Fox Corporation [NASDAQ: FOX] plunged by -$0.32 during the normal trading session on Thursday and reaching a high of $28.725 during the day while it closed the day at $28.14. The company report on November 13, 2023 at 4:52 PM that TUBI PARTNERS WITH THE BLACK LIST ON “THE TO BE COMMISSIONED INITIATIVE”.
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Fox Corporation stock has also gained 1.59% of its value over the past 7 days. However, FOX stock has declined by -10.07% in the 3 months of the year. Over the past six months meanwhile, it has lost -1.95% and lost -1.09% year-on date.
The market cap for FOX stock reached $13.67 billion, with 235.58 million shares outstanding and 131.95 million shares in the current float. Compared to the average trading volume of 1.04M shares, FOX reached a trading volume of 8150380 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 Fox Corporation [FOX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FOX shares is $34.61 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FOX stock is a recommendation set at 2.85. 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.
The Average True Range (ATR) for Fox Corporation is set at 0.76, with the Price to Sales ratio for FOX stock in the period of the last 12 months amounting to 0.92. The Price to Book ratio for the last quarter was 1.31, with the Price to Cash per share for the same quarter was set at 7.88. Price to Free Cash Flow for FOX in the course of the last twelve months was 11.61 with Quick ratio for the last quarter at 1.81.
FOX stock trade performance evaluation
Fox Corporation [FOX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.59. With this latest performance, FOX shares dropped by -3.03% in over the last four-week period, additionally sinking by -1.95% over the last 6 months – not to mention a drop of -2.93% 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 FOX stock in for the last two-week period is set at 48.42, with the RSI for the last a single of trading hit 49.25, and the three-weeks RSI is set at 47.55 for Fox Corporation [FOX]. The present Moving Average for the last 50 days of trading for this stock 28.53, while it was recorded at 28.07 for the last single week of trading, and 30.38 for the last 200 days.
Fox Corporation [FOX]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Fox Corporation [FOX] shares currently have an operating margin of +18.53 and a Gross Margin at +32.27. Fox Corporation’s Net Margin is presently recorded at +8.31.
Return on Total Capital for FOX is now 14.49, given the latest momentum, and Return on Invested Capital for the company is 6.84. Return on Equity for this stock inclined to 11.41, with Return on Assets sitting at 5.63. When it comes to the capital structure of this company, Fox Corporation [FOX] has a Total Debt to Total Equity ratio set at 79.08. Additionally, FOX Total Debt to Total Capital is recorded at 44.16, with Total Debt to Total Assets ending up at 37.53. Long-Term Debt to Equity for the company is recorded at 66.35, with the Long-Term Debt to Total Capital now at 37.05.
Reflecting on the efficiency of the workforce at the company, Fox Corporation [FOX] managed to generate an average of $119,135 per employee. Receivables Turnover for the company is 6.93 with a Total Asset Turnover recorded at a value of 0.68.Fox Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.81 and a Current Ratio set at 2.02.
Fox Corporation [FOX]: Institutional Ownership
The top three institutional holders of FOX stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in FOX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in FOX stock with ownership which is approximately 5.7994%.
