Fox Corp Cl A's shares ended a five-day winning streak on Monday, falling by 1.63% to $31.30, even as the S&P 500 and Dow Jones recorded overall gains. The stock's decline left it $5.96 below its annual peak, which was reached on February 17th.
In contrast to Fox Corp's performance, competitor stocks Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), and Netflix (NASDAQ:NFLX) all saw increases on Monday. Apple's shares rose by 1.46%, Amazon's by 0.82%, and Netflix's by 0.55%.
Trading volume for Fox Corp stood at 2.6 million shares, which was lower than its 50-day average by 794,310 shares.
InvestingPro Insights
Based on InvestingPro's real-time data, Fox Corp Cl A's market capitalization stands at 14.54 billion USD, with a P/E ratio of 14.29, indicating a healthy valuation. The company's revenue for the last twelve months as of Q1 2024 is 14.93 billion USD, with a growth rate of 5.71%. The company's gross profit margin during the same period is 33.72%.
InvestingPro Tips suggest that Fox Corp Cl A exhibits high earnings quality, with free cash flow exceeding net income. Management has been actively buying back shares, demonstrating confidence in the company's future. Furthermore, Fox Corp Cl A has a high shareholder yield and has consistently raised its dividend for the past three years. This points to a robust financial health and a commitment to return capital to shareholders.
For those seeking more detailed insights, InvestingPro offers additional tips and metrics for a comprehensive understanding of the company's performance and potential. This includes information such as the company's debt level, liquidity position, and analyst predictions.
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