Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of Sinclair Inc (NASDAQ: SBGI) was $13.87 for the day, down -4.01% from the previous closing price of $14.45. In other words, the price has decreased by -$4.01 from its previous closing price. On the day, 0.51 million shares were traded.
Ratios:
Our analysis of SBGI’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.91 and its Current Ratio is at 1.91. In the meantime, Its Debt-to-Equity ratio is 10.33 whereas as Long-Term Debt/Eq ratio is at 10.19.
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, Wells Fargo on November 07, 2024, Upgraded its rating to Equal Weight and sets its target price to $19 from $13 previously.
On December 08, 2022, JP Morgan Downgraded its rating to Underweight which previously was Neutral and also lowered its target price recommendation from $25 to $16.
Wells Fargo Downgraded its Overweight to Underweight on November 03, 2022, whereas the target price for the stock was revised from $30 to $16.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 11 ’24 when BOCHENEK DAVID R sold 20,803 shares for $13.44 per share. The transaction valued at 279,592 led to the insider holds 0 shares of the business.
KEITH DANIEL C sold 30,086 shares of SBGI for $408,442 on Mar 05 ’24. The Director now owns 30,000 shares after completing the transaction at $13.58 per share.
Valuation Measures:
As of this moment, Sinclair’s Price-to-Earnings (P/E) ratio for their current fiscal year is 2.99, and their Forward P/E ratio for the next fiscal year is 8.08. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.26 while its Price-to-Book (P/B) ratio in mrq is 2.22.
Stock Price History:
Over the past 52 weeks, SBGI has reached a high of $18.45, while it has fallen to a 52-week low of $11.13. The 50-Day Moving Average of the stock is -9.71%, while the 200-Day Moving Average is calculated to be -7.01%.
Shares Statistics:
A total of 42.60M shares are outstanding, with a floating share count of 38.33M. Insiders hold about 42.32% of the company’s shares, while institutions hold 40.60% stake in the company.
Earnings Estimates
The consensus estimate for the next quarter is -$0.2, with high estimates of -$0.2 and low estimates of -$0.2.
Analysts are recommending an EPS of between $1.14 and $1.14 for the fiscal current year, implying an average EPS of $1.14. EPS for the following year is $3.5, with 3.0 analysts recommending between $4.42 and $1.76.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 3 analysts. It ranges from a high estimate of $779.6M to a low estimate of $771.36M. As of the current estimate, Sinclair Inc’s year-ago sales were $798MFor the next quarter, 3 analysts are estimating revenue of $790.44M. There is a high estimate of $808.92M for the next quarter, whereas the lowest estimate is $776.4M.
A total of 4 analysts have provided revenue estimates for SBGI’s current fiscal year. The highest revenue estimate was $3.2B, while the lowest revenue estimate was $3.13B, resulting in an average revenue estimate of $3.16B. In the same quarter a year ago, actual revenue was $3.55BBased on 6 analysts’ estimates, the company’s revenue will be $3.3B in the next fiscal year. The high estimate is $3.68B and the low estimate is $2.25B.
