Twenty-First Century Fox, Inc. (FOXA) Technical Review And Outlook

On the technicals front, Twenty-First Century Fox, Inc. (NASDAQ:FOXA) overall has 72% Buy rating. The stock is also flashing a Buy from the Barchart TrendSpotter trading system. Traders hoping to speculate on the FOXA’s short-term trajectory should know that short terms indicators for the stock averaged 80% Buy with an average daily trading volume over the past 20 days at 13019320 shares. FOXA stock has overall a 0.25% Buy signal considering medium term indicators and the 50-day average daily volume remained almost 10903748 shares. It’s also worth noting that the stock, whose average daily volume over the 100 days prior to this writing was 10712827 shares, is 100% Buy on the basis of long term indicators.

The share price is currently staying around the first support level of $49.13. Below this, the next support is placed in the zone of $48.76. Till the time, the FOXA stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 66.95 on daily chart, which may remain a cause for concern. If the price breaks below $48.76 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $49.69 mark may result into a pull-back move towards $49.87 level.

Twenty-First Century Fox, Inc. (FOXA) is projected to climb by 1.64 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $54-month high price target. This represents a whopping 9.09 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $50, which represents a return potential of 1.01 percent when compared to the closing price of the stock of $49.5 on Thursday, December 06. The lowest price target for the stock is $45 — slightly more than -9.09 percent from FOXA’s current share price.

Here’s a rundown of insider trading activity for sense of Twenty-First Century Fox, Inc. (NASDAQ:FOXA). The earliest insider trade took place on 08/16/2018. Murdoch Lachlan K parted with a total of 137.8 thousand shares of company at average share price of $45.48. The total for the sales was set at $6.27 million. After this transaction, the Executive Chairman account balance stood at 138.26 thousand shares. The stock grew 8.84 percent since that insider sale. On 08/16/2018, Murdoch Lachlan K, Executive Chairman, purchased 137.8 thousand shares at a price per share of $45.48. This added 6.27 million shares to the insider’s fortune and the stock saw a 8.84 percent rally in value since the news became public. This transaction left 138.26 thousand shares in the Executive Chairman account. On 12/18/2017, Sr. EVP, Group General Counsel Zweifach Gerson performed a sale transaction worth $3.86 million. This sale at $34.9 each has eliminated 110.73 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded 41.83 percent increase since the transaction was reported. The insider now is left with 36.01 thousand shares remaining in the account. Devoe David F, who performs the Director job, sold 30.15 thousand shares for $844.47 thousand. The disposal occurred on 08/15/2017 was priced at $28.01 per share. The share price soared 76.72 percent since the reporting date. Devoe David F now left with a stake of 4.08 thousand FOXA stock worth $201.96 thousand after the insider selling.

FOXA shares accumulated 0.38 points or 0.77 percent on Thursday to $49.5 with a heavy trade volume of 14.145 million shares. After opening the session at $49.02, the shares went as high as $49.5 and as low as $48.945, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $91.8 billion and now has 1.85 billion shares outstanding. Twenty-First Century Fox, Inc. (FOXA) stock has gained 5.61 percent of market value in 21 trading days.

Analysts at Evercore ISI, assumed coverage of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) with Outperform recommendation, according to their opinion released on November 05.

FOXA stock has a trailing 3-year beta of 1.25, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $1.95 a share in the trailing twelve months. The stock’s value has surged 43.35 percent year to date (YTD) against a rise of 50.05 percent in 12 month’s time. The company’s shares still trade -1.29 percent away from its 1-year high of $50.15 and 53.01 percent up from 52-week low of $32.35. The average consensus rating on the company is 2.3, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.

Shares of Twenty-First Century Fox, Inc. (FOXA) are trading at a P/E ratio of 16.72 times earnings reported for the past 12 months. The industry FOXA operates in has an average P/E of 101.04. Its P/E ratio went as low as 8.28X and as high as 21.07 over the 5-year span. Further, it is sporting a 3 on the Price-to-Sales ratio. Compare this with the industry average P/S of 8.24. 35.2 percent is the gross profit margin for Twenty-First Century Fox, Inc. and operating margin sits at 15 percent. Along with this, the net profit margin is 16 percent.

FOXA will be declaring its Q2 financial results on February 06. Analysts are forecasting revenue to climb 6 percent to $8.52B in the next fiscal quarter, while earnings are seen soaring by nearly -21.43 percent to $0.33 per share. History has shown that shares in Twenty-First Century Fox, Inc. have gone up on 11 different earnings reaction days and are predicted to add 0.03 percent when the company reports upcoming earnings. In last reported earnings results, it earned $0.52 per share, in line with the $0.52, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $7.18B, worse than the $7.22B analysts expected. Earnings are estimated to increase by 6 percent this year, 12.91 percent next year and continue to increase by 7.56 percent annually for the next 5 years.