News Corp (NASDAQ: NWS) on Tuesday, plunged -1.00% from the previous trading day, before settling in for the closing price of $28.04. Within the past 52 weeks, NWS’s price has moved between $18.77 and $28.92.
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Communication Services Sector giant saw their annual sales surged by 2.21% over the last five years. The company achieved an average annual earnings per share of 39.32%. With a float of $103.42 million, this company’s outstanding shares have now reached $192.01 million.
The firm has a total of 25000 workers. Let’s measure their productivity.
News Corp (NWS) Insider Activity
Observing investor behavior towards Entertainment industry stocks is more important than anything else. The insider ownership of News Corp is 81.85%, while institutional ownership is 12.86%. The most recent insider transaction that took place on Aug 16 ’23, was worth 230,006. In this transaction Chief Financial Officer of this company sold 10,758 shares at a rate of $21.38, taking the stock ownership to the 154,287 shares. Before that another transaction happened on Aug 15 ’23, when Company’s Chief Financial Officer sold 184,212 for $20.97, making the entire transaction worth $3,863,662. This insider now owns 165,045 shares in total.
News Corp (NWS) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 39.32% per share during the next fiscal year.
News Corp (NASDAQ: NWS) Trading Performance Indicators
News Corp (NWS) is currently performing well based on its current performance indicators. A quick ratio of 1.25 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.59. Likewise, its price to free cash flow for the trailing twelve months is 20.71.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.36, a number that is poised to hit 0.15 in the next quarter and is forecasted to reach 0.85 in one year’s time.
Technical Analysis of News Corp (NWS)
Analysing the last 5-days average volume posted by the [News Corp, NWS], we can find that recorded value of 0.62 million was lower than the volume posted last year of 0.75 million. As of the previous 9 days, the stock’s Stochastic %D was 88.59%. Additionally, its Average True Range was 0.54.
During the past 100 days, News Corp’s (NWS) raw stochastic average was set at 76.47%, which indicates a significant decrease from 76.51% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.10% in the past 14 days, which was lower than the 20.63% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $26.12, while its 200-day Moving Average is $24.35. Now, the first resistance to watch is $28.34. This is followed by the second major resistance level at $28.92. The third major resistance level sits at $29.70. If the price goes on to break the first support level at $26.98, it is likely to go to the next support level at $26.19. Should the price break the second support level, the third support level stands at $25.61.
News Corp (NASDAQ: NWS) Key Stats
Market capitalization of the company is 15.82 billion based on 569,889K outstanding shares. Right now, sales total 9,879 M and income totals 149,000 K. The company made 2,423 M in profit during its latest quarter, and 30,000 K in sales during its previous quarter.
