Wall Street Analyst Upgrade News Corporation [NWSA]. What else is Wall St. saying

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News Corporation [NASDAQ: NWSA] traded at a high on 05/10/22, posting a 0.40 gain after which it closed the day’ session at $17.57. The company report on May 10, 2022 that Realtor.com® April Housing Report: Inventory Readies to Rebound.

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In April, the U.S. supply of active listings posted the smallest year-over-year decline (-12.2%) since the end of 2019, led by gains in the share of mid-sized homes.

New data suggests that the U.S. housing supply is readying to rebound, as active listings posted the smallest year-over-year declines (-12.2%) since December 2019, according to the Realtor.com® Monthly Housing Trends Report released today. Inventory improvements were led by increases in the share of mid-sized homes, which could mean more listings available to families looking to upgrade from their starter homes – which could, in turn, potentially result in an uptick in first-time buying options.

The results of the trading session contributed to over 5591457 shares changing hands. Over the past one week, the price volatility of News Corporation stands at 7.24% while the volatility over the past one month is 3.99%.

The market cap for NWSA stock reached $11.91 billion, with 588.80 million shares outstanding and 508.28 million shares in the current float. Compared to the average trading volume of 2.85M shares, NWSA reached a trading volume of 5591457 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about News Corporation [NWSA]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NWSA shares is $32.09 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NWSA stock is a recommendation set at 1.70. 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.

UBS have made an estimate for News Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 26, 2021. The new note on the price target was released on June 01, 2021, representing the official price target for News Corporation stock. Previously, the target price had yet another raise to $32, while Guggenheim analysts kept a Buy rating on NWSA stock. On February 12, 2021, analysts increased their price target for NWSA shares from 15 to 30.

The Average True Range (ATR) for News Corporation is set at 0.84, with the Price to Sales ratio for NWSA stock in the period of the last 12 months amounting to 1.19. The Price to Book ratio for the last quarter was 1.23, with the Price to Cash per share for the same quarter was set at 2.75. Price to Free Cash Flow for NWSA in the course of the last twelve months was 13.31 with Quick ratio for the last quarter at 1.10.

How has NWSA stock performed recently?

News Corporation [NWSA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.06. With this latest performance, NWSA shares dropped by -17.67% in over the last four-week period, additionally sinking by -26.94% over the last 6 months – not to mention a drop of -36.43% 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 NWSA stock in for the last two-week period is set at 29.87, with the RSI for the last a single of trading hit 27.00, and the three-weeks RSI is set at 32.79 for News Corporation [NWSA]. The present Moving Average for the last 50 days of trading for this stock 21.15, while it was recorded at 18.55 for the last single week of trading, and 22.40 for the last 200 days.

News Corporation [NWSA]: Deeper insight into the fundamentals

News Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.20.

Earnings analysis for News Corporation [NWSA]

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 NWSA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for News Corporation go to 19.15%.

Insider trade positions for News Corporation [NWSA]

There are presently around $6,574 million, or 98.30% of NWSA stock, in the hands of institutional investors. The top three institutional holders of NWSA stocks are: VANGUARD GROUP INC with ownership of 53,022,207, which is approximately 0.97% of the company’s market cap and around 0.87% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 50,380,541 shares of the stock with an approximate value of $881.66 million in NWSA stocks shares; and INDEPENDENT FRANCHISE PARTNERS LLP, currently with $538.98 million in NWSA stock with ownership of nearly 3.911% of the company’s market capitalization.

203 institutional holders increased their position in News Corporation [NASDAQ:NWSA] by around 29,239,922 shares. Additionally, 198 investors decreased positions by around 32,226,086 shares, while 70 investors held positions by with 314,190,765 shares. The mentioned changes placed institutional holdings at 375,656,773 shares, according to the latest SEC report filing. NWSA stock had 64 new institutional investments in for a total of 5,913,365 shares, while 45 institutional investors sold positions of 5,502,683 shares during the same period.