Fox Corporation [NASDAQ: FOXA] closed the trading session at $41.71.
The stocks have a year to date performance of 40.58 percent and weekly performance of -2.02 percent. The stock has been moved at 31.66 percent over the last six months. The stock has performed -0.64 percent around the most recent 30 days and changed 11.20 percent over the most recent 3-months.
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If compared to the average trading volume of 2.66M shares, FOXA reached to a volume of 3851942 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 [FOXA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FOXA shares is $41.89 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 2.36. 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.
Seaport Research Partners have made an estimate for Fox Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 09, 2024. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $29 to $46. The new note on the price target was released on August 16, 2024, representing the official price target for Fox Corporation stock. Previously, the target price had yet another raise to $42, while Goldman analysts kept a Buy rating on FOXA stock. On May 09, 2024, analysts increased their price target for FOXA shares from 34 to 40.
The Average True Range (ATR) for Fox Corporation is set at 0.56, with the Price to Sales ratio for FOXA stock in the period of the last 12 months amounting to 1.37. The Price to Book ratio for the last quarter was 1.80, with the Price to Cash per share for the same quarter was set at 9.43. Price to Free Cash Flow for FOXA in the course of the last twelve months was 12.78 with Quick ratio for the last quarter at 2.33.
FOXA stock trade performance evaluation
Fox Corporation [FOXA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.02. With this latest performance, FOXA shares dropped by -0.64% in over the last four-week period, additionally plugging by 31.66% over the last 6 months – not to mention a rise of 36.98% 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 51.74, with the RSI for the last a single of trading hit 46.68, and the three-weeks RSI is set at 54.97 for Fox Corporation [FOXA]. The present Moving Average for the last 50 days of trading for this stock 41.10, while it was recorded at 42.06 for the last single week of trading, and 34.84 for the last 200 days.
Fox Corporation [FOXA]: An insightful look at the core fundamentals
Fox Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.33 and a Current Ratio set at 2.54.
Earnings per share (EPS) analysis for Fox Corporation [FOXA] stock
With the latest financial reports released by the company, Fox Corporation posted 1.09/share EPS, while the average EPS was predicted by analysts to be reported at 1.01/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.08. 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 6.14%.
Fox Corporation [FOXA]: Institutional Ownership
There are presently around $114.75%, or 116.05%% of FOXA stock, in the hands of institutional investors. The top three institutional holders of FOXA stocks are: BLACKROCK INC. with ownership of 32.96 million shares, which is approximately 6.9541%. VANGUARD GROUP INC, holding 29.09 million shares of the stock with an approximate value of $$999.82 million in FOXA stocks shares; and VANGUARD GROUP INC, currently with $$982.79 million in FOXA stock with ownership which is approximately 6.0326%.
