Fox Corporation (NASDAQ:FOXA) shares traded 2.60% higher at $33.16 on Wall Street last session.
FOXA stock price is now 8.55% away from the 50-day moving average and 6.99% away from the 200-day moving average. The market capitalization of the company currently stands at $15.75B.
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With the price target maintained at $37, Seaport Research Partners recently Upgraded its rating from Neutral to Buy for Fox Corporation (NASDAQ: FOXA). On February 23, 2024, Citigroup Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $34 to quote $35, while ‘Wolfe Research’ rates the stock as ‘Peer Perform’
In other news, MURDOCH KEITH RUPERT, Chairman Emeritus sold 194,691 shares of the company’s stock on Nov 29 ’23. The stock was sold for $5,757,013 at an average price of $29.57. Upon completion of the transaction, the Chairman Emeritus now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 15 ’23, Chair MURDOCH KEITH RUPERT sold 100,000 shares of the business’s stock. A total of $3,190,000 was realized by selling the stock at an average price of $31.90. This leaves the insider owning 128,964 shares of the company worth $4.28 million. A total of 50.01% of the company’s stock is owned by insiders.
During the past 12 months, Fox Corporation has had a low of $28.28 and a high of $35.40. As of last week, the company has a debt-to-equity ratio of 0.68, a current ratio of 3.24, and a quick ratio of 2.94.
The net profit margin was 11.19% and return on equity was 15.02% for FOXA. The company reported revenue of $4.23 billion for the quarter, compared to $4.61 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.06 percent.
