Closing Bell Recap: News Corp (NWSA) Ends at 27.15, Reflecting a -0.59 Downturn

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News Corp (NASDAQ: NWSA) closed the day trading at $27.15 down -0.59% from the previous closing price of $27.31. In other words, the price has decreased by -$0.59 from its previous closing price. On the day, 2.07 million shares were traded. NWSA stock price reached its highest trading level at $27.645 during the session, while it also had its lowest trading level at $27.145.

Ratios:

For a better understanding of NWSA, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.51 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.09. For the most recent quarter (mrq), Quick Ratio is recorded 1.25 and its Current Ratio is at 1.36. In the meantime, Its Debt-to-Equity ratio is 0.50 whereas as Long-Term Debt/Eq ratio is at 0.48.

Loop Capital Upgraded its Hold to Buy on January 25, 2023, whereas the target price for the stock was revised from $17 to $25.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 16 ’23 when PANUCCIO SUSAN sold 10,758 shares for $21.38 per share. The transaction valued at 230,006 led to the insider holds 154,287 shares of the business.

PANUCCIO SUSAN sold 184,212 shares of NWSA for $3,863,662 on Aug 15 ’23. The Chief Financial Officer now owns 165,045 shares after completing the transaction at $20.97 per share. On Aug 15 ’23, another insider, Pitofsky David B, who serves as the General Counsel of the company, sold 58,000 shares for $20.98 each. As a result, the insider received 1,216,608 and left with 83,291 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NWSA now has a Market Capitalization of 15606417408 and an Enterprise Value of 18369650688. As of this moment, News’s Price-to-Earnings (P/E) ratio for their current fiscal year is 74.88, and their Forward P/E ratio for the next fiscal year is 31.85. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.47 while its Price-to-Book (P/B) ratio in mrq is 1.92. Its current Enterprise Value per Revenue stands at 1.848 whereas that against EBITDA is 14.626.

Stock Price History:

Over the past 52 weeks, NWSA has reached a high of $28.62, while it has fallen to a 52-week low of $19.09. The 50-Day Moving Average of the stock is -0.10%, while the 200-Day Moving Average is calculated to be 10.01%.

Shares Statistics:

Over the past 3-months, NWSA traded about 2.74M shares per day on average, while over the past 10 days, NWSA traded about 2817230 shares per day. A total of 379.95M shares are outstanding, with a floating share count of 374.71M. Insiders hold about 30.24% of the company’s shares, while institutions hold 71.75% stake in the company. Shares short for NWSA as of 1721001600 were 6583389 with a Short Ratio of 2.40, compared to 1718323200 on 7716749. Therefore, it implies a Short% of Shares Outstanding of 6583389 and a Short% of Float of 1.7399999999999998.

Dividends & Splits

NWSA’s forward annual dividend rate is 0.20, up from 0.2 a year ago. Against a Trailing Annual Dividend Yield of 0.007323325The stock’s 5-year Average Dividend Yield is 1.13.

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