News Corporation [NWSA] Stock trading around $16.16 per share: What’s Next?

News Corporation [NASDAQ: NWSA] plunged by -$0.93 during the normal trading session on Wednesday and reaching a high of $16.45 during the day while it closed the day at $16.16. The company report on November 8, 2022 that News Corporation Reports First Quarter Results for Fiscal 2023.

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Revenues in the quarter were $2.48 billion, a 1% decrease compared to $2.50 billion in the prior year, driven by a $153 million, or 6%, negative impact from foreign currency fluctuations and lower Book Publishing segment revenues. Adjusted Revenues increased 3%.

News Corporation stock has also loss -1.88% of its value over the past 7 days. However, NWSA stock has declined by -13.44% in the 3 months of the year. Over the past six months meanwhile, it has lost -4.38% and lost -27.57% year-on date.

The market cap for NWSA stock reached $9.35 billion, with 585.30 million shares outstanding and 499.47 million shares in the current float. Compared to the average trading volume of 2.75M shares, NWSA reached a trading volume of 6687029 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $23.31 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 0.66, with the Price to Sales ratio for NWSA stock in the period of the last 12 months amounting to 0.90. The Price to Book ratio for the last quarter was 1.15, with the Price to Cash per share for the same quarter was set at 3.15. Price to Free Cash Flow for NWSA in the course of the last twelve months was 13.76 with Quick ratio for the last quarter at 1.10.

NWSA stock trade performance evaluation

News Corporation [NWSA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.88. With this latest performance, NWSA shares gained by 4.53% in over the last four-week period, additionally sinking by -4.38% over the last 6 months – not to mention a drop of -31.90% 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 45.10, with the RSI for the last a single of trading hit 41.01, and the three-weeks RSI is set at 46.70 for News Corporation [NWSA]. The present Moving Average for the last 50 days of trading for this stock 16.35, while it was recorded at 16.62 for the last single week of trading, and 18.43 for the last 200 days.

News Corporation [NWSA]: An insightful look at the core 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.

Earnings per share (EPS) analysis for News Corporation [NWSA] stock

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 Ownership positions

There are presently around $6,056 million, or 99.40% 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 $886.48 million in NWSA stocks shares; and INDEPENDENT FRANCHISE PARTNERS LLP, currently with $454.08 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 206 institutional holders increased their position in News Corporation [NASDAQ:NWSA] by around 31,107,228 shares. Additionally, 188 investors decreased positions by around 25,829,658 shares, while 63 investors held positions by with 317,844,597 shares. The mentioned changes placed institutional holdings at 374,781,483 shares, according to the latest SEC report filing. NWSA stock had 43 new institutional investments in for a total of 2,857,592 shares, while 53 institutional investors sold positions of 2,448,264 shares during the same period.


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