Live Nation Entertainment Inc (NYSE: LYV) kicked off on Friday, down -1.12% from the previous trading day, before settling in for the closing price of $149.99. Over the past 52 weeks, LYV has traded in a range of $86.81-$150.50.
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During the last 5-year period, the sales growth of Communication Services Sector giant was 88.85%. While this was happening, its average annual earnings per share was recorded -19.14%. With a float of $154.09 million, this company’s outstanding shares have now reached $230.59 million.
Let’s determine the extent of company efficiency that accounts 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 Activity
Our next focus will be how large-scale investors are participating in this stock of the Entertainment Industry. The insider ownership of Live Nation Entertainment Inc is 33.18%, while institutional ownership is 75.21%. 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
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.2 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -19.14% per share during the next fiscal year.
Live Nation Entertainment Inc (NYSE: LYV) Trading Performance Indicators
Take a look at Live Nation Entertainment Inc’s (LYV) current performance indicators. Last quarter, 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 1.47. Likewise, its price to free cash flow for the trailing twelve months is 51.59.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.93, a number that is poised to hit -1.11 in the next quarter and is forecasted to reach 2.62 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 2.24 million, which is a jump from its year-to-date volume of 1.83 million. As of the previous 9 days, the stock’s Stochastic %D was 86.33%. Additionally, its Average True Range was 2.88.
During the past 100 days, Live Nation Entertainment Inc’s (LYV) raw stochastic average was set at 92.82%, which indicates a significant increase from 74.45% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.53% in the past 14 days, which was lower than the 21.66% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $136.69, while its 200-day Moving Average is $110.37. However, in the short run, Live Nation Entertainment Inc’s stock first resistance to watch stands at $151.22. Second resistance stands at $154.13. The third major resistance level sits at $156.15. If the price goes on to break the first support level at $146.29, it is likely to go to the next support level at $144.27. Should the price break the second support level, the third support level stands at $141.36.
Live Nation Entertainment Inc (NYSE: LYV) Key Stats
The company with the Market Capitalisation of 34.20 billion has total of 232,354K Shares Outstanding. Its annual sales at the moment are 22,749 M in contrast with the sum of 315,840 K annual income. Company’s last quarter sales were recorded 7,651 M and last quarter income was 397,270 K.
