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. Yahoo Finance discussed the stock recently as it posted News Corp to Report Fiscal 2024 Second Quarter Earnings.
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Stocks Info
The company is listed on the NASDAQ and operates within the Entertainment industry segment. At the end of the last regular session, the stock closed at $25.29 and fluctuated between $25.59 as its day high and $25.07 as its day low. The current market capitalization of News Corp is $14.48B. A total of 0.71 million shares were traded on the day, compared to an average of 1.03M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, NWS has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 0 BUYs and 0 SELLs from insiders. Insiders purchased 0 shares during that period but sold 0.
In the most recent transaction, PANUCCIO SUSAN sold 10,758 shares of NWS for 21.38 per share on Aug 16. After the transaction, the Chief Financial Officer now owns 154,287 company shares. In a previous transaction on Aug 15, PANUCCIO SUSAN sold 184,212 shares at 20.97 per share. NWS shares that Chief Financial Officer owns now total 165,045.
Among the insiders who sold shares, Pitofsky David B disposed of 58,000 shares on Aug 15 at a per-share price of $20.98. This resulted in the General Counsel holding 83,291 shares of NWS after the transaction. In another insider transaction, DeGrazio Marygrace sold 9,754 shares at $21.08 per share on Aug 15. Company shares held by the Chief Accounting Officer now total 21,722.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. News Corp pays an annual dividend of $0.20, resulting in a dividend yield of 0.81%, and it has a price to earnings (P/E) ratio of 105.07. NWS’s most recent ex-dividend date was 9/12/2023 when it declared a $0.10 quarterly dividend that was paid in cash on 10/11/2023. Previously, the company paid the dividend on 4/12/2023 with an ex-dividend date of 3/14/2023. The NWS stock dividend was $0.10 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for NWS in the last 3 months, the mean price target is $27.77 with high estimates of $32.00 and low estimates of $23.00. In terms of 52-week highs and lows, NWS has a high of $26.00 and a low of $15.73.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. NWS’s latest balance sheet shows that the firm has $1.82B in Cash & Short Term Investments as of fiscal 2022. There were $4.16B in debt and $3.52B in liabilities at the time. Its Book Value Per Share was $13.78, while its Total Shareholder’s Equity was $9.14B.
Analysts Opinion
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. 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 NWS is Buy with a score of 0.00.
