Looking In The Rear-View Mirror: News Corporation (NWSA), Valvoline Inc. (VVV) – The RNS Daily

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News Corporation (NASDAQ:NWSA) average daily volatility for this week is 1.36% which is less than the 1.76% recorded over the past month. Its shares dropped by -24.62% or -$4.1 from its last recorded high of $16.65 which it attained on October 05 to close at $12.55 per share. Over the past 52 weeks, the shares of News Corporation has been trading as low as $10.65 before witnessing a massive surge by 17.84% or $1.9. This price movement has led to the NWSA stock receiving more attention and has become one to watch out for. It jumped by 0.4% on Sunday and this got the market excited. The stock’s beta now stands at 1.48 and when compared to its 200-day moving average and its 50-day moving average, NWSA price stands -5.28% below and -1.37% below respectively.

News Corporation (NWSA) rose 0.88% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -20.32% and is now up by 10.57% since start of this year. A look at its monthly performance shows that the stock has recorded a -2.71% fall over the past 30 days. Its equity price climbed by 6.63% over the past three months which led to its overall six-month decrease to stand at -6.2%.

Experts from research firms are bullish about the near-term performance of News Corporation with most of them predicting a $14.33 price target on a short-term (12 months) basis. The average price target by the analysts will see a 14.18% rise in the stock and would lead to NWSA’s market cap to surge to $8.37B. The stock has been rated an average 3.1, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 8 analysts that track News Corporation (NASDAQ:NWSA) and find out that 3 of them rated it as a Hold. 2 of the 5 analysts rated it as a Buy or a Strong Buy while 3 advised investors to desist from buying the stock or sell it if they already possess it.

A look at NWSA technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 46.17 point. Its trading volume has lost -843857 shares compared to readings over the past three months as it recently exchanged 1856143 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2700000 shares, and this is 0.69 times the normal volume.

The price of Valvoline Inc. (NYSE:VVV) currently stands at $18.95 after it went up by $0.09 or 0.48% and has found a strong support at $18.82 a share. If the VVV price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $18.69 mark would also be bad for the stock as it means that the stock would plunge by 1.37% from its current position. However, if the stock price is able to trade above the resistance point around $19.12, then it could likely surge higher to try and break the upward resistance which stands at $19.3 a share. Its average daily volatility over the past one month stands at 2.2%. The stock has plunged by 0.47% from its 52-weeks high of $18.86 which it reached on Jun. 02, 2019. In general, it is 7.7% above its 52-weeks lowest point which stands at $17.49 and this setback was observed on Jun. 11, 2018.

Analysts have predicted a price target for Valvoline Inc. (VVV) for 1 year and it stands at an average $20.42/share. This means that it would likely increase by 7.76% from its current position. The current price of the stock has been moving between $18.86 and $19.1643. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $16. On the other hand, one analyst is super bullish about the price, setting a target as high as $26.

The VVV stock Stochastic Oscillator (%D) is at 81.93%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 1.55 which compares to the 2.31 recorded by the industry or the 2.88 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 12.87, which is lower than the 15.67 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of 0% over the past five years.

Analysts view Valvoline Inc. (NYSE:VVV) as a Hold, with 2.6 consensus rating. Reuters surveyed 12 analysts that follow VVV and found that 6 of those analysts rated the stock as a Hold. The remaining 6 were divided, with 4 analyst rating it as a Buy or a Strong Buy while 2 analysts advised investors to desist from buying Valvoline Inc. (VVV) shares or sell it if they already own it.

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