43.
Conclusion
In conclusion, News Corp (NWS) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
