News Corp (NASDAQ:NWS) shares, rose in value on Friday, May 30, with the stock price down by -0.55% to the previous day’s close as strong demand from buyers drove the stock to $32.72.
Actively observing the price movement in the last trading, the stock closed the session at $32.90. The PE ratio was 38.33 over 12-month period. Referring to stock’s 52-week performance, its high was $35.25, and the low was $26.04. On the whole, NWS has fluctuated by 4.14% over the past month.
With the market capitalization of News Corp currently standing at about $16.84 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.20, with its dividend yield at 0.61%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 8.54B, with a low estimate of 2.05B and a high estimate of 2.11B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.09B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NWS’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 Hold 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 2.01, with the price of NWS currently trading nearly 0.44% and 5.04% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.22, while the 7-day volatility ratio is showing 0.66% which for the 30-day chart, stands at 0.93%. Furthermore, News Corp (NWS)’s beta value is 1.24, and its average true range (ATR) is 0.61.
A comparison of News Corp (NWS) with its peers suggests the former has fared considerably weaker in the market. NWS showed an intraday change of -0.55% in last session, and over the past year, it grew by 19.03%%.
Data on historical trading for News Corp (NASDAQ:NWS) indicates that the trading volumes over the past 3 months, they’ve averaged 739.30K. According to company’s latest data on outstanding shares, there are 189.08 million shares outstanding.
Nearly 82.04% of News Corp’s shares belong to company insiders and institutional investors own 12.80% of the company’s shares. The stock has risen by 7.53% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NWS stock heading into the next quarter.
