NYT Stock Summary and Trading Ideas (New York Times Company | NYSE:NYT)

New York Times Co is an American media company known for publishing its flagship newspaper, The New York Times. The company also operates the International New York Times newspaper, as well as digital properties such as NYTimes and various smartphone applications. The company has two segments New York Times Group and The Athletic. The company generates the majority of its revenue from the NYTG segment. The NYTG and The Athletic segments derive revenue from subscriptions, Advertising, and others, where the major source of revenue for both segments is subscription.

New York Times Company trades on the NYSE stock market under the symbol NYT.

As of April 26, 2024, NYT stock price declined to $43.17 with 718,209 million shares trading.

NYT has a beta of 0.71, meaning it tends to be less sensitive to market movements. NYT has a correlation of 0.12 to the broad based SPY ETF.

NYT has a market cap of $7.10 billion. This is considered a Mid Cap stock.

Last quarter New York Times Company reported $676 million in Revenue and $.70 earnings per share. This fell short of revenue expectation by $-3 million and exceeded earnings estimates by $.12.

In the last 3 years, NYT stock traded as high as $56.19 and as low as $27.59.

The top ETF exchange traded funds that NYT belongs to (by Net Assets): IJH, VTI, VB, VBR, VXF.

NYT has underperformed the market in the last year with a return of +12.2%, while the SPY ETF gained +27.4%. In the last 3 month period, NYT fell short of the market, returning -12.0%, while SPY returned +4.6%. However, in the most recent 2 weeks NYT has outperformed the stock market by returning +1.8%, while SPY returned -0.5%.

NYT support price is $42.67 and resistance is $43.83 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NYT stock will trade within this expected range on the day.