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Friday, September 29, 2023

The Question Is Whether To Buy Or Not To Buy Fox Corporation (NASDAQ: FOXA)

After Hours

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. After-hours trades for Fox Corporation (FOXA) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.12, or -0.37%, to $32.00. The Fox Corporation has recorded 35,630 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that FOX News Media Extends Bret Baier’s Multi-Year Deal.

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Stocks Info

Fox Corporation is listed on the NASDAQ as a member of the Communication Services sector and is a part of the Entertainment industry. At the end of the last regular session, the stock closed at $32.12 and fluctuated between $32.17 as its day high and $31.49 as its day low. The current market capitalization of Fox Corporation is $14.89B. A total of 3.37 million shares were traded on the day, compared to an average of 4.17M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, FOXA has seen 22 BUY and 24 SELL insider trades, representing the acquisition of 997,318 and the disposition of 791,653 shares. Over the last 12 months, there were 23 BUYs and 25 SELLs from insiders. Insiders purchased 1,045,755 shares during that period but sold 863,860.

In the most recent transaction, DINH VIET D sold 231,865 shares of FOXA for 33.40 per share on Aug 17. After the transaction, the Chief Legal and Policy Officer now owns 56,161 company shares. In a previous transaction on Aug 15, MURDOCH LACHLAN K bought 141,367 shares at 33.84 per share. FOXA shares that Executive Chair, CEO owns now total 956,702.

Among the insiders who sold shares, MURDOCH LACHLAN K disposed of 141,367 shares on Aug 15 at a per-share price of $33.84. This resulted in the Executive Chair, CEO holding 152 shares of FOXA after the transaction. In another insider transaction, MURDOCH KEITH RUPERT sold 100,000 shares at $33.62 per share on Jun 16. Company shares held by the Chair now total 157,513.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Fox Corporation pays an annual dividend of $0.52, resulting in a dividend yield of 1.62%, and it has a price to earnings (P/E) ratio of 13.92. FOXA’s most recent ex-dividend date was 8/29/2023 when it declared a $0.26 quarterly dividend that was paid in cash on 9/27/2023. Previously, the company paid the dividend on 3/29/2023 with an ex-dividend date of 2/28/2023. The FOXA stock dividend was $0.25 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for FOXA in the last 3 months, the mean price target is $36.31 with high estimates of $44.00 and low estimates of $28.00. In terms of 52-week highs and lows, FOXA has a high of $37.26 and a low of $28.01.

As of this writing, FOXA has an earnings estimate of $1.04 per share for the current quarter. EPS was calculated based on a consensus of 20 estimates, with a high estimate of $1.2 per share and a lower estimate of $0.82. The company reported an EPS of $0.94 in the last quarter, which was 8.00% higher than expectations of $0.87.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. FOXA’s latest balance sheet shows that the firm has $5.20B in Cash & Short Term Investments as of fiscal 2022. There were $7.21B in debt and $2.30B in liabilities at the time. Its Book Value Per Share was $20.55, while its Total Shareholder’s Equity was $11.56B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 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 FOXA is Buy with a score of 3.50.

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