Fox Corporation (NASDAQ:FOXA) shares, rose in value on Thursday, December 12, with the stock price up by 2.76% to the previous day’s close as strong demand from buyers drove the stock to $47.34.
Actively observing the price movement in the last trading, the stock closed the session at $46.07, falling within a range of $46.22 and $47.575. The value of beta (5-year monthly) was 0.77 whereas the PE ratio was 11.57 over 12-month period. Referring to stock’s 52-week performance, its high was $47.58, and the low was $28.28. On the whole, FOXA has fluctuated by 0.94% over the past month.
With the market capitalization of Fox Corporation currently standing at about $21.06 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 0.53, with its dividend yield at 1.12%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 15.57B, with a low estimate of 4.44B and a high estimate of 4.9B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.8B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that FOXA’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.96, with the price of FOXA currently trading nearly 1.95% and 7.07% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.15, while the 7-day volatility ratio is showing 2.03% which for the 30-day chart, stands at 1.82%. Furthermore, Fox Corporation (FOXA)’s beta value is 0.78, and its average true range (ATR) is 0.86.
A comparison of Fox Corporation (FOXA) with its peers suggests the former has fared considerably weaker in the market. FOXA showed an intraday change of 2.76% in last session, and over the past year, it grew by 62.68%%.
Data on historical trading for Fox Corporation (NASDAQ:FOXA) indicates that the trading volumes over the past 10 days have averaged 3.45 and over the past 3 months, they’ve averaged 3.40 million. According to company’s latest data on outstanding shares, there are 222.25 million shares outstanding.
Nearly 52.04% of Fox Corporation’s shares belong to company insiders and institutional investors own 54.76% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 23.21 million shares as on 2024-11-29, resulting in a short ratio of 5.66. According to the data, the short interest in Fox Corporation (FOXA) stood at 1216.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 21.51 million. The stock has risen by 59.56% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FOXA stock heading into the next quarter.
