News Corp (NASDAQ: NWS) is -0.03% lower on its value in year-to-date trading and has touched a low of $23.99 and a high of $32.87 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NWS stock was last observed hovering at around $30.46 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $30.42, the stock is -1.68% and -2.37% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.48 million and changing -0.13% at the moment leaves the stock 7.28% off its SMA200. NWS registered 17.95% gain for a year compared to 6-month gain of 6.25%. The firm has a 50-day simple moving average (SMA 50) of $31.1056 and a 200-day simple moving average (SMA200) of $28.338.
The stock witnessed a -5.82% loss in the last 1 month and extending the period to 3 months gives it a 11.84%, and is -0.03% down 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 2.28% over the week and 1.79% over the month.
News Corp (NWS) has around 23900 employees, a market worth around $16.22B and $10.16B in sales. Current P/E ratio is 49.07 and Fwd P/E is 30.91. Profit margin for the company is 3.49%. Distance from 52-week low is 26.80% and -7.44% 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 17.86% this year
445.0 institutions hold shares in News Corp (NWS), with institutional investors hold 76.54% of the company’s shares. The shares outstanding are 189.97M, and float is at 102.32M with Short Float at 3.74%. Institutions hold 45.21% 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).
