The New York Times Company (NYT): What’s the Story?

The New York Times Company (NYT) is an interesting player in the Services space, with a focus on Publishing – Newspapers. The stock has been active on the tape, currently trading at $23.35, up from yesterday’s close by 1.74%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

The New York Times Company (NYT) currently trades with a market capitalization of $3.91 Billion. That value represents a market adjusting for revenues that have been growing by 3.80 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$21.25 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.13 on a per share basis this quarter. Perhaps, that suggests something about why 1.79% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, The New York Times Company recorded a 52-week high of $25.70. It is now trading 2.35% off that level. The stock is trading $23.24 its 50-day moving average by -0.11%. The stock carved out a 52-week low down at $16.67.

In recent action, The New York Times Company (NYT) has made a move of +2.41% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.61, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 11.88% with $129.91 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of NYT.

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