Live Nation Entertainment Inc (NYSE: LYV) on Friday, soared 0.82% from the previous trading day, before settling in for the closing price of $132.19. Within the past 52 weeks, LYV’s price has moved between $86.67 and $141.18.
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Annual sales at Communication Services sector company grew by 72.49% over the past five years. The company achieved an average annual earnings per share of -17.55%. With a float of $154.35 million, this company’s outstanding shares have now reached $230.59 million.
Let’s look at the performance matrix of the company that is accounted for 14700 employees. 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 and Institutional Ownership
Observing investor behavior towards Entertainment industry stocks is more important than anything else. The insider ownership of Live Nation Entertainment Inc is 33.07%, while institutional ownership is 75.23%. 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
According to the Wall Street analysts, stocks earnings will be around -17.55% 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 1.01 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 1.33. Likewise, its price to free cash flow for the trailing twelve months is 46.74.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.93, a number that is poised to hit -1.09 in the next quarter and is forecasted to reach 2.63 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 2.56 million, a positive change from its year-to-date volume of 2.21 million. As of the previous 9 days, the stock’s Stochastic %D was 10.25%. Additionally, its Average True Range was 2.90.
During the past 100 days, Live Nation Entertainment Inc’s (LYV) raw stochastic average was set at 85.33%, which indicates a significant increase from 22.44% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.03% in the past 14 days, which was lower than the 23.94% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $127.52, while its 200-day Moving Average is $104.86. Nevertheless, the first resistance level for the watch stands at $134.81 in the near term. At $136.34, the stock is likely to face the second major resistance level. The third major resistance level sits at $137.96. If the price goes on to break the first support level at $131.66, it is likely to go to the next support level at $130.04. The third support level lies at $128.51 if the price breaches the second support level.
Live Nation Entertainment Inc (NYSE: LYV) Key Stats
Market capitalization of the company is 30.99 billion based on 232,354K outstanding shares. Right now, sales total 22,749 M and income totals 315,840 K. The company made 7,651 M in profit during its latest quarter, and 397,270 K in sales during its previous quarter.
