Fox Corporation (NASDAQ:FOX) shares, rose in value, with the stock price up by 0.11% to the previous day’s close as strong demand from buyers drove the stock to $28.45.
Actively observing the price movement in the last trading, the stock closed the session at $28.42. The value of beta (5-year monthly) was 0.79 whereas the PE ratio was 16.86 over 12-month period. Referring to stock’s 52-week performance, its high was $33.24, and the low was $25.82. On the whole, FOX has fluctuated by 9.85% over the past month.
The company’s Forward Dividend Ratio is 0.52, with its dividend yield at 1.83%.
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 FOX’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of FOX currently trading nearly 3.30% and 2.15% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.66, while the 7-day volatility ratio is showing 1.86% which for the 30-day chart, stands at 1.97%. Furthermore, Fox Corporation (FOX)’s beta value is 0.85, and its average true range (ATR) is 0.57.
A comparison of Fox Corporation (FOX) with its peers suggests the former has fared considerably weaker in the market. FOX showed an intraday change of 0.11% in last session, and over the past year, it shrunk by -8.70%%.
Data on historical trading for Fox Corporation (NASDAQ:FOX) indicates that the trading volumes over the past 10 days have averaged 1.28 million and over the past 3 months, they’ve averaged 1.35 million. According to company’s latest data on outstanding shares, there are 235.58 million shares outstanding.
Nearly 72.21% of Fox Corporation’s shares belong to company insiders and institutional investors own 26.76% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.34 million shares as on Mar 15, 2024, resulting in a short ratio of 2.72. According to the data, the short interest in Fox Corporation (FOX) stood at 0.91% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 3.18 million. The stock has risen by 2.89% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FOX stock heading into the next quarter.
