The New York Times Company (NYSE: NYT) kicked off on January 24, 2023, at the price of $34.46. During the day, the shares moved up to $34.73 and dropped to $34.12 before settling in for the closing price of $34.33. Over the past 52 weeks, NYT has traded in a range of $27.58-$47.67.
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It was noted that within the last five years, the titan of the Communication Services sector saw sales topped by 5.90%. While this was happening, its average annual earnings per share was recorded 119.10%. With a float of $161.70 million, this company’s outstanding shares have now reached $166.43 million.
The extent of productivity of a business whose workforce counts for 5000 workers is very important to gauge. In terms of profitability, gross margin is +47.13, operating margin of +13.15, and the pretax margin is +14.00.
The New York Times Company (NYT) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Publishing Industry. The insider ownership of The New York Times Company is 0.20%, while institutional ownership is 93.70%. The most recent insider transaction that took place on Nov 18, was worth 231,336. In this transaction Director of this company sold 6,478 shares at a rate of $35.71, taking the stock ownership to the 19,699 shares. Before that another transaction happened on Feb 24, when Company’s PRESIDENT & CEO sold 10,000 for $42.78, making the entire transaction worth $427,780. This insider now owns 110,162 shares in total.
The New York Times Company (NYT) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 6/29/2022, the organization reported $0.24 earnings per share (EPS), higher than consensus estimate (set at $0.19) by $0.05. This company achieved a net margin of +10.60 while generating a return on equity of 15.36. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.39 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 119.10% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -1.40% during the next five years compared to 46.60% growth over the previous five years of trading.
The New York Times Company (NYSE: NYT) Trading Performance Indicators
Take a look at The New York Times Company’s (NYT) current performance indicators. Last quarter, stock had a quick ratio of 1.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.49. Likewise, its price to free cash flow for the trailing twelve months is 106.31.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.03, a number that is poised to hit 0.43 in the next quarter and is forecasted to reach 1.16 in one year’s time.
Technical Analysis of The New York Times Company (NYT)
The latest stats from [The New York Times Company, NYT] show that its last 5-days average volume of 0.79 million was superior to 0.78 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 63.65%. Additionally, its Average True Range was 0.78.
During the past 100 days, The New York Times Company’s (NYT) raw stochastic average was set at 72.02%, which indicates a significant decrease from 77.02% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.70% in the past 14 days, which was lower than the 30.63% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $34.26, while its 200-day Moving Average is $32.86. Now, the first resistance to watch is $34.67. This is followed by the second major resistance level at $35.00. The third major resistance level sits at $35.28. If the price goes on to break the first support level at $34.06, it is likely to go to the next support level at $33.78. Assuming the price breaks the second support level, the third support level stands at $33.45.
The New York Times Company (NYSE: NYT) Key Stats
The company with the Market Capitalisation of 5.56 billion has total of 165,418K Shares Outstanding. Its annual sales at the moment are 2,075 M in contrast with the sum of 219,970 K annual income. Company’s last quarter sales were recorded 547,680 K and last quarter income was 36,620 K.