The New York Times Company (NYSE:NYT) currently has a daily average trading volume of 997.67K but it saw 1065044 shares traded on Thursday. With a market cap of 5.98B USD, stock’s current market price of $35.84 came rising about 0.20 while comparing to the previous closing price of $35.77. In past 52 weeks, the stock remained buoying in the range of price level as high as $42.40 and as low as $27.58. In the recent trading on the day, stock has struck highest price mark of $36.23 while lowest mark touched by it was $35.705.
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Taking a look at 20-day trading activity of The New York Times Company (NYT) gives us an average price of $37.62, while its current price level is -15.47% below from 52-week high level whereas it is 29.93% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $38.29 while that of 200 days or SMA-200 reads an average of $34.69. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.77% during that period while stretching the period over a month that increases to 2.29%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 36.21 which implies that the stock is in neutral territory.
The New York Times Company (NYT)’s stock is currently under the radar of 9 analysts who are in consensus at a 12-month price target range of between $33.00 and $45.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $33.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $45.00. Average price target assigned by them is $39.71 which highlights an upside potential of 9.75% for the stock over that period. And to attain the median price target of $40.00 assigned by those analysts, stock has to add about 10.4% of value to its current levels.
Data by FactSet Research shows that 9 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 3 analysts suggested the investors to Buy the stock while 6 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, NYT’s stock price is moving -1.75% down while it is -7.87% when we observe its performance for the past one month. Year-to-date it is 10.41% up and over the past year, the stock is showing an upside performance of 10.11%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.19 beat the consensus estimate of $0.17 for the same. The company is expected to be releasing its next quarterly report in 08/02/2023, for which analysts forecasted an EPS of $0.21 while estimate for next year EPS is $1.23. For NYT, analysts are forecasting an EPS-growth rate of -6.80% for current year and estimate for EPS growth in next year is 15.40%. In next quarter, company is expected to be making quarterly sales of $580.9 million as analysts are expecting the sales for current fiscal year at $2.41 billion and seeing the company making $2.56 billion in sales next year. Moreover, analysts are in estimates of $580.93 million for current-quarter revenue.
Currently, The New York Times Company’s total number of outstanding shares is 164.97M with 1.74% of that held by the insiders while 94.06% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 8.80% and return on equity (ROE) at 12.30%. It has a price to earnings ratio (P/E ratio) of 31.19 while having a 25.31 of forward P/E ratio. Stock’s beta reads 0.99. Stock has a price to book (P/B) ratio of 3.75 while price to sale or P/S ratio amounts to 2.56. Its return on asset (ROA) is 7.60% on average.
A filing at the U.S. Securities and Exchange Commission revealed that iShares Core S&P Mid Cap ETF came shrinking its share ownership by 0.36% in the The New York Times Company (NYT) increasing its stake to 3.11% with control over 18354.0 shares in the company. As per SEC documents, iShares Core S&P Mid Cap ETF sought 5,137,534 of company’s common stock of worth $204.22 million as per recent closing price of the stock. iShares Core S&P Mid Cap ETF is not the only institutional holder which restructured its stake in The New York Times Company, as Vanguard Total Stock Market ETF picked 4,879,232 shares of worth $193.95 million to bring its holdings to a total of 39877.0 shares. In the most recent quarter, Vanguard Small Cap Index Fund came cutting its stake by -0.02% in the company and now holds 4.09 million or 2.47% of the company’s stake having worth of about 162.68 million.
