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After finishing at $17.41 in the prior trading day, Sinclair Inc (NASDAQ: SBGI) closed at $16.93, down -2.76%. In other words, the price has decreased by -$2.76 from its previous closing price. On the day, 0.83 million shares were traded. SBGI stock price reached its highest trading level at $18.2 during the session, while it also had its lowest trading level at $16.18.
Ratios:
Our goal is to gain a better understanding of SBGI by taking a closer look at 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 12.15 whereas as Long-Term Debt/Eq ratio is at 12.15.
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 Nov-08-24, 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:
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 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 1123513728 and an Enterprise Value of 5020367872. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.33 while its Price-to-Book (P/B) ratio in mrq is 3.30. Its current Enterprise Value per Revenue stands at 1.559 whereas that against EBITDA is 228.199.
Stock Price History:
Over the past 52 weeks, SBGI has reached a high of $17.98, while it has fallen to a 52-week low of $11.13. The 50-Day Moving Average of the stock is 8.78%, while the 200-Day Moving Average is calculated to be 20.50%.
Shares Statistics:
The stock has traded on average 379.60K shares per day over the past 3-months and 267960 shares per day over the last 10 days, according to various share statistics. A total of 39.74M shares are outstanding, with a floating share count of 38.23M. Insiders hold about 42.39% of the company’s shares, while institutions hold 40.35% stake in the company. Shares short for SBGI as of 1728950400 were 3459114 with a Short Ratio of 9.11, compared to 1726185600 on 3459863. Therefore, it implies a Short% of Shares Outstanding of 3459114 and a Short% of Float of 13.48.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 4.8.
