Fox Corporation [FOXA] Revenue clocked in at $13.97 billion, down -22.55% YTD: What’s Next?

Fox Corporation [NASDAQ: FOXA] stock went on a downward path that fall over -9.41% on Monday, amounting to a one-week price decrease of less than -8.22%. The company report on October 17, 2022 that FOX News Digital Finishes Third Quarter as Number One With Multiplatform Minutes and Views.


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FOX News is the Most-Engaged News Organization on Social Media for 32nd Straight Quarter.

FOXBusiness.com Surpasses CNN Business with Multiplatform Views for Second Consecutive Quarter.

Over the last 12 months, FOXA stock dropped by -31.31%. The one-year Fox Corporation stock forecast points to a potential upside of 29.52. The average equity rating for FOXA stock is currently 2.40, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $15.26 billion, with 557.04 million shares outstanding and 440.46 million shares in the current float. Compared to the average trading volume of 2.41M shares, FOXA stock reached a trading volume of 12655766 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $40.55 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 2.40. 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.

Loop Capital have made an estimate for Fox Corporation shares, keeping their opinion on the stock as Hold, with their previous recommendation back on October 17, 2022. While these analysts kept the previous recommendation, Credit Suisse dropped their target price from $41 to $36. The new note on the price target was released on October 17, 2022, representing the official price target for Fox Corporation stock. Previously, the target price had yet another raise to $43, while Argus analysts kept a Buy rating on FOXA stock. On July 18, 2022, analysts decreased their price target for FOXA shares from 45 to 38.

The Average True Range (ATR) for Fox Corporation is set at 1.14, with the Price to Sales ratio for FOXA stock in the period of the last 12 months amounting to 1.09. The Price to Book ratio for the last quarter was 1.40, with the Price to Cash per share for the same quarter was set at 9.74. Price to Free Cash Flow for FOXA in the course of the last twelve months was 12.01 with Quick ratio for the last quarter at 3.30.

FOXA Stock Performance Analysis:

Fox Corporation [FOXA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.22. With this latest performance, FOXA shares dropped by -15.12% in over the last four-week period, additionally sinking by -26.70% over the last 6 months – not to mention a drop of -31.31% 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 31.84, with the RSI for the last a single of trading hit 28.28, and the three-weeks RSI is set at 34.55 for Fox Corporation [FOXA]. The present Moving Average for the last 50 days of trading for this stock 33.31, while it was recorded at 30.60 for the last single week of trading, and 36.21 for the last 200 days.

Insight into Fox Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Fox Corporation [FOXA] shares currently have an operating margin of +18.42 and a Gross Margin at +32.16. Fox Corporation’s Net Margin is presently recorded at +8.62.

Return on Equity for this stock inclined to 10.73, with Return on Assets sitting at 5.34.

Fox Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.30 and a Current Ratio set at 3.60.

FOXA Stock EPS

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 2.99%.

Fox Corporation [FOXA] Insider Position Details

There are presently around $8,957 million, in the hands of institutional investors. The top three institutional holders of FOXA stocks are: DODGE & COX with ownership of 46,473,345, which is approximately -1.753% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 40,305,602 shares of the stock with an approximate value of $1.15 billion in FOXA stocks shares; and VANGUARD GROUP INC, currently with $960.72 million in FOXA stock with ownership of nearly -0.712% of the company’s market capitalization.

Positions in Fox Corporation stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 235 institutional holders increased their position in Fox Corporation [NASDAQ:FOXA] by around 16,315,016 shares. Additionally, 289 investors decreased positions by around 21,521,572 shares, while 76 investors held positions by with 275,549,502 shares. The mentioned changes placed institutional holdings at 313,386,090 shares, according to the latest SEC report filing. FOXA stock had 51 new institutional investments in for a total of 1,806,107 shares, while 81 institutional investors sold positions of 5,844,789 shares during the same period.

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