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As of close of business last night, Live Nation Entertainment Inc’s stock clocked out at $95.34, down -2.39% from its previous closing price of $97.67. In other words, the price has decreased by -$2.39 from its previous closing price. On the day, 1.59 million shares were traded. LYV stock price reached its highest trading level at $98.26 during the session, while it also had its lowest trading level at $94.841.
Ratios:
To gain a deeper understanding of LYV’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 39.56. For the most recent quarter (mrq), Quick Ratio is recorded 0.92 and its Current Ratio is at 0.92.
On May 09, 2024, Redburn Atlantic Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $114 to $115.
On April 30, 2024, Deutsche Bank started tracking the stock assigning a Buy rating and target price of $120.Deutsche Bank initiated its Buy rating on April 30, 2024, with a $120 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Aug 20 ’24 when Fu Ping sold 1,701 shares for $96.56 per share. The transaction valued at 164,249 led to the insider holds 15,128 shares of the business.
Fu Ping bought 1,701 shares of LYV for $164,253 on Aug 20 ’24. On Aug 19 ’24, another insider, Capo Brian, who serves as the Chief Accounting Officer of the company, sold 5,000 shares for $96.61 each. As a result, the insider received 483,050 and left with 12,327 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 22670516224 and an Enterprise Value of 25192525824. As of this moment, Live’s Price-to-Earnings (P/E) ratio for their current fiscal year is 91.15, and their Forward P/E ratio for the next fiscal year is 38.69. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.92. Its current Enterprise Value per Revenue stands at 1.058 whereas that against EBITDA is 13.892.
Stock Price History:
Over the past 52 weeks, LYV has reached a high of $107.24, while it has fallen to a 52-week low of $76.48. The 50-Day Moving Average of the stock is 1.13%, while the 200-Day Moving Average is calculated to be 1.84%.
Shares Statistics:
It appears that LYV traded 1.85M shares on average per day over the past three months and 1171810 shares per day over the past ten days. A total of 233.30M shares are outstanding, with a floating share count of 153.86M. Insiders hold about 33.20% of the company’s shares, while institutions hold 75.91% stake in the company. Shares short for LYV as of 1723680000 were 12704942 with a Short Ratio of 6.85, compared to 1721001600 on 13704883. Therefore, it implies a Short% of Shares Outstanding of 12704942 and a Short% of Float of 8.04.
