New York Times Co. (NYSE: NYT) is 8.98% higher on its value in year-to-date trading and has touched a low of $39.73 and a high of $55.63 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NYT stock was last observed hovering at around $54.53 in the last trading session, with the day’s loss setting it -1.14%.
Currently trading at $53.39, the stock is 1.47% and 4.74% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing -2.09% at the moment leaves the stock 15.40% off its SMA200. NYT registered 32.12% gain for a year compared to 6-month gain of 9.41%.
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The stock witnessed a 6.31% loss in the last 1 month and extending the period to 3 months gives it a 23.30%, and is 1.42% 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 2.61% over the week and 1.81% over the month.
New York Times Co. (NYT) has around 5900 employees, a market worth around $8.77B and $2.46B in sales. Current P/E ratio is 35.29 and Fwd P/E is 26.97. Profit margin for the company is 10.18%. Distance from 52-week low is 34.38% and -4.03% from its 52-week high. The company has generated returns on investments over the last 12 months (14.33%).
The EPS is expected to grow by 9.70% this year
The shares outstanding are 163.76M, and float is at 160.03M with Short Float at 2.98%.
New York Times Co. (NYT) Insider Activity
The most recent transaction is an insider sale by BENTEN R ANTHONY, the company’s SVP, Treasurer & CAO. SEC filings show that BENTEN R ANTHONY sold 5,171 shares of the company’s common stock on May 21 ’24 at a price of $48.98 per share for a total of $0.25 million. Following the sale, the insider now owns 38576.0 shares.
New York Times Co. disclosed in a document filed with the SEC on May 10 ’24 that KOPIT LEVIEN MEREDITH A. (PRESIDENT & CEO) sold a total of 12,548 shares of the company’s common stock. The trade occurred on May 10 ’24 and was made at $47.72 per share for $0.6 million. Following the transaction, the insider now directly holds 0.12 million shares of the NYT stock.
Still, SEC filings show that on Feb 22 ’24, Brayton Diane (EVP, GENERAL COUNSEL) disposed off 7,000 shares at an average price of $42.84 for $0.3 million. The insider now directly holds 39,312 shares of New York Times Co. (NYT).