News Corporation [NWSA] Stock trading around $16.46 per share: What’s Next?

News Corporation [NASDAQ: NWSA] stock went on a downward path that fall over -0.06% on Thursday, amounting to a one-week price decrease of less than -1.67%. The company report on November 3, 2022 that Realtor.com® October Housing Report: Number of Homes For Sale Surpasses 2020 Levels.


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In October, the national inventory of active listings grew 33.5% year-over-year to a two-year high; affordability challenges continued to drive home shopper interest in relocating in Q3.

The U.S. supply of for-sale homes hit a milestone on the road to recovery from the shortage of the past two years in October, as active listings soared 33.5% year-over-year to the highest level since 2020, according to the Realtor.com® Monthly Housing Trends Report released today. However, October data suggests that fewer home shoppers could afford to take advantage of the rise in available inventory, with time on market continuing to climb amid still-high listing prices.

Over the last 12 months, NWSA stock dropped by -29.48%. The one-year News Corporation stock forecast points to a potential upside of 29.05. The average equity rating for NWSA stock is currently 2.40, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $9.49 billion, with 585.30 million shares outstanding and 499.47 million shares in the current float. Compared to the average trading volume of 2.71M shares, NWSA stock reached a trading volume of 4055143 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $23.20 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 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 News Corporation shares, keeping their opinion on the stock as Hold, with their previous recommendation back on October 17, 2022. The new note on the price target was released on July 28, 2022, representing the official price target for News Corporation stock.

The Average True Range (ATR) for News Corporation is set at 0.54, with the Price to Sales ratio for NWSA stock in the period of the last 12 months amounting to 0.91. The Price to Book ratio for the last quarter was 1.17, with the Price to Cash per share for the same quarter was set at 3.16. Price to Free Cash Flow for NWSA in the course of the last twelve months was 13.95 with Quick ratio for the last quarter at 1.10.

NWSA Stock Performance Analysis:

News Corporation [NWSA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.67. With this latest performance, NWSA shares gained by 1.98% in over the last four-week period, additionally sinking by -16.57% over the last 6 months – not to mention a drop of -29.48% 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 49.62, with the RSI for the last a single of trading hit 47.04, and the three-weeks RSI is set at 49.79 for News Corporation [NWSA]. The present Moving Average for the last 50 days of trading for this stock 16.41, while it was recorded at 16.74 for the last single week of trading, and 18.53 for the last 200 days.

Insight into News Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and News Corporation [NWSA] shares currently have an operating margin of +9.55 and a Gross Margin at +44.03. News Corporation’s Net Margin is presently recorded at +6.00.

Return on Equity for this stock inclined to 7.58, with Return on Assets sitting at 3.67.

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

NWSA 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 NWSA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for News Corporation go to 1.97%.

News Corporation [NWSA] Insider Position Details

There are presently around $6,175 million, or 99.42% of NWSA stock, in the hands of institutional investors. The top three institutional holders of NWSA stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 68,042,667, which is approximately 23.442% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 54,856,685 shares of the stock with an approximate value of $902.94 million in NWSA stocks shares; and INDEPENDENT FRANCHISE PARTNERS LLP, currently with $462.51 million in NWSA stock with ownership of nearly -3.379% of the company’s market capitalization.

Positions in News Corporation stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 205 institutional holders increased their position in News Corporation [NASDAQ:NWSA] by around 30,843,743 shares. Additionally, 193 investors decreased positions by around 30,654,380 shares, while 65 investors held positions by with 313,645,779 shares. The mentioned changes placed institutional holdings at 375,143,902 shares, according to the latest SEC report filing. NWSA stock had 47 new institutional investments in for a total of 2,836,687 shares, while 51 institutional investors sold positions of 1,711,944 shares during the same period.

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