Fox Corporation [NASDAQ: FOX] slipped around -2.25 points on Friday, while shares priced at $36.17 at the close of the session, down -5.86%. The company report on March 25, 2021 that FOX Sports And NYRA Announce Landmark Wagering And Media Rights Agreements.
Deal Extends FOX Sports’ NYRA Television Rights Package Through 2030.
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FOX Uniquely Positioned as Only Media Company with Strategic Stakes in Digital Bet-Taking Businesses in Horse Racing, Sports Betting, Poker and Casino Gaming.
Fox Corporation stock is now 25.24% up from its year-to-date (YTD) trading value. FOX Stock saw the intraday high of $38.48 and lowest of $33.96 per share. The company’s 52-week high price is 42.14, which means current price is +28.49% above from all time high which was touched on 03/16/21.
Compared to the average trading volume of 1.75M shares, FOX reached a trading volume of 3861485 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Fox Corporation [FOX]?
The Average True Range (ATR) for Fox Corporation is set at 1.78, with the Price to Sales ratio for FOX stock in the period of the last 12 months amounting to 1.68. The Price to Book ratio for the last quarter was 1.96.
How has FOX stock performed recently?
Fox Corporation [FOX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.36. With this latest performance, FOX shares gained by 13.92% in over the last four-week period, additionally plugging by 37.95% over the last 6 months – not to mention a rise of 47.03% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FOX stock in for the last two-week period is set at 46.13, with the RSI for the last a single of trading hit 37.42, and the three-weeks RSI is set at 50.64 for Fox Corporation [FOX]. The present Moving Average for the last 50 days of trading for this stock 34.02, while it was recorded at 38.58 for the last single week of trading, and 28.97 for the last 200 days.
Fox Corporation [FOX]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Fox Corporation [FOX] shares currently have an operating margin of +21.07 and a Gross Margin at +35.22. Fox Corporation’s Net Margin is presently recorded at +8.12.
Return on Total Capital for FOX is now 14.47, given the latest momentum, and Return on Invested Capital for the company is 5.68. Return on Equity for this stock inclined to 9.97, with Return on Assets sitting at 4.84. When it comes to the capital structure of this company, Fox Corporation [FOX] has a Total Debt to Total Equity ratio set at 84.41. Additionally, FOX Total Debt to Total Capital is recorded at 45.77, with Total Debt to Total Assets ending up at 39.17. Long-Term Debt to Equity for the company is recorded at 83.20, with the Long-Term Debt to Total Capital now at 45.12.
Reflecting on the efficiency of the workforce at the company, Fox Corporation [FOX] managed to generate an average of $111,000 per employee. Receivables Turnover for the company is 6.38 with a Total Asset Turnover recorded at a value of 0.60.
Earnings analysis for Fox Corporation [FOX]
With the latest financial reports released by the company, Fox Corporation posted 0.54/share EPS, while the average EPS was predicted by analysts to be reported at 0.48/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 12.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FOX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Fox Corporation go to 9.20%.
Insider trade positions for Fox Corporation [FOX]
There are presently around $5,171 million, or 60.03% of FOX stock, in the hands of institutional investors. The top three institutional holders of FOX stocks are: VANGUARD GROUP INC with ownership of 18,106,293, which is approximately -5.387% of the company’s market cap and around 39.70% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 12,767,668 shares of the stock with an approximate value of $461.81 million in FOX stocks shares; and BLACKROCK INC., currently with $412.14 million in FOX stock with ownership of nearly -0.56% of the company’s market capitalization.
Positions in Fox Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 159 institutional holders increased their position in Fox Corporation [NASDAQ:FOX] by around 6,839,351 shares. Additionally, 140 investors decreased positions by around 14,650,654 shares, while 56 investors held positions by with 121,460,461 shares. The mentioned changes placed institutional holdings at 142,950,466 shares, according to the latest SEC report filing. FOX stock had 59 new institutional investments in for a total of 1,545,683 shares, while 27 institutional investors sold positions of 1,074,866 shares during the same period.