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After finishing at $38.98 in the prior trading day, Fox Corporation (NASDAQ: FOXA) closed at $39.06, up 0.21%. In other words, the price has increased by $0.21 from its previous closing price. On the day, 2.48 million shares were traded. FOXA stock price reached its highest trading level at $39.2 during the session, while it also had its lowest trading level at $38.85.
Ratios:
Our goal is to gain a better understanding of FOXA 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 4.22 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.19. For the most recent quarter (mrq), Quick Ratio is recorded 2.33 and its Current Ratio is at 2.54. In the meantime, Its Debt-to-Equity ratio is 0.76 whereas as Long-Term Debt/Eq ratio is at 0.70.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Goldman on June 25, 2024, initiated with a Buy rating and assigned the stock a target price of $42.
On May 09, 2024, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $34 to $40.
Seaport Research Partners Upgraded its Neutral to Buy on April 05, 2024, while the target price for the stock was maintained at $37.
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 Jun 07 ’24 when Tomsic Steven sold 30,000 shares for $34.26 per share. The transaction valued at 1,027,800 led to the insider holds 110,568 shares of the business.
MURDOCH KEITH RUPERT sold 50,000 shares of FOXA for $1,516,000 on May 16 ’24. The Chairman Emeritus now owns 1,358,862 shares after completing the transaction at $30.32 per share. On May 15 ’24, another insider, MURDOCH KEITH RUPERT, who serves as the Chairman Emeritus of the company, sold 13,176 shares for $30.89 each. As a result, the insider received 407,007 and left with 1,408,862 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, FOXA now has a Market Capitalization of 17333344256 and an Enterprise Value of 22151483392. As of this moment, Fox’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.46, and their Forward P/E ratio for the next fiscal year is 10.77. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.30 while its Price-to-Book (P/B) ratio in mrq is 1.68. Its current Enterprise Value per Revenue stands at 1.585 whereas that against EBITDA is 7.781.
Stock Price History:
Over the past 52 weeks, FOXA has reached a high of $39.81, while it has fallen to a 52-week low of $28.28. The 50-Day Moving Average of the stock is 9.01%, while the 200-Day Moving Average is calculated to be 21.96%.
Shares Statistics:
The stock has traded on average 2.66M shares per day over the past 3-months and 3001130 shares per day over the last 10 days, according to various share statistics. A total of 466.73M shares are outstanding, with a floating share count of 229.25M. Insiders hold about 50.88% of the company’s shares, while institutions hold 54.66% stake in the company. Shares short for FOXA as of 1722384000 were 23248532 with a Short Ratio of 8.73, compared to 1719532800 on 24671600. Therefore, it implies a Short% of Shares Outstanding of 23248532 and a Short% of Float of 15.540000000000001.
Dividends & Splits
In the trailing 12 months, FOXA’s forward annual dividend rate was 0.52, compared to 0.52 this year. Against a Trailing Annual Dividend Yield of 0.013340174The stock’s 5-year Average Dividend Yield is 1.47.
