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The price of Live Nation Entertainment Inc (NYSE: LYV) closed at $91.82 in the last session, down -0.42% from day before closing price of $92.21. In other words, the price has decreased by -$0.42 from its previous closing price. On the day, 4.48 million shares were traded. LYV stock price reached its highest trading level at $94.53 during the session, while it also had its lowest trading level at $91.55.
Ratios:
We take a closer look at LYV’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.40 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.73. For the most recent quarter (mrq), Quick Ratio is recorded 0.96 and its Current Ratio is at 0.96.
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 the company, ROTH MKM on January 12, 2024, Upgraded its rating to Buy and sets its target price to $114 from $92 previously.
On December 14, 2023, Morgan Stanley Upgraded its rating to Overweight which previously was Equal-Weight and also upped its target price recommendation from $100 to $110.
Evercore ISI Upgraded its In-line to Outperform on October 26, 2023, while the target price for the stock was maintained at $100.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 08 ’24 when HINSON JEFFREY T. sold 1,001 shares for $100.50 per share. The transaction valued at 100,600 led to the insider holds 59,374 shares of the business.
Fu Ping sold 1,500 shares of LYV for $140,505 on Feb 27 ’24. The Director now owns 14,714 shares after completing the transaction at $93.67 per share. On Dec 15 ’23, another insider, Berchtold Joe, who serves as the President & CFO of the company, sold 119,100 shares for $92.91 each. As a result, the insider received 11,065,778 and left with 442,107 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 21191872512 and an Enterprise Value of 24769542144. As of this moment, Live’s Price-to-Earnings (P/E) ratio for their current fiscal year is 69.92, and their Forward P/E ratio for the next fiscal year is 40.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.93. Its current Enterprise Value per Revenue stands at 1.089 whereas that against EBITDA is 15.389.
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 $64.96. The 50-Day Moving Average of the stock is -6.72%, while the 200-Day Moving Average is calculated to be 2.07%.
Shares Statistics:
According to the various share statistics, LYV traded on average about 2.34M shares per day over the past 3-months and 2600840 shares per day over the past 10 days. A total of 233.30M shares are outstanding, with a floating share count of 143.80M. Insiders hold about 37.70% of the company’s shares, while institutions hold 69.70% stake in the company. Shares short for LYV as of 1711584000 were 13770631 with a Short Ratio of 5.88, compared to 1709164800 on 12585818. Therefore, it implies a Short% of Shares Outstanding of 13770631 and a Short% of Float of 8.799999999999999.
Earnings Estimates
The stock of Live Nation Entertainment Inc (LYV) is currently drawing attention from Southwest Airlines Company analysts actively involved in the ongoing evaluation and rating process.The consensus estimate for the next quarter is $91.82, with high estimates of $99.70 and low estimates of $1.04.
Analysts are recommending an EPS of between $Basic Materials and $Industrials for the fiscal current year, implying an average EPS of $Communication Services.
