News Corp (NASDAQ:NWS) price on Friday, May 23, rose 1.53% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $32.47.
A look at the stock’s price movement, the close in the last trading session was $31.98. The PE ratio in trailing twelve months stood at 38.04. Turning to its 52-week performance, $35.25 and $26.04 were the 52-week high and 52-week low respectively. Overall, NWS moved 4.74% over the past month.
News Corp’s market cap currently stands at around $16.72 billion, with investors looking forward to this quarter’s earnings report slated for in June. The company has a Forward Dividend ratio of 0.20, with its dividend yield at 0.62%. 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 100% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
The technical evaluation for the stock shows the PEG ratio is 1.96, with NWS’s current price about 0.57% and 4.71% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 56.69, while 7-day volatility ratio is 1.32% and 0.90% in the 30-day chart. Further, News Corp (NWS) has a beta value of 1.24, and an average true range (ATR) of 0.65.
If we refocus on News Corp (NASDAQ:NWS), historical trading data shows that trading volumes averaged 744.30K over the past 3 months. The company’s latest data on shares outstanding shows there are 189.08 million shares.
The 82.04% of News Corp’s shares are in the hands of company insiders while institutional holders own 12.78% of the company’s shares. Current price change has pushed the stock 6.70% 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.
