On Monday, Live Nation Entertainment Inc (NYSE: LYV) opened higher 1.81% from the last session, before settling in for the closing price of $116.32. Price fluctuations for LYV have ranged from $76.48 to $117.48 over the past 52 weeks.
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Annual sales at Communication Services sector company grew by 72.49% over the past five years. Company’s average yearly earnings per share was noted -7.73% at the time writing. With a float of $153.99 million, this company’s outstanding shares have now reached $233.30 million.
Let’s look at the performance matrix of the company that is accounted for 14700 employees. 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 and Institutional Ownership
A key investor’s attitude towards the stock of the Entertainment industry is another important factor to consider. The insider ownership of Live Nation Entertainment Inc is 33.14%, while institutional ownership is 74.28%. 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) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 1.78 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 1.27) by 0.51. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.96 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -7.73% per share during the next fiscal year.
Live Nation Entertainment Inc (NYSE: LYV) Trading Performance Indicators
Check out the current performance indicators for Live Nation Entertainment Inc (LYV). In the past quarter, the stock posted a quick ratio of 0.92. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.15. Likewise, its price to free cash flow for the trailing twelve months is 49.13.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.05, a number that is poised to hit 1.62 in the next quarter and is forecasted to reach 2.41 in one year’s time.
Technical Analysis of Live Nation Entertainment Inc (LYV)
Live Nation Entertainment Inc (NYSE: LYV) saw its 5-day average volume 1.6 million, a negative change from its year-to-date volume of 2.1 million. As of the previous 9 days, the stock’s Stochastic %D was 83.71%. Additionally, its Average True Range was 2.07.
During the past 100 days, Live Nation Entertainment Inc’s (LYV) raw stochastic average was set at 97.02%, which indicates a significant increase from 88.05% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.43% in the past 14 days, which was lower than the 21.88% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $105.32, while its 200-day Moving Average is $97.33. Nevertheless, the first resistance level for the watch stands at $119.58 in the near term. At $120.74, the stock is likely to face the second major resistance level. The third major resistance level sits at $122.08. If the price goes on to break the first support level at $117.09, it is likely to go to the next support level at $115.75. The third support level lies at $114.59 if the price breaches the second support level.
Live Nation Entertainment Inc (NYSE: LYV) Key Stats
There are currently 229,744K shares outstanding in the company with a market cap of 27.28 billion. Presently, the company’s annual sales total 22,749 M according to its annual income of 315,840 K. Last quarter, the company’s sales amounted to 6,023 M and its income totaled 240,650 K.
