Live Nation Entertainment Inc (LYV) concluded trading on Wednesday at a closing price of $94.20, with 1.99 million shares of worth about $187.7 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.60% during that period and on Wednesday the price saw a loss of about -2.59%. Currently the company’s common shares owned by public are about 233.30M shares, out of which, 153.33M shares are available for trading.
Stock saw a price change of 4.30% in past 5 days and over the past one month there was a price change of -0.16%. Year-to-date (YTD), LYV shares are showing a performance of 0.64% which increased to 2.67% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $76.48 but also hit the highest price of $107.24 during that period. The average intraday trading volume for Live Nation Entertainment Inc shares is 2.32 million. The stock is currently trading 2.93% above its 20-day simple moving average (SMA20), while that difference is up 1.20% for SMA50 and it goes to 3.32% higher than SMA200.
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Live Nation Entertainment Inc (NYSE: LYV) currently have 233.30M outstanding shares and institutions hold larger chunk of about 75.47% of that.
The stock has a current market capitalization of $21.64B and its 3Y-monthly beta is at 1.34. PE ratio of stock for trailing 12 months is 90.84, while it has posted earnings per share of $1.04 in the same period. It has Quick Ratio of 0.92. 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 2.12% while standing at 2.13% over the month.
Stock’s fiscal year EPS is expected to rise by 8.48% while it is estimated to increase by 67.78% in next year.
Coverage by Redburn Atlantic stated Live Nation Entertainment Inc (LYV) stock as a Buy in their note to investors on May 09, 2024, suggesting a price target of $115 for the stock. On April 30, 2024, Deutsche Bank Initiated their recommendations, while on January 12, 2024, ROTH MKM Upgrade their ratings for the stock with a price target of $114. Stock get an Overweight rating from Morgan Stanley on December 14, 2023.
