News Corp (NASDAQ:NWS) price on current trading day, rose 0.77% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $27.38.
A look at the stock’s price movement, the close in the last trading session was $27.17, moving within a range at $27.26 and $27.47. The beta value (5-Year monthly) was 1.358 while the PE ratio in trailing twelve months stood at 59.03. Turning to its 52-week performance, $29.59 and $20.01 were the 52-week high and 52-week low respectively. Overall, NWS moved -3.35% over the past month.
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News Corp’s market cap currently stands at around $15.60 billion, with investors looking forward to this quarter’s earnings report slated for in October. The company has a Forward Dividend ratio of 0.20, with its dividend yield at 0.73%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NWS is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
NWS’s current price about -3.63% and -3.27% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 41.38, while 7-day volatility ratio is 1.62% and 1.81% in the 30-day chart. Further, News Corp (NWS) has a beta value of 1.39, and an average true range (ATR) of 0.58.
If we refocus on News Corp (NASDAQ:NWS), historical trading data shows that trading volumes averaged 0.86 over the past 10 days and 756.64K over the past 3 months. The company’s latest data on shares outstanding shows there are 190.42 million shares.
The 81.97% of News Corp’s shares are in the hands of company insiders while institutional holders own 13.14% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.67 million on 2024-08-30, giving us a short ratio of 4.76. The data shows that as of 2024-08-30 short interest in News Corp (NWS) stood at 238.00000000000003 of shares outstanding, with shares short falling to 2.72 million registered in 2024-07-31. Current price change has pushed the stock 6.45% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NWS stock continues to rise going into the next quarter.
