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- 1 NWSA stock price increased by 1.34% over the past seven days.
- 2 News Corporation ( NASDAQ: NWSA) stock’s 52-week price range is $15 – $21.
News Corporation has been increasing its earnings by 58.5% yearly on average, while the Media industry grew by 7.6% annually, according to the financial website Simply Wall St. The company’s revenues have also been rising by 1.8% per year on average. News has a net margin of 2.6% and a return on equity of 3.9%.
Simply Wall St. stats shows that News Corporation has a debt-to-equity ratio of 32.7%, which is calculated from its total shareholder equity of $9.0 Billion and total debt of $2.9 Billion. The company’s total assets and total liabilities are $17.0 Billion and $8.1 Billion, respectively. News’s EBIT is $691.0 Million making its interest coverage ratio 6.7. It has cash and short-term investments of $1.7 Billion.
The market capitalization of NWSA stock is $11.376 Billion and the total revenue is $10.385 Billion. Moreover, the stock’s basic EPS is $0.46 and the price-to-earnings ratio is 42.94. Moreover, the average volume is 2.077 Million and the current volume is 2.696 Million, the current volume is above average volume.
Moreover, the NWSA stock has done well in the last three months, increasing by 16.42% and it has plummeted by 7.07% in the last six months. However, News Corporation (NASDAQ: NWSA) stock has a positive year-to-date return of 7.29% and a positive 1-year return of 15.53%.
Technical Analysis of NWSA Stock Stock Price in 1-D Timeframe
The price action shows that News Corporation’s ( NASDAQ: NWSA) stock price has been on a rising trend for the last month, increasing by 1.49%. At the time of writing, NWSA Stock is trading at $19.71 and has been making higher highs and higher lows and closely following trendline support.
Therefore, if it maintains the current level, the NWSA price could continue to move upward and reach the first and second targets of $20.71 and $21.58. However, if the NWSA price fails to sustain the current level and drops, then it might hit the nearest support levels of $18.96 and $18.10.
At the time of publishing, News Corporation. (NASDAQ: NWSA) is trading above the 20, 50, 100, and 200-day EMAs (exponential moving averages), which are supporting the price trend. Hence, NWSA price is expected to move upwards giving bullish views over the daily time frame chart.
The current value of RSI is 52.89 points. The 14 SMA is above the median line at 53.27 points which indicates that News Corporation stock is bullish as the RSI is in bullish territory.
The MACD line at 0.0696 and signal line at 0.1170 are above the zero line and both lines are closing in on each other. A bullish crossover is anticipated next in the MACD oscillator which might signal more bullishness for the NWSA stock price.
Summary
News Corporation (NASDAQ: NWSA) indicates that the investors and traders of the stock price are bullish on the 1-D time frame. The price action reflects a bullish outlook at the time of publishing. The technical oscillators of the NWSA stock price also support the bullish trend. The MACD, RSI, and EMA are highlighting positive signals and imply that the uptrend may continue in NWSA stock price.
Technical Levels
- The nearest support levels for News Corporation stock price are $18.96 and $18.10.
- The nearest resistance levels for News Corporation stock price are $20.71 and $21.58.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
