News Corp (NASDAQ:NWSA) shares, rose in value, with the stock price down by -2.22% to the previous day’s close as strong demand from buyers drove the stock to $25.51.
Actively observing the price movement in the last trading, the stock closed the session at $26.09. The value of beta (5-year monthly) was 1.35 whereas the PE ratio was 64.29 over 12-month period. Referring to stock’s 52-week performance, its high was $28.00, and the low was $15.59. On the whole, NWSA has fluctuated by -1.92% over the past month.
With the market capitalization of News Corp currently standing at about $14.47 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 09, 2024 – May 13, 2024. The company’s Forward Dividend Ratio is 0.20, with its dividend yield at 0.78%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.11, which is expected to increase to $0.21 for fiscal year $0.74 and then to about $0.89 by fiscal year 2025. Data indicates that the EPS growth is expected to be 51.00% in 2025, while the next year’s EPS growth is forecast to be 20.30%.
Analysts have estimated the company’s revenue for the quarter at $2.46 billion, with a low estimate of $2.44 billion and a high estimate of $2.47 billion. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $10.09 billion, representing an increase of 2.10% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that NWSA’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of NWSA currently trading nearly -2.99% and 0.85% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.97, while the 7-day volatility ratio is showing 2.27% which for the 30-day chart, stands at 1.77%. Furthermore, News Corp (NWSA)’s beta value is 1.35, and its average true range (ATR) is 0.53.
A comparison of News Corp (NWSA) with its peers suggests the former has fared considerably weaker in the market. NWSA showed an intraday change of -2.22% in last session, and over the past year, it grew by 60.24%%.
Data on historical trading for News Corp (NASDAQ:NWSA) indicates that the trading volumes over the past 10 days have averaged 2.99 million and over the past 3 months, they’ve averaged 2.81 million. According to company’s latest data on outstanding shares, there are 379.95 million shares outstanding.
Nearly 33.75% of News Corp’s shares belong to company insiders and institutional investors own 68.69% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.81 million shares as on Feb 29, 2024, resulting in a short ratio of 2.31. According to the data, the short interest in News Corp (NWSA) stood at 1.37% of shares outstanding as of Feb 29, 2024; the number of short shares registered in Jan 31, 2024 reached 8.68 million. The stock has risen by 3.91% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NWSA stock heading into the next quarter.
