News Corp (NASDAQ: NWSA) is -10.75% lower on its value in year-to-date trading and has touched a low of $22.65 and a high of $30.69 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 NWSA stock was last observed hovering at around $26.07 in the last trading session, with the day’s loss setting it -1.49%.
Currently trading at $24.58, the stock is -8.51% and -12.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.83 million and changing -5.72% at the moment leaves the stock -11.02% off its SMA200. NWSA registered -4.54% loss for a year compared to 6-month gain of -6.15%. The firm has a 50-day simple moving average (SMA 50) of $27.9516 and a 200-day simple moving average (SMA200) of $27.6236.
The stock witnessed a -13.02% loss in the last 1 month and extending the period to 3 months gives it a -10.49%, and is -7.56% 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 3.80% over the week and 2.50% over the month.
News Corp (NWSA) has around 23900 employees, a market worth around $14.54B and $9.81B in sales. Current P/E ratio is 33.90 and Fwd P/E is 26.27. Profit margin for the company is 4.22%. Distance from 52-week low is 8.52% and -19.91% from its 52-week high. The company has generated returns on investments over the last 12 months (3.77%).
with sales reaching $2B over the same period.The EPS is expected to grow by 29.74% this year, but quarterly earnings will post -14.35% year-over-year. Quarterly sales are estimated to shrink -17.36% in year-over-year returns.
News Corp (NWSA) Top Institutional Holders
771.0 institutions hold shares in News Corp (NWSA), with institutional investors hold 102.75% of the company’s shares. The shares outstanding are 378.38M, and float is at 377.75M with Short Float at 1.74%. Institutions hold 102.67% 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 4.6391% and valued at over $730.57 million, while STATE STREET CORP holds 4.2583 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).
