Value gained By Sinclair Broadcast Group Inc. (SBGI) In The Past Week: $30.78

Sinclair Broadcast Group Inc. (NASDAQ:SBGI) finished Friday with an addition of $0.12 to close at $28.47, an upside of 0.42 percent. An average of 581,000 shares of common stock have been traded in the last five days. There was a gain of $1.28 in the past week, and it reached a new high 23 times over the past 12 months. The last 20 days have seen an average of 420,710 shares traded, while the 50-day average volume stands at 389,192.

SBGI stock has decreased by -3.20% in the last month. The company shares reached their 1-month lowest point of $26.03 on 10/18/21. With the stock rallying to its 52-week high on 03/12/21, shares of the company touched a low of $16.72 and a high of $39.60 in 52 weeks. It has reached a new high 9 times so far this year and lost -10.61% or -$3.38 in price. In spite of this, the price is down -28.11% from the 52-week high.


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Insider Transactions

72 days have passed since Sinclair Broadcast Group Inc. (SBGI) last reported insider trading activity. MCCANNA LAWRENCE E, who is Director, most recently acquired $3,274 shares at $30.17 per share on Aug 12. In this transaction, the insider spent $98,774. Vice President, SMITH FREDERICK G, disposed of 100,000 shares at a price of $32.10 on Jun 22. The insider now owns more than $3,210,080 worth of shares. Prior to that, Vice President SMITH FREDERICK G went on to Sale 15,000 shares at $32.66 each on Jun 10. An amount of $489,870 was transacted.

Valuation Metrics

Sinclair Broadcast Group Inc. (SBGI) has a trailing price-to-earnings (P/E) ratio of 19.30 for the broader industry and 30.57 for the sector. In the last five years, Sinclair Broadcast Group Inc.’s PE ratio has ranged between 68.00 and 3.916. The stock’s beta is 1.55. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.36, and the price-to-cash flow ratio at 2.11.

Sinclair Broadcast Group Inc. pays a $0.80 dividend per share annually. It offers a dividend yield of 2.81%. The company’s most recent quarterly dividend payment took place on Sep. 15, and it was $0.20 a share, without any change from last year. Its dividend has been increased for the last 1 year with the latest increase dividend $0.02 reported on Thursday November 8 2018.Dividends have grown by 11.11% each year over the last three years.

The quick ratio of Sinclair Broadcast Group Inc. for the three months ended June 29 was 2.60, and the current ratio was 2.60, indicating that the company is able to meet its debt obligations. Sinclair Broadcast Group Inc.’s EBITDA margin for the year ending June 29 is 54.22%, while its operating margin for the same period stands at -60.70%. Its gross profit as reported stood at $3.12 billion compared to revenue of $5.94 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Sinclair Broadcast Group Inc.’s return on assets was -24.20%.

Earnings Surprise

For the three-month period that ended June 29, Sinclair Broadcast Group Inc. had $12.47 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$332.0 million in the quarter, while revenues were grew 137.05%. The analyst consensus anticipated Sinclair Broadcast Group Inc.’s latest quarter earnings to come in at -$4.47 per share, but it turned out to be -$4.41, a 1.30% surprise. For the quarter, EBITDA amounted to $820.0 million. Shareholders own equity worth $75.49 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Sinclair Broadcast Group Inc. (SBGI) price momentum. RSI 9-day as of the close on 22 October was 46.62%, suggesting the stock is Neutral, with historical volatility in this time frame at 46.11%.

As of today, SBGI’s price is $27.99 +4.71% or $1.28 from its 5-day moving average. SBGI is currently trading -12.02% lower than its 20-day SMA and -17.76% lower than its 100-day SMA. However, the stock’s current price level is -6.84% below the SMA50 and -12.35% below the SMA200.

The stochastic %K and %D were 39.46% and 32.88%, respectively, and the average true range (ATR) was 1.33. With the 14-day stochastic at 41.27% and the average true range at 1.27, the RSI (14) stands at 46.23%. The stock has reached 0.65 on the 9-day MACD Oscillator while the 14-day reading was at -0.19.

Analyst Ratings

The consensus rating for Sinclair Broadcast Group Inc. (SBGI) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell SBGI, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

What is SBGI’s price target for the next 12 months?

Analysts predict a range of price targets between $26.00 and $39.00, with a median target of $34.00. Taking a look at these predictions, the average price target given by analysts for Sinclair Broadcast Group Inc. (SBGI) stock is $34.00.

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