Live Nation Entertainment Inc. (NYSE:LYV) saw a downside of -1.76% to $86.33 after subtracting -$1.55 on Wednesday. The 5-day average trading volume is 1,954,641 shares of the company’s common stock. It has gained $89.59 in the past week and touched a new high 3 times within the past 5 days. An average of 2,906,490 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,268,796.
LYV’s 1-month performance is -7.05% or -$5.45 on its low of $81.04 reached on 07/28/23. The company’s shares have touched a 52-week low of $64.25 and high of $101.74, with the stock’s rally to the 52-week high happening on 07/28/23. YTD, LYV has achieved 23.79% or $16.57 and has reached a new high 35 times. However, the current price is down -15.15% from the 52-week high price.
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Insider Transactions
LYV stock investors last saw insider trading activity on Jun 12.HINSON JEFFREY T. (Director) most recently sold 1,000 shares at $85.79 per share on Jun 12. This transaction cost the insider $85,790. EVP & General Counsel, Rowles Michael, sold 100,000 shares at a price of $78.00 on May 08. Then, on Sep 23, President & CEO Rapino Michael sold 78,000 shares at a price of $74.41 per share. This transaction amounted to $5,804,024.
Valuation Metrics
LYV stock has a beta of 1.30. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.01 while the price to cash flow ratio at 13.14.
Live Nation Entertainment Inc.’s quick ratio for the period ended June 29 was 1.10, with the current ratio over the same period at 1.10. In terms of profitability, the gross margin trailing 12 months is 25.60%. The trailing 12-month EBITDA margin is 7.37% while for the period ending June 29, Live Nation Entertainment Inc.’s operating margin was 4.70%. The firm’s gross profit as reported stood at $4.34 billion against revenue of $16.68 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 34.51% to $237.06 million, while revenue of -$58.1 million was 124.51% off the previous quarter. Analysts expected LYV to announce $0.62 per share in earnings in its latest quarter, but it posted $1.02, representing a 64.50% surprise. EBITDA for the quarter stood at more than $548.44 million. LYV stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 19.55 billion, with total debt at $8.41 billion. Shareholders hold equity totaling $230.15 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 08 August was 33.66% to suggest the stock is trending Neutral, with historical volatility in this time period at 42.51%.
The stock’s 5-day moving average is $87.48, reflecting a +0.40% or $0.34 change from its current price. LYV is currently trading -5.93% above its 20-day SMA, +27.56% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +5.06% and SMA200 by+9.45%.
Stochastic %K and %D was 32.67% and 33.32% and the average true range (ATR) pointed at 3.21. The RSI (14) points at 38.74%, while the 14-day stochastic is at 25.46% with the period’s ATR at 3.03. The stock’s 9-day MACD Oscillator is pointing at 0.30 and -3.26 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Live Nation Entertainment Inc. (NYSE: LYV), Oppenheimer launched coverage with an Outperform 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 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 13 have offered a “buy” rating.
