News Corporation (NASDAQ: NWSA) is 27.09% higher on its value in year-to-date trading and has touched a low of $7.90 and a high of $18.70 in the current 52-week trading range. The NWSA stock was last observed hovering at around $18.03 in the last trading session, with the day’s loss setting it -0.06% off its average median price target of $18.58 for the next 12 months. It is also 18.32% off the consensus price target high of $22.00 offered by 8 analysts, but current levels are -19.8% lower than the price target low of $15.00 for the same period.
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Currently trading at $17.97, the stock is -0.39% and 8.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.82 million and changing -0.33% at the moment leaves the stock 34.56% off its SMA200. NWSA registered 24.45% gain for a year compared to 6-month gain of 49.38%. The firm has a 50-day simple moving average (SMA 50) of $17.94 and a 200-day simple moving average (SMA200) of $14.81.
The stock witnessed a -0.55% loss in the last 1 month and extending the period to 3 months gives it a 26.73%, and is 1.61% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.76% over the week and 2.15% over the month.
News Corporation (NWSA) has around 23500 employees, a market worth around $10.62B and $8.79B in sales. Fwd P/E is 38.90. Profit margin for the company is -11.50%. Distance from 52-week low is 127.47% and -3.90% from its 52-week high. The company has generated returns on investments over the last 12 months (-17.50%).
News Corporation (NWSA) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for News Corporation (NWSA) is a “Overweight”. 8 analysts offering their recommendations for the stock have an average rating of 2.90, where 3 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
News Corporation is expected to release its quarterly report on 05/13/2021 and quarterly earnings per share for the current quarter are estimated at $0.1 with sales reaching $2.23B over the same period.The EPS is expected to shrink by -918.70% this year, but quarterly earnings will post -5.60% year-over-year. Quarterly sales are estimated to shrink -9.90% in year-over-year returns.
News Corporation (NWSA) Top Institutional Holders
531 institutions hold shares in News Corporation (NWSA), with 3.5M shares held by insiders accounting for 0.59% while institutional investors hold 97.76% of the company’s shares. The shares outstanding are 589.50M, and float is at 509.54M with Short Float at 1.38%. Institutions hold 97.18% of the Float.
The top institutional shareholder in the company is Price (T.Rowe) Associates Inc with over 65.58 million shares valued at $919.45 million. The investor’s holdings represent 16.77% of the NWSA Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 52.72 million shares valued at $739.12 million to account for 13.48% of the shares outstanding. The other top investors are Independent Franchise Partners, LLP which holds 30.35 million shares representing 7.76% and valued at over $425.58 million, while Blackrock Inc. holds 6.90% of the shares totaling 26.99 million with a market value of $378.44 million.
News Corporation (NWSA): Who are the competitors?
The company’s main competitors (and peers) include The New York Times Company (NYT) that is trading 58.85% up over the past 12 months. Lee Enterprises Incorporated (LEE) is -13.70% down on the 1-year trading charts. Short interest in the company’s stock has fallen -1.28% from the last report on Nov 12, 2020 to stand at a total of 7.11 million short shares sold with a short interest ratio of 2.23.