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FOX

COMMUNICATION SERVICES

Fox Corp Class B

AI Stock Analysis· Neutral
Jun 22 · 8:07 PM ET

Fox Corp Class B (FOX) is currently trading at $44.93, reflecting a significant decline of 4.30% today. The stock's technical indicators paint a bearish picture, with the Relative Strength Index (RSI) at 23.5, indicating that the stock is oversold. The stock is well below its short-term (SMA20: $56.21), medium-term (SMA50: $56.96), and long-term (SMA200: $57.33) simple moving averages, suggesting a persistent downtrend. The MACD at -2.64 further confirms this weakness, with both the signal line at -0.91 and the histogram at -1.73 indicating momentum is firmly on the downside.

From a fundamental perspective, Fox Corp is showing mixed signals. The company boasts impressive gross and operating margins at 3311.0% and 1981.0%, respectively, indicating strong profitability relative to revenue. However, the recent quarter has seen a stark EPS growth decline of 49.3% quarter-over-quarter and an 8.6% decrease in revenue, which contrasts sharply with the remarkable year-over-year revenue growth of 1659.5%. The current P/E ratio of 12.4 and forward P/E of 8.3 suggest that the stock is undervalued compared to its growth trajectory. Nevertheless, there are no strong buy or sell recommendations from analysts, and the target price of $51.50 implies a potential upside of approximately 14.4% from the current price.

Looking ahead, Fox Corp does not have earnings scheduled within the next 30 days, which may limit immediate catalysts for price movement. However, the recent news surrounding the Roku takeover announcement for $22 billion in cash and stock could provide an interesting backdrop for strategic shifts within the company. Investors should keep an eye on the implications of Fox Weather's role in the streaming landscape, as this could potentially influence future revenue streams and overall company performance. As the market digests these developments, the focus will likely remain on how Fox navigates its current challenges and leverages its assets for growth.

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52-Week Range

$44.21$67.81

$44.48

Fundamentals

Market Cap$18.9B
P/E Ratio11.8
EPS$3.80
Dividend Yield1.19%
Dividend / Share$0.56
ROE15.2%
Profit Margin10.6%
Debt / Equity

Trading

Volume338K
Avg Volume (10D)
Shares Outstanding220.4M

FOX News

77 articles

Price Data

Open$45.51
Previous Close$44.93
Day High$45.51
Day Low$44.30
52 Week High$67.81
52 Week Low$44.21

About Fox Corp Class B

Fox Corporation is an American mass media company headquartered in New York City.

10.4K employees
Listed February 27, 2019

Company Details

Security TypeCommon Stock
ExchangeNASDAQ
CurrencyUSD
Round Lot
SICENTERTAINMENT
CIK
Composite FIGI
Share Class FIGI