Fox Corporation (NASDAQ:FOX) shares, rose in value on Friday, January 03, with the stock price up by 1.04% to the previous day’s close as strong demand from buyers drove the stock to $46.72.
Actively observing the price movement in the last trading, the stock closed the session at $46.24, falling within a range of $45.62 and $46.75. The value of beta (5-year monthly) was 0.77 whereas the PE ratio was 11.42 over 12-month period. Referring to stock’s 52-week performance, its high was $47.80, and the low was $25.82. On the whole, FOX has fluctuated by 6.06% over the past month.
With the market capitalization of Fox Corporation currently standing at about $21.95 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.53, with its dividend yield at 1.13%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that FOX’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 1.62, with the price of FOX currently trading nearly 2.41% and 7.58% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.97, while the 7-day volatility ratio is showing 1.60% which for the 30-day chart, stands at 1.83%. Furthermore, Fox Corporation (FOX)’s beta value is 0.82, and its average true range (ATR) is 0.84.
A comparison of Fox Corporation (FOX) with its peers suggests the former has fared considerably weaker in the market. FOX showed an intraday change of 1.04% in last session, and over the past year, it grew by 67.04%%.
Data on historical trading for Fox Corporation (NASDAQ:FOX) indicates that the trading volumes over the past 10 days have averaged 1.06 and over the past 3 months, they’ve averaged 1.03 million. According to company’s latest data on outstanding shares, there are 235.58 million shares outstanding.
Nearly 71.07% of Fox Corporation’s shares belong to company insiders and institutional investors own 27.88% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.08 million shares as on 2024-12-13, resulting in a short ratio of 2.26. According to the data, the short interest in Fox Corporation (FOX) stood at 233.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 3.08 million. The stock has risen by 2.14% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FOX stock heading into the next quarter.
