News Corp (NASDAQ: NWS) is 24.84% higher on its value in year-to-date trading and has touched a low of $21.99 and a high of $32.75 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 NWS stock was last observed hovering at around $31.69 in the last trading session, with the day’s gains setting it 0.42%.
Currently trading at $32.11, the stock is 4.88% and 11.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.17 million and changing 1.33% at the moment leaves the stock 15.90% off its SMA200. NWS registered 43.54% gain for a year compared to 6-month gain of 20.31%. The firm has a 50-day simple moving average (SMA 50) of $28.7466 and a 200-day simple moving average (SMA200) of $27.672.
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The stock witnessed a 16.13% loss in the last 1 month and extending the period to 3 months gives it a 9.97%, and is 0.88% 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 2.56% over the week and 2.08% over the month.
News Corp (NWS) has around 23900 employees, a market worth around $17.29B and $10.16B in sales. Current P/E ratio is 51.80 and Fwd P/E is 32.90. Profit margin for the company is 3.49%. Distance from 52-week low is 46.02% and -1.95% 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
440.0 institutions hold shares in News Corp (NWS), with institutional investors hold 76.43% of the company’s shares. The shares outstanding are 190.42M, and float is at 102.42M with Short Float at 3.45%. Institutions hold 45.15% of the Float.
The top institutional shareholder in the company is SOF LTD with over 9.78 million shares valued at $277.71 million. The investor’s holdings represent 1.7134 of the NWS Shares outstanding. As of 2024-06-30, the second largest holder is INDEPENDENT FRANCHISE PARTNERS LLP with 9.3 million shares valued at $264.0 million to account for 1.6289 of the shares outstanding. The other top investors are STARBOARD VALUE LP which holds 8.73 million shares representing 1.5295 and valued at over $247.9 million, while STATE STREET CORP holds 1.1866 of the shares totaling 6.77 million with a market value of $192.32 million.
News Corp (NWS) 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 (NWS).
