Live Nation Entertainment Inc. (NYSE:LYV) saw an upside of 2.06% to close Tuesday at $100.06 after adding $2.02 on the day. The 5-day average trading volume is 1,537,740 shares of the company’s common stock. It has gained $102.24 in the past week. An average of 2,277,880 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,016,342.
LYV’s 1-month performance is 12.29% or $13.98 on its low of $84.38 reached on 09/15/21. The company’s shares have touched a 52-week low of $47.97 and high of $102.24, with the stock’s rally to the 52-week high happening on 10/07/21. YTD, LYV has achieved 36.17% or $26.58. However, the current price is down -2.13%% from the 52-week high price.
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On Mar 12, 215 days have gone by since the last insider trading activity for Live Nation Entertainment Inc. (LYV). Willard Elizabeth Kathleen (EVP & Chief Financial Officer) most recently sold 81,500 shares at $87.69 per share on Mar 12. This transaction cost the insider $7,146,977. President, Berchtold Joe, sold 85,000 shares at a price of $87.84 on Mar 12. Then, on Mar 11, President Berchtold Joe sold 85,000 shares at a price of $88.83 per share. This transaction amounted to $7,550,893.
Live Nation Entertainment Inc. (LYV) has a trailing price-to-earnings (P/E) ratio of 19.30 for the broader industry and 30.14 for the sector. The company’s PE ratio for the last five years has touched a high of 2320.50 and a low of 2046.00. LYV stock has a beta of 1.29. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 17.31 while the price to cash flow ratio at 64.13.
Live Nation Entertainment Inc.’s quick ratio for the period ended June 29 was 1.00, with the current ratio over the same period at 1.00 meaning that LYV stock is able to fulfill its debt obligations. In terms of profitability, the gross margin trailing 12 months is 44.80%. The trailing 12-month EBITDA margin is -60.16% while for the period ending June 29; Live Nation Entertainment Inc.’s operating margin was -98.50%. The firm’s gross profit as reported stood at $458.78 million against revenue of $1.86 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected LYV to announce -$1.18 per share in earnings in its latest quarter, but it posted -$0.9, representing a 23.70% surprise. EBITDA for the quarter stood at more than $3.44 million. LYV stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 12.83 billion, with total debt at $6.88 billion. Shareholders hold equity totaling $218.99 million
Let’s look briefly at Live Nation Entertainment Inc. (LYV) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 69.39% to suggest the stock is trending Neutral, with historical volatility in this time period at 43.39%.
The stock’s 5-day moving average is $99.29, reflecting a +0.23% or $0.23 change from its current price. LYV is currently trading +12.83% above its 20-day SMA, +13.23% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +26.47% and +39.67% respectively.
Stochastic %K and %D was 78.70% and 81.04% and the average true range (ATR) pointed at 2.89. The RSI (14) points at 68.30%, while the 14-day stochastic is at 83.63% with the period’s ATR at 2.88. The stock’s 9-day MACD Oscillator is pointing at 0.58 and 2.68 on the 14-day charts.
In the most recent analyst report for Live Nation Entertainment Inc. (NYSE: LYV), Goldman launched coverage with a Buy rating. Analysts offering their rating for LYV stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate LYV as a “sell,”, while 5 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 7 have offered a “buy” rating.
What is LYV’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $70.00 and a high of $112.00, with their median price target at $97.50. Looking at these predictions, the average price target given by analysts is for Live Nation Entertainment Inc. (LYV) stock is $95.25.