News Corp (NASDAQ: NWSA) is -0.44% lower on its value in year-to-date trading and has touched a low of $23.38 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 $27.67 in the last trading session, with the day’s loss setting it -0.25%.
Currently trading at $27.42, the stock is -2.06% and 0.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.61 million and changing -0.90% at the moment leaves the stock -0.63% off its SMA200. NWSA registered 0.26% gain for a year compared to 6-month loss of -5.64%.
The stock witnessed a -3.01% gain in the last 1 month and extending the period to 3 months gives it a 1.63%, and is -1.40% 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 0.73% over the week and 0.67% over the month.
News Corp (NWSA) has around 23900 employees, a market worth around $16.27B and $9.40B in sales. Current P/E ratio is 32.12 and Fwd P/E is 26.90. Profit margin for the company is 5.18%. Distance from 52-week low is 17.28% and -10.65% from its 52-week high. The company has generated returns on investments over the last 12 months (4.42%).
The EPS is expected to grow by 28.32% this year.
News Corp (NWSA) Top Institutional Holders
The shares outstanding are 377.54M, and float is at 376.90M with Short Float at 2.06%.
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 10.8086% 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 8.7844 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).
