The New York Times Company (NYT): We’ve Only Just Begun

The stock of The New York Times Company (NYSE:NYT) has been Downgraded to Underweight from Equal Weight by Barclays in its latest research note that was published on November 06. NYT was given a price target of $18 by Barclays, with other Wall Street analysts also giving their reports regarding the stock. Singular Research, analysts launched coverage of NYT stock with a Sell rating, according to their flash note to investors on February 09. Analysts at Barclays are sticking to their Equal Weight recommendation. However, on November 13, they lifted target price for these shares to $15 from $14.Analysts at Barclays, made their first call for the stock with a Equal Weight rating, according to a research note that dated back to November 13.

The New York Times Company, which has current market capitalization of above $5 Billion, published its last quarter earnings on June 30, 2019.

NYT surged by $0.17 during the normal trading session on Thursday and reaching a high of $30.84 during the day while it closed the day at $29.98. The The stock had a high trading volume of 1.98 million shares on that day, which is high compared to the average daily volume of 1.90M shares. NYT has also lost 1.54% of its value over the past 7 days. However, the stock has declined by 9.01% in the 3 months of the year. Over the past six months meanwhile, it has lost 12.29% while it has added 34.50% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -17.3% from its 3 months high price. However, taking another look at NYT will indicate that it is trading +9.5% away from its 90-day low. Looking at the bigger picture, the The New York Times Company stock has dropped by -17.3% from its 52-week high while it has surged by +40.49% from its 52-week low price.

On May 16, 2019 Thompson Mark, PRESIDENT & CEO sold 45000 shares of the company. The average price for that transaction was $34.27 per share, which meant that Thompson Mark earned $1542150 selling the stocks. The sale was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with SVP, Treasurer & Controller, BENTEN R ANTHONY selling 9815 shares of this stock on May 16, 2019. The average selling price for the stock was $34.24 per share, with the sold stock accruing $336065.6. Following this transaction, the SVP, Treasurer & Controller BENTEN R ANTHONY now holds 39638 shares of the company, which is worth around $1215697.

The has around 256 Billion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $632 Billion. The The stock is bringing in revenue of over 12 months, which is roughly 417 Billion. Despite all that, The New York Times Company is seeing things progressing very much as their y-o-y quarterly revenue surged by 5.13%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 29.31%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 72.78%. Over the past 20 days, The’s Stochastic %K stood at 83.1% while its Stochastic %D was revealed to be 87.02%.