News Corporation [NWSA] Revenue clocked in at $10.36 billion, up 13.41% YTD: What’s Next?

News Corporation [NASDAQ: NWSA] price surged by 5.68 percent to reach at $1.11. The company report on January 24, 2023 that Announcement by Fox Corporation’s Board of Directors On Potential Combination with News Corporation.

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Fox Corporation (“FOX” or the “Company”) (Nasdaq: FOX, FOXA) announced today that the Company’s board of directors received a letter from K. Rupert Murdoch withdrawing the proposal to explore a potential combination of FOX and News Corporation (“News Corp”) (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV).

In withdrawing the proposal, Mr. Murdoch indicated that he and Lachlan K. Murdoch have determined that a combination is not optimal for the shareholders of FOX and News Corp at this time.

A sum of 9543807 shares traded at recent session while its average daily volume was at 2.48M shares. News Corporation shares reached a high of $21.28 and dropped to a low of $20.42 until finishing in the latest session at $20.64.

The one-year NWSA stock forecast points to a potential upside of 10.8. The average equity rating for NWSA stock is currently 2.40, trading closer to a bullish pattern in the stock market.

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 $23.14 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 Buy, with their previous recommendation back on January 25, 2023. While these analysts kept the previous recommendation, Loop Capital dropped their target price from $30 to $17. The new note on the price target was released on October 17, 2022, representing the official price target for News Corporation stock. Previously, the target price had yet another raise to $21.10, while Macquarie analysts kept a Neutral rating on NWSA 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 1.12. The Price to Book ratio for the last quarter was 1.52, with the Price to Cash per share for the same quarter was set at 2.59. Price to Free Cash Flow for NWSA in the course of the last twelve months was 24.45 with Quick ratio for the last quarter at 1.10.

NWSA Stock Performance Analysis:

News Corporation [NWSA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.38. With this latest performance, NWSA shares gained by 15.89% in over the last four-week period, additionally plugging by 23.59% over the last 6 months – not to mention a drop of -6.18% 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 72.01, with the RSI for the last a single of trading hit 77.40, and the three-weeks RSI is set at 68.11 for News Corporation [NWSA]. The present Moving Average for the last 50 days of trading for this stock 18.51, while it was recorded at 19.54 for the last single week of trading, and 17.53 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.


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 -1.47%.

News Corporation [NWSA] Insider Position Details

There are presently around $7,641 million, or 99.10% 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 68,910,214, which is approximately 1.275% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 55,393,232 shares of the stock with an approximate value of $1.14 billion in NWSA stocks shares; and INDEPENDENT FRANCHISE PARTNERS LLP, currently with $564.24 million in NWSA stock with ownership of nearly -2.711% of the company’s market capitalization.

Positions in News Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 201 institutional holders increased their position in News Corporation [NASDAQ:NWSA] by around 14,087,963 shares. Additionally, 187 investors decreased positions by around 14,391,908 shares, while 73 investors held positions by with 341,729,912 shares. The mentioned changes placed institutional holdings at 370,209,783 shares, according to the latest SEC report filing. NWSA stock had 52 new institutional investments in for a total of 1,629,016 shares, while 51 institutional investors sold positions of 3,460,381 shares during the same period.


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