Fox Corporation [NASDAQ: FOXA] loss -2.69% or -1.0 points to close at $36.11 with a heavy trading volume of 6338214 shares. The company report on March 30, 2021 that FOX News Channel Reclaims Lead Sweeping Total Day and Primetime Viewers and Demo for the Month of March.
FNC Completes First Quarter as the Number One Network in All of Basic Cable in Primetime Television.
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FNC’s “Tucker Carlson Tonight,” “Hannity” and “The Five” Comprise Top Five Highest-Rated Programs for the Quarter.
It opened the trading session at $37.17, the shares rose to $37.41 and dropped to $36.01, the range by which the price of stock traded the whole day. The daily chart for FOXA points out that the company has recorded 30.03% gains over the past six months. However, it is still -65.57% lower than its most recent low trading price.
If we look at the average trading volume of 6.07M shares, FOXA reached to a volume of 6338214 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Fox Corporation [FOXA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FOXA shares is $35.73 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FOXA stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
KeyBanc Capital Markets have made an estimate for Fox Corporation shares, keeping their opinion on the stock as Sector Weight, with their previous recommendation back on December 09, 2020. While these analysts kept the previous recommendation, Goldman raised their target price to Sell. The new note on the price target was released on July 13, 2020, representing the official price target for Fox Corporation stock.
The Average True Range (ATR) for Fox Corporation is set at 1.93, with the Price to Sales ratio for FOXA stock in the period of the last 12 months amounting to 1.76. The Price to Book ratio for the last quarter was 1.97, with the Price to Cash per share for the same quarter was set at 7.30. Price to Free Cash Flow for FOXA in the course of the last twelve months was 11.00 with Quick ratio for the last quarter at 3.40.
Trading performance analysis for FOXA stock
Fox Corporation [FOXA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.00. With this latest performance, FOXA shares dropped by -4.85% in over the last four-week period, additionally plugging by 30.03% over the last 6 months – not to mention a rise of 52.81% 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 FOXA stock in for the last two-week period is set at 39.61, with the RSI for the last a single of trading hit 28.86, and the three-weeks RSI is set at 45.74 for Fox Corporation [FOXA]. The present Moving Average for the last 50 days of trading for this stock 36.01, while it was recorded at 37.71 for the last single week of trading, and 29.60 for the last 200 days.
Fox Corporation [FOXA]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Fox Corporation [FOXA] 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 FOXA 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 [FOXA] has a Total Debt to Total Equity ratio set at 84.41. Additionally, FOXA 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 [FOXA] 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.Fox Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.40 and a Current Ratio set at 3.80.
Fox Corporation [FOXA]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Fox Corporation posted 0.93/share EPS, while the average EPS was predicted by analysts to be reported at 0.7/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 32.90%. 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 FOXA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Fox Corporation go to 3.47%.
An analysis of insider ownership at Fox Corporation [FOXA]
There are presently around $12,682 million, in the hands of institutional investors. The top three institutional holders of FOXA stocks are: DODGE & COX with ownership of 44,274,761, which is approximately 37.185% of the company’s market cap and around 1.62% of the total institutional ownership; BLACKROCK INC., holding 39,063,926 shares of the stock with an approximate value of $1.41 billion in FOXA stocks shares; and VANGUARD GROUP INC, currently with $1.21 billion in FOXA stock with ownership of nearly -1.628% of the company’s market capitalization.
Positions in Fox Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 242 institutional holders increased their position in Fox Corporation [NASDAQ:FOXA] by around 30,904,889 shares. Additionally, 237 investors decreased positions by around 32,020,997 shares, while 66 investors held positions by with 288,282,166 shares. The mentioned changes placed institutional holdings at 351,208,052 shares, according to the latest SEC report filing. FOXA stock had 92 new institutional investments in for a total of 3,551,724 shares, while 59 institutional investors sold positions of 4,490,494 shares during the same period.