Sinclair Inc (SBGI) concluded trading on Thursday at a closing price of $13.47, with 0.44 million shares of worth about $5.92 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 25.65% during that period and on March 28, 2024 the price saw a gain of about 2.12%. Currently the company’s common shares owned by public are about 39.74M shares, out of which, 35.50M shares are available for trading.
Stock saw a price change of 11.88% in past 5 days and over the past one month there was a price change of -8.92%. Year-to-date (YTD), SBGI shares are showing a performance of 3.38% which decreased to -12.98% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.39 but also hit the highest price of $21.17 during that period. The average intraday trading volume for Sinclair Inc shares is 484.90K. The stock is currently trading 4.18% above its 20-day simple moving average (SMA20), while that difference is down -6.51% for SMA50 and it goes to 2.20% higher than SMA200.
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Sinclair Inc (NASDAQ: SBGI) currently have 39.74M outstanding shares and institutions hold larger chunk of about 42.45% of that.
The stock has a current market capitalization of $856.69M and its 3Y-monthly beta is at 1.39. It has posted earnings per share of -$4.84 in the same period. It has Quick Ratio of 1.34 while making debt-to-equity ratio of 15.26. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SBGI, volatility over the week remained 4.57% while standing at 5.78% over the month.
Analysts are in expectations that Sinclair Inc (SBGI) stock would likely to be making an EPS of -$0.29 in the current quarter, while forecast for next quarter EPS is -$0.06 and it is -$0.32 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.46 which is -$0.06 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 $2.64 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 150.85% while it is estimated to decrease by -118.43% 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 JP Morgan on December 08, 2022 offering an Underweight rating for the stock and assigned a target price range of between $25 and $16 to it. Coverage by Wells Fargo stated Sinclair Inc (SBGI) stock as an Underweight in their note to investors on November 03, 2022, suggesting a price target of $16 for the stock. On May 05, 2022, Wells Fargo Upgrade their recommendations, while on April 19, 2022, Rosenblatt Initiated their ratings for the stock with a price target of $21. Stock get a Hold rating from Deutsche Bank on December 22, 2020.
