Sinclair Inc. (NASDAQ:SBGI) saw a downside of -4.18% to $12.84 after subtracting -$0.56on Wednesday. The 5-day average trading volume is 486,459 shares of the company’s common stock. It has gained $13.99 in the past week and touched a new high 1 time within the past 5 days. An average of 560,470 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 654,554.
SBGI’s 1-month performance is -7.16% or -$1.02 on its low of $11.90 reached on 08/03/23. The company’s shares have touched a 52-week low of $11.90 and high of $24.14, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, SBGI has lost -17.21% or -$2.76 and has reached a new high 18 times. However, the current price is down -46.81% from the 52-week high price.
Insider Transactions
SBGI stock investors last saw insider trading activity on Aug 01.Lewis Jeffrey Edward (Chief Compliance Officer) most recently sold 44 shares at $13.65 per share on Aug 01. This transaction cost the insider $596. Chief Compliance Officer, Lewis Jeffrey Edward, sold 30 shares at a price of $14.84 on Jun 02. Then, on Feb 27, Chief Compliance Officer Lewis Jeffrey Edward sold 360 shares at a price of $16.97 per share. This transaction amounted to $6,110.
Valuation Metrics
SBGI stock has a beta of 1.38. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.24 while the price-to-book (PB) in the most recent quarter is 1.17, with the price to cash flow ratio at 1.29.
Sinclair Inc.’s quick ratio for the period ended June 29 was 2.40, with the current ratio over the same period at 2.40. As well, the company’s long term debt to equity for the quarter ending June 29 was 5.96, while the total debt to equity was 6.01. In terms of profitability, the gross margin trailing 12 months is 52.40%. The trailing 12-month EBITDA margin is 32.99% while for the period ending June 29, Sinclair Inc.’s operating margin was 13.00%. The firm’s gross profit as reported stood at $1.94 billion against revenue of $3.93 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 87.64% to -$89.0 million, while revenue of $185.0 million was 307.87% off the previous quarter. Analysts expected SBGI to announce -$0.6 per share in earnings in its latest quarter, but it posted -$1.38, representing a -130.00% surprise. EBITDA for the quarter stood at more than $89.0 million. SBGI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 5.56 billion, with total debt at $4.39 billion. Shareholders hold equity totaling $63.42 million.
Let’s look briefly at Sinclair Inc. (SBGI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 32.07% to suggest the stock is trending Neutral, with historical volatility in this time period at 35.41%.
The stock’s 5-day moving average is $13.35, reflecting a -6.90% or -$0.94 change from its current price. SBGI is currently trading -8.86% above its 20-day SMA, -22.13% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -16.36% and SMA200 by-26.95%.
Stochastic %K and %D was 41.56% and 54.78% and the average true range (ATR) pointed at 0.65. The RSI (14) points at 37.99%, while the 14-day stochastic is at 11.93% with the period’s ATR at 0.67. The stock’s 9-day MACD Oscillator is pointing at -0.55 and -0.61 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Sinclair Inc. (NASDAQ: SBGI), JP Morgan downgraded it to an Underweight rating. They previously had a Neutral rating on the stock. Analysts offering their rating for SBGI stock have a consensus rating for the stock as Hold. Currently, 3 brokerage advisors rate SBGI as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is SBGI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $12.50 and a high of $30.00, with their median price target at $15.50. Looking at these predictions, the average price target given by analysts is for Sinclair Inc. (SBGI) stock is $18.58.
