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As of close of business last night, Sinclair Inc’s stock clocked out at $13.80, up 6.15% from its previous closing price of $13.00. In other words, the price has increased by $6.15 from its previous closing price. On the day, 0.53 million shares were traded. SBGI stock price reached its highest trading level at $13.91 during the session, while it also had its lowest trading level at $13.005.
Ratios:
To gain a deeper understanding of SBGI’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.78 and its Current Ratio is at 1.78. In the meantime, Its Debt-to-Equity ratio is 12.67 whereas as Long-Term Debt/Eq ratio is at 12.50.
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, JP Morgan on December 08, 2022, Downgraded its rating to Underweight and sets its target price to $16 from $25 previously.
On November 03, 2022, Wells Fargo Downgraded its rating to Underweight which previously was Overweight and also lowered its target price recommendation from $30 to $16.
Wells Fargo Upgraded its Equal Weight to Overweight on May 05, 2022, whereas the target price for the stock was revised from $30 to $33.
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 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. On Dec 28 ’23, another insider, Gibber David B, who serves as the SVP & General Counsel of the company, sold 20,607 shares for $13.33 each. As a result, the insider received 274,743 and left with 1,949 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, SBGI now has a Market Capitalization of 915799744 and an Enterprise Value of 4780800000. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.28 while its Price-to-Book (P/B) ratio in mrq is 2.69. Its current Enterprise Value per Revenue stands at 1.485 whereas that against EBITDA is 217.309.
Stock Price History:
Over the past 52 weeks, SBGI has reached a high of $17.58, while it has fallen to a 52-week low of $9.39. The 50-Day Moving Average of the stock is -0.46%, while the 200-Day Moving Average is calculated to be 1.79%.
Shares Statistics:
It appears that SBGI traded 388.04K shares on average per day over the past three months and 384990 shares per day over the past ten days. A total of 39.74M shares are outstanding, with a floating share count of 37.97M. Insiders hold about 42.78% of the company’s shares, while institutions hold 40.57% stake in the company. Shares short for SBGI as of 1724976000 were 3649148 with a Short Ratio of 9.40, compared to 1722384000 on 3206743. Therefore, it implies a Short% of Shares Outstanding of 3649148 and a Short% of Float of 14.220000999999998.
Dividends & Splits
With its trailing 12-month dividend rate of 1.0, SBGI has a forward annual dividend rate of 1.00. Against a Trailing Annual Dividend Yield of 0.07692308The stock’s 5-year Average Dividend Yield is 4.66.
