News Corp (NASDAQ:NWS) does about 808.76K shares in volume on a normal day but saw 3843259 shares change hands in the recent trading day. The company now has a market cap of 16.85B USD. Its current market price is $808760.0, marking an increase of 3843259% compared to the previous close of $32.31. The 52 week high reached by this stock is $35.25 whilst the lowest price level in 52 weeks is $26.04.
The consensus objective for the share price is $45.00, suggesting that the stock has a potential downside of -1797144.44% over the period.
The current price level is 1.20%, 2.59%, and 6.08% 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 2.94% over the week and -0.55% over the past month. Its price is 18.76% year-to-date and 7.13% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0.17 and 0.89 for whole year. Expected sales for next quarter are $2.14B, which analysts say will come at $8.51B for the current fiscal year and next year at $8.74B. In addition, estimates put the company’s current quarterly revenue at an average of $2.09B.
To reach the target analysts have set, the stock logically needs to shrink -1797144.44 percent from here.
The company has a return on investment of 4.42% and return on equity of 5.88%. The price to earnings ratio (P/E ratio) amounts to 38.19 while the forward price to earnings ratio is 31.44. The beta has a value of 1.25. Price to book ratio is 2.25 and price to sales ratio is 1.79.
