Live Nation Entertainment Inc (LYV) concluded trading on Wednesday at a closing price of $125.99, with 7.18 million shares of worth about $905.08 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 31.53% during that period and on November 06, 2024 the price saw a gain of about 7.12%. Currently the company’s common shares owned by public are about 233.30M shares, out of which, 153.99M shares are available for trading.
Stock saw a price change of 7.50% in past 5 days and over the past one month there was a price change of 12.90%. Year-to-date (YTD), LYV shares are showing a performance of 34.60% which increased to 47.55% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $81.38 but also hit the highest price of $119.47 during that period. The average intraday trading volume for Live Nation Entertainment Inc shares is 1.79 million. The stock is currently trading 8.10% above its 20-day simple moving average (SMA20), while that difference is up 16.19% for SMA50 and it goes to 28.13% 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 73.38% of that.
The stock has a current market capitalization of $29.02B and its 3Y-monthly beta is at 1.34. PE ratio of stock for trailing 12 months is 120.45, while it has posted earnings per share of $1.05 in the same period. Its PEG reads 4.22 and 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 2.26% while standing at 1.81% over the month.
Stock’s fiscal year EPS is expected to drop by -8.57% while it is estimated to increase by 92.77% 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 BofA Securities on September 04, 2024 offering a Buy rating for the stock and assigned a target price of $125 to it. On May 09, 2024, Redburn Atlantic Upgrade their recommendations, while on April 30, 2024, Deutsche Bank Initiated their ratings for the stock with a price target of $120. Stock get a Buy rating from ROTH MKM on January 12, 2024.
