News Corp [NASDAQ: NWSA] gained 0.90% or 0.26 points to close at $29.11 with a heavy trading volume of 3393694 shares.
The daily chart for NWSA points out that the company has recorded 10.68% gains over the past six months.
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If we look at the average trading volume of 2.30M shares, NWSA reached to a volume of 3393694 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about News Corp [NWSA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NWSA shares is $36.17 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 1.56. 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.
Macquarie have made an estimate for News Corp shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 08, 2024. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Overweight. The new note on the price target was released on August 16, 2023, representing the official price target for News Corp stock. Previously, the target price had yet another raise from $17 to $25, while Loop Capital kept a Buy rating on NWSA stock. On October 17, 2022, analysts decreased their price target for NWSA shares from 30 to 17.
The Average True Range (ATR) for News Corp is set at 0.59, with the Price to Sales ratio for NWSA stock in the period of the last 12 months amounting to 1.68. The Price to Book ratio for the last quarter was 2.01, with the Price to Cash per share for the same quarter was set at 3.03. Price to Free Cash Flow for NWSA in the course of the last twelve months was 22.80 with Quick ratio for the last quarter at 1.26.
Trading performance analysis for NWSA stock
News Corp [NWSA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.17. With this latest performance, NWSA shares gained by 10.39% in over the last four-week period, additionally plugging by 10.68% over the last 6 months – not to mention a rise of 38.88% 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 69.19, with the RSI for the last a single of trading hit 70.13, and the three-weeks RSI is set at 66.21 for News Corp [NWSA]. The present Moving Average for the last 50 days of trading for this stock 26.80, while it was recorded at 29.21 for the last single week of trading, and 26.48 for the last 200 days.
News Corp [NWSA]: A deeper dive into fundamental analysis
News Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.26 and a Current Ratio set at 1.38.
News Corp [NWSA]: An earnings per share (EPS) analysis
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 Corp go to 19.85%.
An analysis of Institutional ownership at News Corp [NWSA]
There are presently around $103.71%, or 103.79%% 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 61.74 million shares, which is approximately 10.8124%. VANGUARD GROUP INC, holding 50.18 million shares of the stock with an approximate value of $$1.38 billion in NWSA stocks shares; and VANGUARD GROUP INC, currently with $$730.57 million in NWSA stock with ownership which is approximately 4.6407%.
