News Corp (NASDAQ: NWS) is 0.00% lower on its value in year-to-date trading and has touched a low of $16.49 and a high of $28.92 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 NWS stock was last observed hovering at around $25.63 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $25.72, the stock is -3.57% and -4.12% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.87 million and changing 0.35% at the moment leaves the stock 10.58% off its SMA200. NWS registered 45.15% gain for a year compared to 6-month gain of 19.57%. The firm has a 50-day simple moving average (SMA 50) of $1.69 and a 200-day simple moving average (SMA200) of $13.44.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -5.68% loss in the last 1 month and extending the period to 3 months gives it a 1.58%, and is -2.50% 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 1.59% over the week and 1.64% over the month.
News Corp (NWS) has around 25000 employees, a market worth around $14.59B and $9.96B in sales. Current P/E ratio is 64.82 and Fwd P/E is 29.50. Profit margin for the company is 2.29%. Distance from 52-week low is 55.97% and -11.07% from its 52-week high. The company has generated returns on investments over the last 12 months (1.86%).
The EPS is expected to grow by 40.04% this year
375 institutions hold shares in News Corp (NWS), with institutional investors hold 75.00% of the company’s shares. The shares outstanding are 192.01M, and float is at 103.64M with Short Float at 3.89%. Institutions hold 44.52% of the Float.
The top institutional shareholder in the company is Independent Franchise Partners, LLP with over 12.65 million shares valued at $249.53 million. The investor’s holdings represent 6.60% of the NWS Shares outstanding. As of Jun 29, 2023, the second largest holder is SOF Ltd with 9.78 million shares valued at $192.9 million to account for 5.10% of the shares outstanding. The other top investors are Blackrock Inc. which holds 6.56 million shares representing 3.42% and valued at over $129.36 million, while Irenic Capital Management LP holds 2.71% of the shares totaling 5.19 million with a market value of $102.37 million.
News Corp (NWS) Insider Activity
The most recent transaction is an insider sale by PANUCCIO SUSAN, the company’s Chief Financial Officer. SEC filings show that PANUCCIO SUSAN sold 10,758 shares of the company’s common stock on Aug 16 ’23 at a price of $21.38 per share for a total of $0.23 million. Following the sale, the insider now owns 0.15 million shares.
News Corp disclosed in a document filed with the SEC on Aug 15 ’23 that PANUCCIO SUSAN (Chief Financial Officer) sold a total of 184,212 shares of the company’s common stock. The trade occurred on Aug 15 ’23 and was made at $20.97 per share for $3.86 million. Following the transaction, the insider now directly holds 0.17 million shares of the NWS stock.
Still, SEC filings show that on Aug 15 ’23, Pitofsky David B (General Counsel) disposed off 58,000 shares at an average price of $20.98 for $1.22 million. The insider now directly holds 83,291 shares of News Corp (NWS).
