The stock price of New York Times Co. (NYSE: NYT) has jumped by 0.36 compared to previous close of 55.37. Despite this, the company has seen a gain of 0.51% in its stock price over the last five trading days. techxplore.com reported 2024-10-15 that The New York Times has sent a cease and desist letter to Perplexity, a hot AI startup often touted as a promising competitor to Google search, over alleged copyright infringement.
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 34.16x, Company’s 36-month beta value is 1.02.Analysts have differing 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 159.83M, and currently, short sellers hold a 2.53% ratio of that floaft. The average trading volume of NYT on October 17, 2024 was 916.80K shares.
NYT’s Market Performance
NYT’s stock has seen a 0.51% increase for the week, with a 0.18% rise in the past month and a 5.57% gain in the past quarter. The volatility ratio for the week is 1.51%, and the volatility levels for the past 30 days are at 1.58% for New York Times Co. The simple moving average for the last 20 days is 0.75% for NYT’s stock, with a simple moving average of 12.89% for the last 200 days.
Analysts’ Opinion of NYT
Many brokerage firms have already submitted their reports for NYT stocks, with Deutsche Bank repeating the rating for NYT by listing it as a “Buy.” The predicted price for NYT in the upcoming period, according to Deutsche Bank is $65 based on the research report published on October 09, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see NYT reach a price target of $52. The rating they have provided for NYT stocks is “Buy” according to the report published on March 12th, 2024.
Argus gave a rating of “Buy” to NYT, setting the target price at $51 in the report published on March 04th of the current year.
NYT Trading at 1.80% 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 -1.63% of loss for the given period.
Volatility was left at 1.58%, however, over the last 30 days, the volatility rate increased by 1.51%, as shares surge +0.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.60% upper at present.
During the last 5 trading sessions, NYT rose by +0.51%, which changed the moving average for the period of 200-days by +13.43% in comparison to the 20-day moving average, which settled at $55.15. In addition, New York Times Co. saw 13.43% 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 3.55. 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
In a nutshell, New York Times Co. (NYT) has experienced a better performance in recent times. The stock has received mixed “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.
