After Hours
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for News Corporation (NWSA) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.56, or 3.44%, to $16.85. The News Corporation has recorded 30,757 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Realtor.com® February Housing Report: More Choices for Buyers as Inventory Recovery Continues at Breakneck Speed.
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Stocks Info
As a NASDAQ listed company, NWSA falls under the Communication Services sector while operating within the Entertainment industry segment. At the end of the last regular session, the stock closed at $16.29 and fluctuated between $16.84 as its day high and $16.27 as its day low. The current market capitalization of News Corporation is $9.40B. A total of 3.38 million shares were traded on the day, compared to an average of 2.58M shares.
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, NWSA has seen 6 BUY and 6 SELL insider trades, representing the acquisition of 14,106 and the disposition of 14,106 shares. Over the last 12 months, there were 54 BUYs and 57 SELLs from insiders. Insiders purchased 1,557,827 shares during that period but sold 1,420,405.
In the most recent transaction, Pitofsky David B sold 23,750 shares of NWSA for 17.23 per share on Mar 03. After the transaction, the General Counsel now owns 63,956 company shares. In a previous transaction on Aug 15, Pitofsky David B sold 82,028 shares at 18.73 per share. NWSA shares that General Counsel owns now total 87,706.
Dividend
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. News Corporation pays an annual dividend of $0.20, resulting in a dividend yield of 1.23%, and it has a price to earnings (P/E) ratio of 31.94. NWSA’s most recent ex-dividend date was 3/14/2023 when it declared a $0.10 quarterly dividend that was paid in cash on 4/12/2023. Previously, the company paid the dividend on 10/12/2022 with an ex-dividend date of 9/13/2022. The NWSA stock dividend was $0.10 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for NWSA in the last 3 months, the mean price target is $24.71 with high estimates of $29.00 and low estimates of $21.46. In terms of 52-week highs and lows, NWSA has a high of $23.07 and a low of $14.87.
As of this writing, NWSA has an earnings estimate of $0.1 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.12 per share and a lower estimate of $0.06. The company reported an EPS of $0.12 in the last quarter, which was -20.00% lower than expectations of $0.15.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 10 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NWSA is Hold with a score of 4.60. A total of 6 analysts rated the stock as Buy while 0 rated it as Overweight while 4 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.
