News Corp (NASDAQ: NWSA) is -4.90% 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 $25.59 in the last trading session, with the day’s gains setting it 0.6%.
Currently trading at $26.19, the stock is -0.98% and -5.29% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.42 million and changing 2.34% at the moment leaves the stock -5.02% off its SMA200. NWSA registered 5.48% gain for a year compared to 6-month gain of -0.34%. The firm has a 50-day simple moving average (SMA 50) of $27.6528 and a 200-day simple moving average (SMA200) of $27.57295.
The stock witnessed a -0.38% loss in the last 1 month and extending the period to 3 months gives it a -2.93%, and is 6.55% 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 6.60% over the week and 3.49% over the month.
News Corp (NWSA) has around 23900 employees, a market worth around $14.86B and $9.81B in sales. Current P/E ratio is 36.12 and Fwd P/E is 27.99. Profit margin for the company is 4.22%. Distance from 52-week low is 15.63% and -14.66% from its 52-week high. The company has generated returns on investments over the last 12 months (3.77%).
The EPS is expected to grow by 28.31% this year.
News Corp (NWSA) Top Institutional Holders
779.0 institutions hold shares in News Corp (NWSA), with institutional investors hold 102.72% of the company’s shares. The shares outstanding are 378.38M, and float is at 377.75M with Short Float at 1.45%. Institutions hold 102.64% 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).
