The stock of Las Vegas Sands Corp. (NYSE:LVS) increased by $0.76 on Tuesday to finish at $54.58, up 1.41 percent. The last five days have seen an average of 3,724,140 shares of common stock traded. 17 times new highs were reached in the current year, with a gain of $6.51. The average number of shares traded over the last 20 days was 3,234,035, while the average volume over the last 50 days totaled 4,051,376.
LVS stock dropped -8.74% since last month. On 08/25/23, the company’s shares reached a one-month low of $52.39. The stock touched a high of $65.58 on 05/01/23, after rallying from a low of $33.38 in 52 weeks. The price of LVS stock has risen by 13.54% or $6.51 this year, reaching a new high 17 times. Still, the stock price is down -16.77% from the 52-week high.
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Insider Transactions
LVS stock investors should be aware that Las Vegas Sands Corp. (LVS) stock had its last reported insider trading activity 124 days ago on Apr 28. On Apr 28, Director Forman Charles D sold 15,000 shares at $63.17 each. This transaction resulted in the insider making $947,550.
Valuation Metrics
Las Vegas Sands Corp. (LVS) has a trailing price-to-earnings (P/E) ratio of 747.67. Beta for the stock is 1.21. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 6.24, the price-to-book (PB) ratio of 9.63, and the price-to-cash flow ratio of 228.75.
Company paid $0.20 per share in dividends, a decrease of -74.68% from $0.79 last year. A $0.59 dividend decrease was reported on Wednesday July 19 2023.
Financial Health
For the three months ended June 29, Las Vegas Sands Corp.’s quick ratio was 2.80, while its current ratio was 2.80, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 3.43, and the total debt to equity ratio is 3.45. As far as profitability goes, gross margin for the trailing twelve months is 46.50% percent. Las Vegas Sands Corp.’s EBITDA margin for the year ended June 29 was 6.47%, whereas its operating margin stood at 8.40% for the same period. Based on annual data, it had gross profit of $1.65 billion and revenue of $4.11 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. LVS’s return on assets (ROA) during the last 12 months has been 0.20%. There was a -4.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 1.30%.
Earnings Surprise
According to Las Vegas Sands Corp.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.54 billion, while revenues rose by 58.89% to $2.12 billion. It was predicted that Las Vegas Sands Corp.’s quarterly earnings would be $0.46, but it ended up being $0.43, beating the consensus by 7.00%. EBITDA was $855.0 million for the quarter. At the end of Las Vegas Sands Corp.’s most recent quarter ended June 29, its liabilities totaled 18.11 billion, while its total debt was $14.92 billion. Equity owned by shareholders amounts to $764.45 million.
Technical Picture
Here’s a quick look at Las Vegas Sands Corp.’s (LVS) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 48.70%, suggesting the stock is Neutral, with a 18.45% historical volatility rate.
The stochastic %K and %D were 21.16% and 16.52% respectively, while the average true range (ATR) was 1.20. Based on the 14-day stochastic reading of 36.44%, the RSI (14) reading is 45.02%. On the 9-day MACD Oscillator, the stock is at 0.16, and the 14-day reading is at -0.58.
Analyst Ratings
Las Vegas Sands Corp. (NYSE: LVS) was downgraded by Jefferies to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Las Vegas Sands Corp. (LVS) an Overweight rating. LVS is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 12 others recommend it as a buy.
What is LVS’s price target for the next 12 months?
The current consensus forecast for the stock is between $64.00 and $80.50, with a median target price of $70.00. In analyzing these forecasts, the average price target given by analysts for Las Vegas Sands Corp. (LVS) is $70.49.
