Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
After finishing at $136.73 in the prior trading day, Live Nation Entertainment Inc (NYSE: LYV) closed at $134.67, down -1.51%. In other words, the price has decreased by -$1.51 from its previous closing price. On the day, 3.13 million shares were traded. LYV stock price reached its highest trading level at $136.73 during the session, while it also had its lowest trading level at $133.74.
Ratios:
Our goal is to gain a better understanding of LYV by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.65 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 46.84. For the most recent quarter (mrq), Quick Ratio is recorded 1.01 and its Current Ratio is at 1.01. In the meantime, Its Debt-to-Equity ratio is 28.44 whereas as Long-Term Debt/Eq ratio is at 25.83.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BofA Securities on September 04, 2024, initiated with a Buy rating and assigned the stock a target price of $125.
Redburn Atlantic Upgraded its Neutral to Buy on May 09, 2024, whereas the target price for the stock was revised from $114 to $115.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 12 ’24 when Berchtold Joe sold 29,310 shares for $97.50 per share. The transaction valued at 2,857,676 led to the insider holds 566,722 shares of the business.
Rapino Michael sold 98,849 shares of LYV for $9,637,778 on Sep 12 ’24. The President & CEO now owns 3,702,115 shares after completing the transaction at $97.50 per share. On Sep 11 ’24, another insider, Rowles Michael, who serves as the EVP & General Counsel of the company, sold 35,000 shares for $97.64 each. As a result, the insider received 3,417,400 and left with 167,447 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LYV now has a Market Capitalization of 31529883648 and an Enterprise Value of 35419394048. As of this moment, Live’s Price-to-Earnings (P/E) ratio for their current fiscal year is 144.20, and their Forward P/E ratio for the next fiscal year is 52.56. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.33 while its Price-to-Book (P/B) ratio in mrq is 107.84. Its current Enterprise Value per Revenue stands at 1.519 whereas that against EBITDA is 23.079.
Stock Price History:
Over the past 52 weeks, LYV has reached a high of $141.18, while it has fallen to a 52-week low of $81.38. The 50-Day Moving Average of the stock is 10.26%, while the 200-Day Moving Average is calculated to be 31.09%.
Shares Statistics:
The stock has traded on average 2.44M shares per day over the past 3-months and 2685590 shares per day over the last 10 days, according to various share statistics. A total of 230.59M shares are outstanding, with a floating share count of 154.26M. Insiders hold about 33.11% of the company’s shares, while institutions hold 75.22% stake in the company. Shares short for LYV as of 1731628800 were 14938432 with a Short Ratio of 6.12, compared to 1728950400 on 13630791. Therefore, it implies a Short% of Shares Outstanding of 14938432 and a Short% of Float of 9.54.
