New York Times Co. (NYSE: NYT) has a price-to-earnings ratio that is above its average at 32.20x. The stock has a 36-month beta value of 1.03. 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 159.83M, and at present, short sellers hold a 2.50% of that float. On September 12, 2024, the average trading volume of NYT was 996.95K shares.
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NYT) stock’s latest price update
New York Times Co. (NYSE: NYT)’s stock price has dropped by -0.59 in relation to previous closing price of 52.69. Nevertheless, the company has seen a loss of -2.91% in its stock price over the last five trading days. zacks.com reported 2024-09-06 that New York Times (NYT) reported earnings 30 days ago. What’s next for the stock?
NYT’s Market Performance
New York Times Co. (NYT) has experienced a -2.91% fall in stock performance for the past week, with a -2.69% drop in the past month, and a 4.07% rise in the past quarter. The volatility ratio for the week is 1.69%, and the volatility levels for the past 30 days are at 1.54% for NYT. The simple moving average for the past 20 days is -3.66% for NYT’s stock, with a 8.77% 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 -2.26% 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 -7.28% of loss for the given period.
Volatility was left at 1.54%, however, over the last 30 days, the volatility rate increased by 1.69%, as shares sank -4.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.83% upper at present.
During the last 5 trading sessions, NYT fell by -2.91%, which changed the moving average for the period of 200-days by +14.97% in comparison to the 20-day moving average, which settled at $54.26. In addition, New York Times Co. saw 6.92% 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 KOPIT LEVIEN MEREDITH A., who sale 18,300 shares at the price of $53.92 back on Aug 12 ’24. After this action, KOPIT LEVIEN MEREDITH A. now owns 101,772 shares of New York Times Co., valued at $986,773 using the latest closing price.
Bardeen William, the Chief Financial Officer of New York Times Co., sale 2,000 shares at $54.56 during a trade that took place back on Aug 09 ’24, which means that Bardeen William is holding 10,315 shares at $109,114 based on the most recent closing price.
Stock Fundamentals for NYT
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.46 for the gross margin
The net margin for New York Times Co. stands at 0.11. The total capital return value is set at 0.15. Equity return is now at value 15.80, with 10.46 for asset returns.
Currently, EBITDA for the company is 401.32 million with net debt to EBITDA at -0.53. When we switch over and look at the enterprise to sales, we see a ratio of 3.34. The receivables turnover for the company is 13.52for trailing twelve months and the total asset turnover is 0.93. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.32.
Conclusion
To sum up, New York Times Co. (NYT) 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
