Seaport Research Partners has recently reduced Fox Corp Class A (FOXA) stock to Neutral rating, as announced on September 9, 2024, according to Finviz. Earlier, on August 16, 2024, Wells Fargo had raised the stock from a Underweight to Overweight, setting a price target of $46 for FOXA stock. Goldman also initiated Buy rating with a price target of $42. Additionally, BofA Securities raised Buy rating on May 9, 2024, with a target price of $40. Seaport Research Partners analysts, in their report published on April 5, 2024, also raised Buy rating and set a price target of $37 for Fox Corp Class A’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Fox Corp Class A (FOXA) Stock Trading Recap
On Tuesday, Fox Corp Class A (FOXA) stock saw a modest uptick, ending the day at $48.82 which represents a slight increase of $0.63 or 1.31% from the prior close of $48.19. The stock opened at $48.74 and touched a low of $48.4 during the day, reaching a high of $49.23. The volume of shares traded was 4.29 million exceeding the average volume of 3.45 million.
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FOXA Stock Performance and Moving Averages
In recent trading, Fox Corp Class A (FOXA) stock price has shown some volatility, fluctuating -1.63% over the last five trades and 5.97% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 35.65%, and it has gained 17.95% in the previous three months. Currently, FOXA is trading at -0.22%, 3.79%, and 24.43% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, FOXA, a Communication Services sector stock, is trading -3.57% below its 52-week high but remains 72.60% above its 52-week low. The Average True Range (ATR) (14 days) of 0.95 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Fox Corp Class A’s Profitability and Valuation Ratios
Fox Corp Class A’s profitability metrics reveal financial health. The company currently boasts an operating margin of 18.57% and a profit margin of 13.40%, with a gross margin of 35.65%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Fox Corp Class A’s market capitalization stands at $21.76 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 11.93, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 12.73. Additionally, the Price-to-Sales Ratio is 1.52, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.98, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 52.04% of Fox Corp Class A (FOXA)’s shares, while financial institutions hold 54.83%.
Notable insider trades include MURDOCH KEITH RUPERT, Chairman Emeritus at Fox Corp Class A (FOXA), who sold 771024 shares on Nov 26 ’24, at $46.07 each, totaling $35.52 million. On Nov 25 ’24, MURDOCH KEITH RUPERT, Chairman Emeritus, sold 186871 shares for $46.22 each, amounting to $8.64 million. Additionally, on Nov 06 ’24, MURDOCH KEITH RUPERT sold 100000 shares at $42.05 each, generating $4.21 million.