Taking a Fresh Look at Twenty-First Century Fox, Inc. (FOXA)

Twenty-First Century Fox, Inc. (FOXA) is an interesting player in the Services space, with a focus on Entertainment – Diversified. The stock has been active on the tape, currently trading at $28.55, down from yesterday’s close by -1.01%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Money managers are always interested in a company that can find the right recipe of fundamental data because it reflects something important going on underneath the surface. Twenty-First Century Fox, Inc. (FOXA) currently trades with a market capitalization of $52.18 Billion. That value represents a market adjusting for revenues that have been growing by 7.62 % on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For FOXA, the company currently has $6.9 Billion of cash on the books, which is offset by $707 Million current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $3.15 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.5 on a per share basis this quarter. Perhaps, that suggests something about why 55.29% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how FOXA has been acting. Looking at the stock’s movement on the chart, Twenty-First Century Fox, Inc. recorded a 52-week high of $32.60. It is now trading 4.05% off that level. The stock is trading $26.74 its 50-day moving average by -1.81%. The stock carved out a 52-week low down at $24.81.

In recent action, Twenty-First Century Fox, Inc. (FOXA) has made a move of +6.97% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 19.32, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 2.39% with $1.53 Billion sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of FOXA.

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