Live Nation Entertainment Inc (NYSE:LYV) does about 2.21M shares in volume on a normal day but saw 1920605 shares change hands in Monday trading. The company now has a market cap of 23.03B USD. Its current market price is $99.77, marking a decrease of -1.26% compared to the previous close of $101.04. The 52 week high reached by this stock is $107.24 whilst the lowest price level in 52 weeks is $64.96.
Live Nation Entertainment Inc (LYV) has a 20-day trading average at $103.91 and the current price is -6.97% off the 52-week high compared with 53.59% distance from its 52-week low. The 50-day simple moving average of the closing price is $98.35 and its 200-day simple moving average is $89.94. If we look at the stock’s price movements over the week, volatility stands at 1.94%, which decreases to 1.88% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 43.15 to suggest the stock is neutral.
The consensus objective for the share price is $118.28, suggesting that the stock has a potential upside of 15.65% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 12, 2024 when ROTH MKM upgraded the stock to “Buy” and issued a price target of between $92 and $114. Morgan Stanley also upgraded the stock to “Overweight” from Equal-Weight on December 14, 2023 at a price target of $100-$110. Evercore ISI upgraded its price target at $100.
Live Nation Entertainment Inc (LYV) stock is down -2.95% over the week and -3.52% over the past month. Its price is 6.59% year-to-date and 41.44% over the past year.
To reach the target analysts have set, the stock logically needs to grow 15.65 percent from here.
The company has a return on investment of 4.43% and return on equity of 474.88%. The price to earnings ratio (P/E ratio) amounts to 75.97 while the forward price to earnings ratio is 44.00. The beta has a value of 1.31. Price to sales ratio is 1.01.
