On Monday, News Corp (NASDAQ: NWSA) opened higher 2.00% from the last session, before settling in for the closing price of $25.99. Price fluctuations for NWSA have ranged from $20.11 to $28.62 over the past 52 weeks.
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Annual sales at Communication Services sector company grew by 0.30% over the past five years. Company’s average yearly earnings per share was noted 15.52% at the time writing. With a float of $379.04 million, this company’s outstanding shares have now reached $569.38 million.
Let’s look at the performance matrix of the company that is accounted for 23900 employees. In terms of profitability, gross margin is 42.51%, operating margin of 7.47%, and the pretax margin is 5.41%.
News Corp (NWSA) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Entertainment industry is another important factor to consider. The insider ownership of News Corp is 33.43%, while institutional ownership is 64.36%. The most recent insider transaction that took place on Sep 05 ’24, was worth 269,626. In this transaction Chief Technology Officer of this company sold 10,000 shares at a rate of $26.96, taking the stock ownership to the 0 shares. Before that another transaction happened on Sep 05 ’24, when Company’s Officer proposed sale 10,000 for $26.96, making the entire transaction worth $269,626.
News Corp (NWSA) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.16 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.1) by 0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.29 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 15.52% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 19.85% during the next five years compared to 11.96% growth over the previous five years of trading.
News Corp (NASDAQ: NWSA) Trading Performance Indicators
Check out the current performance indicators for News Corp (NWSA). In the past quarter, the stock posted a quick ratio of 1.33. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.50. Likewise, its price to free cash flow for the trailing twelve months is 25.07.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.46, a number that is poised to hit 0.17 in the next quarter and is forecasted to reach 0.98 in one year’s time.
Technical Analysis of News Corp (NWSA)
News Corp (NASDAQ: NWSA) saw its 5-day average volume 2.02 million, a negative change from its year-to-date volume of 2.63 million. As of the previous 9 days, the stock’s Stochastic %D was 41.49%. Additionally, its Average True Range was 0.42.
During the past 100 days, News Corp’s (NWSA) raw stochastic average was set at 39.45%, which indicates a significant decrease from 78.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.29% in the past 14 days, which was lower than the 21.30% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $26.63, while its 200-day Moving Average is $26.22. Nevertheless, the first resistance level for the watch stands at $26.75 in the near term. At $26.99, the stock is likely to face the second major resistance level. The third major resistance level sits at $27.35. If the price goes on to break the first support level at $26.15, it is likely to go to the next support level at $25.79. The third support level lies at $25.55 if the price breaches the second support level.
News Corp (NASDAQ: NWSA) Key Stats
There are currently 569,889K shares outstanding in the company with a market cap of 15.09 billion. Presently, the company’s annual sales total 10,085 M according to its annual income of 266,000 K. Last quarter, the company’s sales amounted to 2,577 M and its income totaled 50,000 K.
