News Corp (NASDAQ:NWS) does about 787.44K shares in volume on a normal day but saw 1467925 shares change hands in the recent trading day. The company now has a market cap of 17.48B USD. Its current market price is $34.08, marking an increase of 0.47% compared to the previous close of $33.92. The 52 week high reached by this stock is $34.97 whilst the lowest price level in 52 weeks is $23.99.
News Corp (NWS) has a 20-day trading average at $31.72 and the current price is -2.55% off the 52-week high compared with 42.06% distance from its 52-week low. The 50-day simple moving average of the closing price is $31.47 and its 200-day simple moving average is $28.95. If we look at the stock’s price movements over the week, volatility stands at 3.42%, which decreases to 2.16% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 78.66 to suggest the stock is overbought.
The consensus objective for the share price is $37.00, suggesting that the stock has a potential upside of 7.89% over the period.
The current price level is 7.46%, 8.30%, and 17.70% away from its SMA20, SMA50, and SMA200 respectively, with the NWS price moving above the 50-day SMA on current market day. News Corp (NWS) stock is up 6.67% over the week and 12.03% over the past month. Its price is 11.99% year-to-date and 34.70% over the past year.
To reach the target analysts have set, the stock logically needs to grow 7.89 percent from here.
Outstanding shares total 189.50M with insiders holding 40.93% of the shares and institutional holders owning 44.68% of the company’s common stock. The company has a return on investment of 3.77% and return on equity of 5.23%. The price to earnings ratio (P/E ratio) amounts to 47.01 while the forward price to earnings ratio is 33.35. The beta has a value of 1.39. Price to book ratio is 2.37 and price to sales ratio is 1.78.
