The New York Times Company (NYSE: NYT) is -39.71% lower on its value in year-to-date trading and has touched a low of $27.63 and a high of $56.19 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NYT stock was last observed hovering at around $29.59 in the last trading session, with the day’s loss setting it -0.47% off its average median price target of $36.00 for the next 12 months. It is also 27.2% off the consensus price target high of $40.00 offered by 9 analysts, but current levels are -16.48% lower than the price target low of $25.00 for the same period.
Currently trading at $29.12, the stock is -5.31% and -6.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.18 million and changing -1.59% at the moment leaves the stock -23.18% off its SMA200. NYT registered -41.54% loss for a year compared to 6-month loss of -34.55%.
The stock witnessed a -7.58% gain in the last 1 month and extending the period to 3 months gives it a 3.08%, and is -4.77% down 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 2.40% over the week and 2.63% over the month.
The New York Times Company (NYT) has around 5000 employees, a market worth around $5.00B and $2.20B in sales. Current P/E ratio is 25.66 and Fwd P/E is 27.47. Profit margin for the company is 8.70%. Distance from 52-week low is 5.39% and -48.18% from its 52-week high. The company has generated returns on investments over the last 12 months (12.80%).
The New York Times Company (NYT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for The New York Times Company (NYT) is a “Overweight”. 9 analysts offering their recommendations for the stock have an average rating of 2.60, where 4 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.
The New York Times Company is expected to release its quarterly report on 11/02/2022.The EPS is expected to grow by 119.10% this year
The New York Times Company (NYT) Top Institutional Holders
The shares outstanding are 167.64M, and float is at 162.53M with Short Float at 3.40%.
The New York Times Company (NYT) Insider Activity
A total of 30 insider transactions have happened at The New York Times Company (NYT) in the last six months, with sales accounting for 1 and purchases happening 29 times. The most recent transaction is an insider sale by KOPIT LEVIEN MEREDITH A., the company’s PRESIDENT & CEO. SEC filings show that KOPIT LEVIEN MEREDITH A. sold 10,000 shares of the company’s common stock on Feb 24 at a price of $42.78 per share for a total of $0.43 million. Following the sale, the insider now owns 0.11 million shares.
The New York Times Company disclosed in a document filed with the SEC on Feb 18 that Brayton Diane (EVP, GC & SECRETARY) sold a total of 9,999 shares of the company’s common stock. The trade occurred on Feb 18 and was made at $41.44 per share for $0.41 million. Following the transaction, the insider now directly holds 35339.0 shares of the NYT stock.
Still, SEC filings show that on Feb 16, KOPIT LEVIEN MEREDITH A. (PRESIDENT & CEO) disposed off 10,000 shares at an average price of $43.00 for $0.43 million. The insider now directly holds 72,615 shares of The New York Times Company (NYT).
The New York Times Company (NYT): Who are the competitors?
The company’s main competitors (and peers) include Apple Inc. (AAPL) that is trading 7.17% up over the past 12 months and Alphabet Inc. (GOOG) that is -28.38% lower over the same period. Alphabet Inc. (GOOGL) is -28.59% down on the 1-year trading charts.