News Corp (NASDAQ: NWSA) is 18.74% higher on its value in year-to-date trading and has touched a low of $20.95 and a high of $30.03 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 NWSA stock was last observed hovering at around $28.80 in the last trading session, with the day’s gains setting it 0.35%.
Currently trading at $29.15, the stock is 3.69% and 8.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.92 million and changing 1.22% at the moment leaves the stock 9.74% off its SMA200. NWSA registered 36.98% gain for a year compared to 6-month gain of 12.33%. The firm has a 50-day simple moving average (SMA 50) of $26.9274 and a 200-day simple moving average (SMA200) of $26.54095.
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The stock witnessed a 11.64% loss in the last 1 month and extending the period to 3 months gives it a 4.71%, and is 1.04% 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 1.99% over the week and 2.02% over the month.
News Corp (NWSA) has around 23900 employees, a market worth around $17.15B and $10.16B in sales. Current P/E ratio is 47.02 and Fwd P/E is 29.81. Profit margin for the company is 3.49%. Distance from 52-week low is 39.14% and -2.95% from its 52-week high. The company has generated returns on investments over the last 12 months (2.96%).
The EPS is expected to grow by 16.23% this year
746.0 institutions hold shares in News Corp (NWSA), with institutional investors hold 102.86% of the company’s shares. The shares outstanding are 378.67M, and float is at 378.57M with Short Float at 1.56%. Institutions hold 102.77% of the Float.
The top institutional shareholder in the company is PRICE T ROWE ASSOCIATES INC /MD/ with over 61.74 million shares valued at $1.7 billion. The investor’s holdings represent 10.8124 of the NWSA Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 50.18 million shares valued at $1.38 billion to account for 8.7874 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 26.5 million shares representing 4.6407 and valued at over $730.57 million, while STATE STREET CORP holds 4.2598 of the shares totaling 24.32 million with a market value of $670.6 million.
News Corp (NWSA) Insider Activity
The most recent transaction is an insider sale by Kline David R, the company’s Chief Technology Officer. SEC filings show that Kline David R sold 10,000 shares of the company’s common stock on Sep 05 ’24 at a price of $26.96 per share for a total of $0.27 million. Following the sale, the insider now owns 0.0 shares.
Still, SEC filings show that on Aug 15 ’24, Kline David R (Chief Technology Officer) disposed off 13,704 shares at an average price of $27.42 for $0.38 million. The insider now directly holds 10,000 shares of News Corp (NWSA).
