New York Times Co (NYSE: NYT)’s stock price has decreased by -0.19 compared to its previous closing price of 52.11. However, the company has seen a -4.60% decrease in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-19 that New York, Nov. 19, 2024 (GLOBE NEWSWIRE) — New York, New York – B.D. Killen Music Group has exciting news.
Is It Worth Investing in New York Times Co (NYSE: NYT) Right Now?
New York Times Co (NYSE: NYT) has a higher price-to-earnings ratio of 30.79x compared to its average ratio. NYT has 36-month beta value of 1.00. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 1 as “sell.”
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The public float for NYT is 160.26M, and currently, short sellers hold a 2.57% ratio of that float. The average trading volume of NYT on November 21, 2024 was 932.28K shares.
NYT’s Market Performance
NYT’s stock has seen a -4.60% decrease for the week, with a -4.92% drop in the past month and a -4.62% fall in the past quarter. The volatility ratio for the week is 1.77%, and the volatility levels for the past 30 days are at 2.18% for New York Times Co The simple moving average for the past 20 days is -4.71% for NYT’s stock, with a 3.95% simple moving average for the past 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 -5.13% 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 -8.88% of loss for the given period.
Volatility was left at 2.18%, however, over the last 30 days, the volatility rate increased by 1.77%, as shares sank -4.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.71% lower at present.
During the last 5 trading sessions, NYT fell by -4.60%, which changed the moving average for the period of 200-days by +7.19% in comparison to the 20-day moving average, which settled at $54.58. In addition, New York Times Co saw 6.16% 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
- 0.47 for the gross margin
The net margin for New York Times Co stands at 0.11. The total capital return value is set at 0.16. Equity return is now at value 15.97, with 10.55 for asset returns.
Currently, EBITDA for the company is 398.95 million with net debt to EBITDA at -0.44. When we switch over and look at the enterprise to sales, we see a ratio of 3.27. The receivables turnover for the company is 13.42for trailing twelve months and the total asset turnover is 0.92. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.35.
Conclusion
To put it simply, New York Times Co (NYT) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others 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.
