A new trading day began on Tuesday, with Live Nation Entertainment Inc (NYSE: LYV) stock price down -1.19% from the previous day of trading, before settling in for the closing price of $140.54. LYV’s price has ranged from $81.38 to $141.18 over the past 52 weeks.
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A company in the Communication Services sector has jumped its sales by 72.49% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -17.22%. With a float of $154.56 million, this company’s outstanding shares have now reached $233.30 million.
In an organization with 14700 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 24.27%, operating margin of 4.24%, and the pretax margin is 3.87%.
Live Nation Entertainment Inc (LYV) Insider Updates
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 32.97%, while institutional ownership is 75.24%. 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) Performance Highlights and Predictions
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -1.02 per share, which was $0.1 lower 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 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -17.22% 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 1.01. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.37. Likewise, its price to free cash flow for the trailing twelve months is 48.31.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.93, a number that is poised to hit -1.08 in the next quarter and is forecasted to reach 2.57 in one year’s time.
Technical Analysis of Live Nation Entertainment Inc (LYV)
Let’s dig in a bit further. During the last 5-days, its volume was 2.36 million. That was better than the volume of 2.18 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 93.52%. Additionally, its Average True Range was 2.97.
During the past 100 days, Live Nation Entertainment Inc’s (LYV) raw stochastic average was set at 95.71%, which indicates a significant increase from 87.96% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.21% in the past 14 days, which was higher than the 23.96% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $118.25, while its 200-day Moving Average is $101.35. However, in the short run, Live Nation Entertainment Inc’s stock first resistance to watch stands at $140.44. Second resistance stands at $142.01. The third major resistance level sits at $143.37. If the price goes on to break the first support level at $137.51, it is likely to go to the next support level at $136.15. Assuming the price breaks the second support level, the third support level stands at $134.58.
Live Nation Entertainment Inc (NYSE: LYV) Key Stats
With a market capitalization of 32.02 billion, the company has a total of 232,354K Shares Outstanding. Currently, annual sales are 22,749 M while annual income is 315,840 K. The company’s previous quarter sales were 7,651 M while its latest quarter income was 397,270 K.
