Fox Corporation (NASDAQ: FOX) is 66.26% higher on its value in year-to-date trading and has touched a low of $25.82 and a high of $47.80 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 $46.53 in the last trading session, with the day’s loss setting it -0.56%.
Currently trading at $45.97, the stock is 3.16% and 9.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.11 million and changing -1.20% at the moment leaves the stock 31.03% off its SMA200. FOX registered 64.77% gain for a year compared to 6-month gain of 43.39%. The firm has a 50-day simple moving average (SMA 50) of $41.8393 and a 200-day simple moving average (SMA200) of $34.982826.
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The stock witnessed a 6.39% loss in the last 1 month and extending the period to 3 months gives it a 23.31%, and is 2.25% 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 2.29% over the week and 1.80% over the month.
Fox Corporation (FOX) has around 10200 employees, a market worth around $21.63B and $14.34B in sales. Current P/E ratio is 11.23 and Fwd P/E is 12.03. Profit margin for the company is 13.40%. Distance from 52-week low is 78.07% and -3.83% 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 20.29% this year
The shares outstanding are 235.58M, and float is at 132.11M with Short Float at 2.29%.
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 771,024 shares of the company’s common stock on Nov 26 ’24 at a price of $46.07 per share for a total of $35.52 million. Following the sale, the insider now owns 0.0 shares.
Fox Corporation disclosed in a document filed with the SEC on Nov 25 ’24 that MURDOCH KEITH RUPERT (Chairman Emeritus) sold a total of 186,871 shares of the company’s common stock. The trade occurred on Nov 25 ’24 and was made at $46.22 per share for $8.64 million. Following the transaction, the insider now directly holds 0.0 shares of the FOX stock.
Still, SEC filings show that on Nov 26 ’24, Keith Rupert Murdoch (Chairman Emeritus) Proposed Sale 771,024 shares at an average price of $46.08 for $35.53 million. The insider now directly holds shares of Fox Corporation (FOX).
