In the past week, FOX stock has gone up by 2.68%, with a monthly gain of 4.02% and a quarterly surge of 13.81%. The volatility ratio for the week is 1.13%, and the volatility levels for the last 30 days are 1.44% for Fox Corporation The simple moving average for the last 20 days is 1.57% for FOX stock, with a simple moving average of 22.32% for the last 200 days.
Is It Worth Investing in Fox Corporation (NASDAQ: FOX) Right Now?
Fox Corporation (NASDAQ: FOX) has a price-to-earnings ratio of 12.47x that is above its average ratio. Additionally, the 36-month beta value for FOX is 0.82. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for FOX is 132.01M and currently, short sellers hold a 2.73% ratio of that float. The average trading volume of FOX on October 18, 2024 was 909.63K shares.
FOX) stock’s latest price update
The stock of Fox Corporation (NASDAQ: FOX) has increased by 0.83 when compared to last closing price of 38.75. Despite this, the company has experienced a 2.68% gain in its stock price over the last five trading sessions. zacks.com reported 2024-10-15 that Despite FOXA’s solid performance in digital news & cable ratings, the trend of cord-cutting and intense competition indicates that investors should sell the stock.
FOX Trading at 3.53% from the 50-Day Moving Average
After a stumble in the market that brought FOX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.20% of loss for the given period.
Volatility was left at 1.44%, however, over the last 30 days, the volatility rate increased by 1.13%, as shares surge +4.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.87% upper at present.
During the last 5 trading sessions, FOX rose by +2.68%, which changed the moving average for the period of 200-days by +38.84% in comparison to the 20-day moving average, which settled at $38.47. In addition, Fox Corporation saw 41.30% 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 FOX starting from NALLEN JOHN, who sale 52,874 shares at the price of $38.96 back on Aug 15 ’24. After this action, NALLEN JOHN now owns 249,424 shares of Fox Corporation, valued at $2,059,971 using the latest closing price.
MURDOCH LACHLAN K, the Executive Chair, CEO of Fox Corporation, purchase 119,705 shares at $39.06 during a trade that took place back on Aug 15 ’24, which means that MURDOCH LACHLAN K is holding 1,076,407 shares at $4,675,677 based on the most recent closing price.
Stock Fundamentals for FOX
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.32 for the gross margin
The net margin for Fox Corporation stands at 0.11. The total capital return value is set at 0.07. Equity return is now at value 14.23, with 6.85 for asset returns.
Based on Fox Corporation (FOX), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 0.68. The interest coverage ratio of the stock is 3.55.
Currently, EBITDA for the company is 2.87 billion with net debt to EBITDA at 1.4. When we switch over and look at the enterprise to sales, we see a ratio of 1.61. The receivables turnover for the company is 5.91for trailing twelve months and the total asset turnover is 0.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.54.
Conclusion
In conclusion, Fox Corporation (FOX) has seen better 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
