A new trading day began on Monday, with Live Nation Entertainment Inc (NYSE: LYV) stock price up 0.05% from the previous day of trading, before settling in for the closing price of $117.15. LYV’s price has ranged from $80.42 to $119.47 over the past 52 weeks.
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During the last 5-year period, the sales growth of Communication Services Sector giant was 72.49%. Meanwhile, its annual earnings per share averaged -8.57%. With a float of $153.99 million, this company’s outstanding shares have now reached $233.30 million.
Let’s determine the extent of company efficiency that accounts 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) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Entertainment Industry. The insider ownership of Live Nation Entertainment Inc is 33.14%, while institutional ownership is 74.32%. 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) Recent Fiscal highlights
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 1.78 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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 -8.57% per share during the next fiscal year.
Live Nation Entertainment Inc (NYSE: LYV) Trading Performance Indicators
Here are Live Nation Entertainment Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.92. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.13. Likewise, its price to free cash flow for the trailing twelve months is 48.63.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.05, a number that is poised to hit 1.61 in the next quarter and is forecasted to reach 2.41 in one year’s time.
Technical Analysis of Live Nation Entertainment Inc (LYV)
Looking closely at Live Nation Entertainment Inc (NYSE: LYV), its last 5-days average volume was 1.75 million, which is a drop from its year-to-date volume of 2.1 million. As of the previous 9 days, the stock’s Stochastic %D was 54.90%. Additionally, its Average True Range was 2.03.
During the past 100 days, Live Nation Entertainment Inc’s (LYV) raw stochastic average was set at 93.08%, which indicates a significant increase from 65.55% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.07% in the past 14 days, which was lower than the 21.54% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $107.42, while its 200-day Moving Average is $98.00. However, in the short run, Live Nation Entertainment Inc’s stock first resistance to watch stands at $118.07. Second resistance stands at $118.92. The third major resistance level sits at $119.73. If the price goes on to break the first support level at $116.41, it is likely to go to the next support level at $115.60. Now, if the price goes above the second support level, the third support stands at $114.75.
Live Nation Entertainment Inc (NYSE: LYV) Key Stats
With a market capitalization of 27.00 billion, the company has a total of 230,319K Shares Outstanding. Currently, annual sales are 22,749 M while annual income is 315,840 K. The company’s previous quarter sales were 6,023 M while its latest quarter income was 240,650 K.
