A new trading day began on Tuesday, with Fox Corporation (NASDAQ: FOX) stock price up 0.72% from the previous day of trading, before settling in for the closing price of $28.97. FOX’s price has ranged from $25.82 to $33.24 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Over the past five-year period, the growth rate of yearbook sales for the company of the Communication Services sector was 8.02%. Meanwhile, its annual earnings per share averaged -8.05%. With a float of $131.95 million, this company’s outstanding shares have now reached $235.58 million.
Considering the fact that the conglomerate employs 10400 people, you should pay attention to its efficiency factor.
Fox Corporation (FOX) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Entertainment Industry. The insider ownership of Fox Corporation is 72.21%, while institutional ownership is 26.78%. The most recent insider transaction that took place on Nov 29 ’23, was worth 5,757,013. In this transaction Chairman Emeritus of this company sold 194,691 shares at a rate of $29.57, taking the stock ownership to the 0 shares. Before that another transaction happened on Sep 15 ’23, when Company’s Chair sold 100,000 for $31.90, making the entire transaction worth $3,190,000. This insider now owns 128,964 shares in total.
Fox Corporation (FOX) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -8.05% per share during the next fiscal year.
Fox Corporation (NASDAQ: FOX) Trading Performance Indicators
Here are Fox Corporation’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.01. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.95. Likewise, its price to free cash flow for the trailing twelve months is 11.82.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.69, a number that is poised to hit 0.96 in the next quarter and is forecasted to reach 3.81 in one year’s time.
Technical Analysis of Fox Corporation (FOX)
Compared to the last year’s volume of 1.3 million, its volume of 0.9 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 90.92%. Additionally, its Average True Range was 0.54.
During the past 100 days, Fox Corporation’s (FOX) raw stochastic average was set at 71.82%, which indicates a significant decrease from 91.20% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.52% in the past 14 days, which was lower than the 22.64% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $27.68, while its 200-day Moving Average is $28.79. Nevertheless, the first resistance level for the watch stands at $29.36 in the near term. At $29.54, the stock is likely to face the second major resistance level. The third major resistance level sits at $29.75. If the price goes on to break the first support level at $28.97, it is likely to go to the next support level at $28.76. Should the price break the second support level, the third support level stands at $28.58.
Fox Corporation (NASDAQ: FOX) Key Stats
With a market capitalization of 13.86 billion, the company has a total of 474,876K Shares Outstanding. Currently, annual sales are 14,913 M while annual income is 1,239 M. The company’s previous quarter sales were 4,234 M while its latest quarter income was 109,000 K.
