Fox Corporation (NASDAQ:FOX) does about 1.33M shares in volume on a normal day but saw 1380309 shares change hands in Tuesday trading. The company now has a market cap of 16.34B USD. Its current market price is $29.12, marking an increase of 0.97% compared to the previous close of $28.84. The 52 week high reached by this stock is $40.91 whilst the lowest price level in 52 weeks is $26.35. The script in recent trading has seen the stock touch a high of $29.24 and a low of $28.875.
Fox Corporation (FOX) has a 20-day trading average at $28.08 and the current price is -28.82% off the 52-week high compared with 10.51% distance from its 52-week low. The 50-day simple moving average of the closing price is $28.73 and its 200-day simple moving average is $32.34. If we look at the stock’s price movements over the week, volatility stands at 2.03%, which increases to 3.02% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 55.98 to suggest the stock is neutral.
The consensus objective for the share price is $37.17, suggesting that the stock has a potential upside of 21.66% over the period.
The current price level is 3.91%, 1.22%, and -10.07% away from its SMA20, SMA50, and SMA200 respectively, with the FOX price moving above the 50-day SMA on November 22. Fox Corporation (FOX) stock is up 0.45% over the week and 5.01% over the past month. Its price is -15.03% year-to-date and -19.27% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2018, with the company’s earnings per share (EPS) of $0.37 above consensus estimates by $0.08. Expected sales for next quarter are $8.37 billion, which analysts say will come at $31.43 billion for the current fiscal year and next year at $34.86 billion. In addition, estimates put the company’s current quarterly revenue at an average of $7.84 billion.
To reach the target analysts have set, the stock logically needs to grow 21.66 percent from here.
Outstanding shares total 240.22M with insiders holding 43.15% of the shares and institutional holders owning 56.01% of the company’s common stock. The price to earnings ratio (P/E ratio) amounts to 14.56 while the forward price to earnings ratio is 12.39. Price to book ratio is 1.38 and price to sales ratio is 1.16.
According to a U.S. Securities and Exchange Commission filing, Dodge & Cox Stock Fund has added its position in Fox Corporation (FOX) to 8,419,433 shares, mirroring a recent increase by 0.21%. Dodge & Cox Stock Fund added 18000.0 shares of Fox Corporation common stock bringing its total worth to about $229.01 million at the end of recent close, SEC documents show. Dodge & Cox Stock Fund isn’t the only investment manager who changed stakes and is followed by Vanguard Total Stock Market Index, which added 96152.0 shares to end up with 4,409,686 shares worth $119.94 million. American Century Mid Cap Value Fu raise their holdings by 2.12% in the company over the course of the most recent quarter. It now holds a 1.79% position in Fox Corporation thanks to 4.31 million shares amounting to $117.27 million.