As of Friday close, Live Nation Entertainment Inc.’s (NYSE:LYV) stock was up $1.48, moving up 1.72 percent to $87.73. The average number of shares traded per day over the past five days has been 3,484,240 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.60 fall in that time frame. In the last twenty days, the average volume was 3,009,790, while in the previous 50 days, it was 2,274,652.
Since last month, LYV stock retreated -4.27%. Shares of the company fell to $81.04 on 07/28/23, the lowest level in the past month. A 52-week high of $101.74 was reached on 07/28/23 after having rallying from a 52-week low of $64.25. Since the beginning of this year, LYV’s stock price has risen by 25.80% or $17.99, and marked a new high 35 times. However, the stock has declined by -13.77% since its 52-week high.
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LYV stock investors should be aware that Live Nation Entertainment Inc. (LYV) stock had its last reported insider trading activity 54 days ago on Jun 12. HINSON JEFFREY T., the Director of the company, disposed of 1,000 shares for $85.79 on Jun 12. It resulted in a $85,790 divestment by the insider. Rowles Michael sold 100,000 shares at an average price of $78.00 on May 08. The insider now owns 157,786 shares following the transaction. On Dec 01, Director Iovine Jimmy bought 13,740 shares at $73.28 apiece. The transaction was valued at $1,006,867.
Valuation Metrics
Right now, Live Nation Entertainment Inc. (LYV) has a P/E ratio of about 131.53. The stock’s beta is 1.30.
Financial Health
In the three months ended June 29, Live Nation Entertainment Inc.’s quick ratio stood at 1.10, while its current ratio was 1.10, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 25.70% percent. In the year ended June 29, EBITDA margin amounted to 7.37%, whereas operating margins totaled 5.00%. Based on annual data, LYV earned $4.34 billion in gross profit and brought in $16.68 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 11.50%. Return on equity (ROE) for the past 12 months was -92.70%.
In Live Nation Entertainment Inc.’s quarter-end financial report for June 29, it reported total debt of $6.55 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. LYV’s revenue rose 21.25% to $3.13 billion during the quarter, while net income inched up to $5.63 billion. While analysts expected Live Nation Entertainment Inc. to report $0.62 quarterly earnings, the actual figure was $1.02 per share, beating the consensus estimate by 64.50%. During the quarter, the company generated $548.44 million in EBITDA. The liabilities of Live Nation Entertainment Inc. were 19.55 billion at the end of its most recent quarter ended June 29, and its total debt was $8.41 billion. The value of shareholders’ equity is $230.15 million.
Technical Picture
This quick technical analysis looks at Live Nation Entertainment Inc.’s (LYV) price momentum. With a historical volatility rate of 42.19%, the RSI 9-day stood at 35.33% on 04 August.
With respect to its five-day moving average, the current Live Nation Entertainment Inc. price is down by -1.79% percent or -$1.60. At present, LYV shares trade -4.39% below its 20-day simple moving average and +31.00% percent above its 100-day simple moving average. However, the stock is currently trading approximately +6.91% above its SMA50 and +12.43% above its SMA200.
Stochastic coefficient K was 27.10% and Stochastic coefficient D was 27.23%, while ATR was 3.65. Given the Stochastic reading of 32.32% for the 14-day period, the RSI (14) reading has been calculated as 40.81%. As of today, the MACD Oscillator reading stands at -4.18, while the 14-day reading stands at -6.32.
Analyst Ratings
Oppenheimer launched its rating on Live Nation Entertainment Inc. (NYSE: LYV) to an Outperform in a note to investors on July 21, 2023. Live Nation Entertainment Inc. (LYV) has been rated Overweight by analysts. According to 1 brokerage firm, LYV is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Live Nation Entertainment Inc. stock as buy, with 13 recommending it as overweight.
With a median target price of $113.50, the current consensus forecast for the stock is $85.00 – $124.00. Based on these forecasts, analysts predict Live Nation Entertainment Inc. (LYV) will achieve an average price target of $110.17.
