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After finishing at $28.34 in the prior trading day, News Corp (NASDAQ: NWS) closed at $29.29, up 3.35%. In other words, the price has increased by $3.35 from its previous closing price. On the day, 1.1 million shares were traded. NWS stock price reached its highest trading level at $29.37 during the session, while it also had its lowest trading level at $28.46.
Ratios:
Our goal is to gain a better understanding of NWS by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.10 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.60. 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.
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 NWS 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, NWS now has a Market Capitalization of 16341507072 and an Enterprise Value of 19591589888. As of this moment, News’s Price-to-Earnings (P/E) ratio for their current fiscal year is 80.78, and their Forward P/E ratio for the next fiscal year is 34.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.58 while its Price-to-Book (P/B) ratio in mrq is 2.08. Its current Enterprise Value per Revenue stands at 1.971 whereas that against EBITDA is 15.598.
Stock Price History:
The Beta on a monthly basis for NWS is 1.36, which has changed by 0.4364885 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, NWS has reached a high of $28.92, while it has fallen to a 52-week low of $19.36. The 50-Day Moving Average of the stock is 6.60%, while the 200-Day Moving Average is calculated to be 15.78%.
Shares Statistics:
The stock has traded on average 778.03K shares per day over the past 3-months and 795010 shares per day over the last 10 days, according to various share statistics. A total of 192.01M shares are outstanding, with a floating share count of 74.70M. Insiders hold about 86.10% of the company’s shares, while institutions hold 13.57% stake in the company. Shares short for NWS as of 1719532800 were 3492229 with a Short Ratio of 4.49, compared to 1717113600 on 2382020. Therefore, it implies a Short% of Shares Outstanding of 3492229 and a Short% of Float of 3.1.
Dividends & Splits
In the trailing 12 months, NWS’s forward annual dividend rate was 0.2, compared to 0.20 this year. Against a Trailing Annual Dividend Yield of 0.007057163The stock’s 5-year Average Dividend Yield is 1.12.
