Stocks of News Corp (NASDAQ:NWS) traded higher last session on Wall Street, up 0.90% to $31.30.
NWS stock price is now 2.03% away from the 50-day moving average and 11.02% away from the 200-day moving average. The market capitalization of the company currently stands at $16.66B.
In other news, Kline David R, Chief Technology Officer sold 10,000 shares of the company’s stock on Sep 05 ’24. The stock was sold for $269,626 at an average price of $26.96. Upon completion of the transaction, the Chief Technology Officer 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 05 ’24, Officer Kline David R bought 10,000 shares of the business’s stock. A total of $269,626 was incurred on buying the stock at an average price of $26.96. A total of 82.01% of the company’s stock is owned by insiders.
During the past 12 months, News Corp has had a low of $23.99 and a high of $32.87. As of last week, the company has a debt-to-equity ratio of 0.49, a current ratio of 1.38, and a quick ratio of 1.26. According to the stock market information, the enterprise value for the company is $20644395008, which is based on a 50.49 price-to-earnings ratio, a 2.65 price-to-earnings-growth ratio, and a beta of 1.39. The fifty day moving average price for NWS is $30.5996 and a two-hundred day moving average price translates $28.1727 for the stock.
The latest earnings results from News Corp (NASDAQ: NWS) was released for 2024-09-30. The net profit margin was 3.49% and return on equity was 4.40% for NWS. The company reported revenue of $2.58 billion for the quarter, compared to $2.5 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.12 percent.
