Fox Corporation (NASDAQ: FOX) is 57.16% higher on its value in year-to-date trading and has touched a low of $25.82 and a high of $43.67 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 FOX stock was last observed hovering at around $43.65 in the last trading session, with the day’s loss setting it -0.19%.
Currently trading at $43.46, the stock is 8.59% and 12.12% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.7 million and changing -0.45% at the moment leaves the stock 31.63% off its SMA200. FOX registered 57.62% gain for a year compared to 6-month gain of 41.96%. The firm has a 50-day simple moving average (SMA 50) of $38.6506 and a 200-day simple moving average (SMA200) of $32.94455.
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The stock witnessed a 12.99% loss in the last 1 month and extending the period to 3 months gives it a 19.71%, and is 2.54% 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 2.34% over the week and 1.81% over the month.
Fox Corporation (FOX) has around 10200 employees, a market worth around $20.56B and $14.34B in sales. Current P/E ratio is 10.62 and Fwd P/E is 11.52. Profit margin for the company is 13.40%. Distance from 52-week low is 68.33% and -0.50% from its 52-week high. The company has generated returns on investments over the last 12 months (10.25%).
The EPS is expected to grow by 18.64% this year
The shares outstanding are 235.58M, and float is at 132.11M with Short Float at 2.50%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 14.0 million shares valued at $448.17 million. The investor’s holdings represent 2.9529 of the FOX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 11.67 million shares valued at $373.81 million to account for 2.4629 of the shares outstanding. The other top investors are DODGE & COX which holds 11.37 million shares representing 2.3979 and valued at over $363.94 million, while STATE STREET CORP holds 1.892 of the shares totaling 8.97 million with a market value of $287.15 million.
Fox Corporation (FOX) Insider Activity
The most recent transaction is an insider sale by MURDOCH KEITH RUPERT, the company’s Chairman Emeritus. SEC filings show that MURDOCH KEITH RUPERT sold 100,000 shares of the company’s common stock on Nov 06 ’24 at a price of $42.05 per share for a total of $4.21 million. Following the sale, the insider now owns 1.26 million shares.
Still, SEC filings show that on Nov 05 ’24, NALLEN JOHN (Chief Operating Officer) disposed off 182,481 shares at an average price of $43.73 for $7.98 million. The insider now directly holds 249,424 shares of Fox Corporation (FOX).
