New York Times Co. (NYSE: NYT) kicked off on Tuesday, up 2.02% from the previous trading day, before settling in for the closing price of $51.10. Over the past 52 weeks, NYT has traded in a range of $39.73-$55.63.
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During the last 5-year period, the sales growth of Communication Services Sector giant was 6.95%. While this was happening, its average annual earnings per share was recorded 9.70%. With a float of $160.05 million, this company’s outstanding shares have now reached $163.76 million.
Let’s determine the extent of company efficiency that accounts for 5900 employees.
New York Times Co. (NYT) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Publishing Industry. The insider ownership of New York Times Co. is 2.61%, while institutional ownership is 93.01%. The most recent insider transaction that took place on May 21 ’24, was worth 253,283. In this transaction SVP, Treasurer & CAO of this company sold 5,171 shares at a rate of $48.98, taking the stock ownership to the 38,576 shares. Before that another transaction happened on May 10 ’24, when Company’s PRESIDENT & CEO sold 12,548 for $47.72, making the entire transaction worth $598,841. This insider now owns 120,072 shares in total.
New York Times Co. (NYT) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.38 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 9.70% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.85% during the next five years compared to 13.25% growth over the previous five years of trading.
New York Times Co. (NYSE: NYT) Trading Performance Indicators
Take a look at New York Times Co.’s (NYT) current performance indicators. Last quarter, stock had a quick ratio of 1.25. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.48. Likewise, its price to free cash flow for the trailing twelve months is 25.21.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.51, a number that is poised to hit 0.41 in the next quarter and is forecasted to reach 1.98 in one year’s time.
Technical Analysis of New York Times Co. (NYT)
Looking closely at New York Times Co. (NYSE: NYT), its last 5-days average volume was 1.37 million, which is a jump from its year-to-date volume of 1.21 million. As of the previous 9 days, the stock’s Stochastic %D was 21.93%. Additionally, its Average True Range was 1.11.
During the past 100 days, New York Times Co.’s (NYT) raw stochastic average was set at 75.14%, which indicates a significant increase from 33.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.45% in the past 14 days, which was higher than the 18.18% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $51.73, while its 200-day Moving Average is $46.73. However, in the short run, New York Times Co.’s stock first resistance to watch stands at $52.64. Second resistance stands at $53.15. The third major resistance level sits at $53.90. If the price goes on to break the first support level at $51.38, it is likely to go to the next support level at $50.63. Should the price break the second support level, the third support level stands at $50.12.
New York Times Co. (NYSE: NYT) Key Stats
The company with the Market Capitalisation of 8.57 billion has total of 164,311K Shares Outstanding. Its annual sales at the moment are 2,426 M in contrast with the sum of 232,390 K annual income. Company’s last quarter sales were recorded 594,020 K and last quarter income was 40,420 K.
