Live Nation Entertainment Inc (LYV) concluded trading on Thursday at a closing price of $93.83, with 3.75 million shares of worth about $351.75 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.61% during that period and on Thursday the price saw a gain of about 4.96%. Currently the company’s common shares owned by public are about 231.26M shares, out of which, 143.52M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 27 times over the past 12 months. They bought 144,049 shares in 14 of the transactions. In 13 selling transactions, insiders dumped 143,342 shares.
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However, the stock later moved at a day high price of 94.11, or with a gain of 4.96%. Stock saw a price change of 6.62% in past 5 days and over the past one month there was a price change of 3.90%. Year-to-date (YTD), LYV shares are showing a performance of 0.25% which increased to 20.17% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $64.25 but also hit the highest price of $101.74 during that period. The average intraday trading volume for Live Nation Entertainment Inc shares is 2.05 million. The stock is currently trading 5.32% above its 20-day simple moving average (SMA20), while that difference is up 4.75% for SMA50 and it goes to 8.92% higher than SMA200.
Live Nation Entertainment Inc (NYSE: LYV) currently have 231.26M outstanding shares and institutions hold larger chunk of about 69.69% of that.
The stock has a current market capitalization of $21.61B and its 3Y-monthly beta is at 1.29. PE ratio of stock for trailing 12 months is 64.80, while it has posted earnings per share of $1.45 in the same period. It has Quick Ratio of 1.14 while making debt-to-equity ratio of 37.97. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LYV, volatility over the week remained 2.75% while standing at 2.14% over the month.
Analysts are in expectations that Live Nation Entertainment Inc (LYV) stock would likely to be making an EPS of $The Lion Electric Company in the current quarter, while forecast for next quarter EPS is $1.78 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Live Nation Entertainment, Inc. which is $LyondellBasell Industries NV at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Lloyds Banking Group Plc in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 151.52% while it is estimated to increase by 36.06% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by ROTH MKM on January 12, 2024 offering a Buy rating for the stock and assigned a target price range of between $92 and $114 to it.
