Fox Corporation stock trades under the ticker FOXA & has shown recent bullishness that traders & investors should take a closer look into.
FOXA stock opened down 2.33% to $40.26/share when I wrote this on 3/28/2022.
Fox Corporation FOXA Stock’s Technicals Broken Down
FOXA Stock Price: $40.26
10 Day Moving Average: $40.65
50 Day Moving Average: $40.80
200 Day Moving Average: $38.55
RSI: 46.3
MACD: -0.053
On Friday, FOXA stock completed a bullish MACD crossover, while breaking out above its 50 day moving average.
FOXA stock has traded on above average volume in 2022 compared to the calendar year prior.
With an RSI that is still slightly oversold & <4% between their 10 & 50 day moving averages, there looks to be more upward momentum in the near-term.
FOXA will need to retest & break through the $41.22, $41.67 & $41.73 price levels.
Fox Corporation FOXA Stock As A Long-Term Investment
Long-term oriented investors may like FOXA stock’s valuation metrics, with a P/E (ttm) of 16.42 & a P/B (mrq) of 2.02.
They recently reported Quarterly Revenue Growth Y-o-Y of 8.7%.
FOXA stock’s balance sheet may require a closer look, as their Total Cash (mrq) is $4.26B & their Total Debt (mrq) is $8.46B.
Moody’s rating for FOXA stock’s debt is Baa2, which is considered lower medium grade.
FOXA stock pays a 1.14% dividend yield, which appears very stable as their payout ratio is 19%.
95% of FOXA stock’s share float is owned by institutional investors.
Fox Corporation FOXA Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to profit from FOXA stock’s price movements, while also hedging against broader market volatility.
I am looking at the contracts with the 4/14 expiration date.
The $39, $40 & $41 call options all look appealing, although relatively illiquid with low levels of open interest.
The $42 & $43 puts are very illiquid, but could be useful for downside protection.
Tying It All Together
All-in-all, FOXA stock looks worth taking a closer look into for both long & short-term focused market participants.
Long-term focused investors will like their valuation metrics & dividend yield, but may want to take a closer look into their balance sheet.
Short-term oriented traders will like their current momentum, but be disappointed by the lack of liquidity of their options contracts.
FOXA stock is worth doing more research on, regardless of your trading style.
*** I DO NOT OWN SHARES OF FOXA STOCK ***