The New York Times Company's shares had a record jump on news of solid growth in subscribers. The newspaper/media giant's stock price climbed by as much as +6.7% to $28.18 on Thursday, the biggest intra-day gain since Feb. 8.
It added 203,000 online subscribers in Q3 2018 - the biggest net gain in a quarter since the Q4 2016 and Q1 of 2017 after the presidential election. As of the latest quarter, the Times has 3 million-plus total digital subscriptions. What's more, the company experienced a +7% increase in advertising gains, on the back of a sharp +17% climb in digital advertising.
Total revenue rose +8% in Q3 compared with the same quarter last year. Profit was 15 cents per share – beating analysts’ estimates of 11 cents.
The 10-day moving average for NYT crossed bearishly below the 50-day moving average on May 15, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on May 09, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on NYT as a result. In of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for NYT turned negative on April 25, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .
NYT moved below its 50-day moving average on May 10, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where NYT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for NYT entered a downward trend on May 22, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where NYT's RSI Indicator exited the oversold zone, of 27 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 12 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NYT advanced for three days, in of 338 cases, the price rose further within the following month. The odds of a continued upward trend are .
NYT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.724) is normal, around the industry mean (2.216). P/E Ratio (31.250) is within average values for comparable stocks, (23.791). NYT's Projected Growth (PEG Ratio) (3.795) is slightly higher than the industry average of (1.720). Dividend Yield (0.011) settles around the average of (0.039) among similar stocks. P/S Ratio (2.543) is also within normal values, averaging (15.570).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. NYT’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a global, multimedia news and information company, which engages in publishing newspapers, digital businesses, investments in paper mills and other investments
A.I.dvisor indicates that over the last year, NYT has been loosely correlated with GCI. These tickers have moved in lockstep 40% of the time. This A.I.-generated data suggests there is some statistical probability that if NYT jumps, then GCI could also see price increases.
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