Live Nation Entertainment Inc (NYSE: LYV) on Monday, soared 1.66% from the previous trading day, before settling in for the closing price of $109.06. Within the past 52 weeks, LYV’s price has moved between $76.48 and $112.00.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Communication Services sector was 72.49%. The company achieved an average annual earnings per share of -3.22%. With a float of $153.99 million, this company’s outstanding shares have now reached $233.30 million.
Considering the fact that the conglomerate employs 14700 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 23.56%, operating margin of 4.05%, and the pretax margin is 3.83%.
Live Nation Entertainment Inc (LYV) Insider Activity
Observing investor behavior towards Entertainment industry stocks is more important than anything else. The insider ownership of Live Nation Entertainment Inc is 33.14%, while institutional ownership is 74.39%. The most recent insider transaction that took place on Sep 12 ’24, was worth 2,857,676. In this transaction President & CFO of this company sold 29,310 shares at a rate of $97.50, taking the stock ownership to the 566,722 shares. Before that another transaction happened on Sep 12 ’24, when Company’s President & CEO sold 98,849 for $97.50, making the entire transaction worth $9,637,778. This insider now owns 3,702,115 shares in total.
Live Nation Entertainment Inc (LYV) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -3.22% per share during the next fiscal year.
Live Nation Entertainment Inc (NYSE: LYV) Trading Performance Indicators
Live Nation Entertainment Inc (LYV) is currently performing well based on its current performance indicators. A quick ratio of 0.92 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.07. Likewise, its price to free cash flow for the trailing twelve months is 46.00.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.05, a number that is poised to hit 1.70 in the next quarter and is forecasted to reach 2.46 in one year’s time.
Technical Analysis of Live Nation Entertainment Inc (LYV)
Compared to the last year’s volume of 2.14 million, its volume of 2.72 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 81.84%. Additionally, its Average True Range was 2.32.
During the past 100 days, Live Nation Entertainment Inc’s (LYV) raw stochastic average was set at 95.51%, which indicates a significant increase from 89.37% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.74% in the past 14 days, which was lower than the 26.23% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $98.28, while its 200-day Moving Average is $95.48. Nevertheless, the first resistance level for the watch stands at $111.64 in the near term. At $112.42, the stock is likely to face the second major resistance level. The third major resistance level sits at $113.66. If the price goes on to break the first support level at $109.62, it is likely to go to the next support level at $108.38. Should the price break the second support level, the third support level stands at $107.60.
Live Nation Entertainment Inc (NYSE: LYV) Key Stats
Market capitalization of the company is 25.54 billion based on 229,744K outstanding shares. Right now, sales total 22,749 M and income totals 315,840 K. The company made 6,023 M in profit during its latest quarter, and 240,650 K in sales during its previous quarter.
