Live Nation Entertainment Inc (NYSE:LYV) currently has a daily average trading volume of 2.10M but it saw 1725569 shares traded in last market. With a market cap of 21.12B USD, the company’s current market price of $91.72 came rising about 1.81 while comparing to the previous closing price of $90.09. In past 52 weeks, the stock remained buoying in the range of price level as high as $107.24 and as low as $76.48. In the recent trading on the day, stock has struck highest price mark of $89.69 while lowest mark touched by it was $92.12.
Taking a look at 20-day trading activity of Live Nation Entertainment Inc (LYV) gives us an average price of $93.98, while its current price level is -14.47% below from 52-week high level whereas it is 19.93% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $93.11 while that of 200 days or SMA-200 reads an average of $92.58. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.74% during that period while stretching the period over a month that increases to 2.75%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 46.14 which implies that the stock is in neutral territory.
Redburn Atlantic upgraded its recommendation for the stock as a “Buy” from “Neutral” on May 09, 2024 while assigning a price target range of $114-$115. Deutsche Bank issued its recommendations for the stock as it initiated the price target for the stock is $120.
Over the week, LYV’s stock price is moving -1.36% down while it is -2.87% when we observe its performance for the past one month. Year-to-date it is -2.01% down and over the past year, the stock is showing an upside performance of 4.37%.
Currently, Live Nation Entertainment Inc’s total number of outstanding shares is 233.30M. Company’s return on investment (ROI) stands at 3.83% and return on equity (ROE) at 474.88%. It has a price to earnings ratio (P/E ratio) of 87.69 while having a 37.15 of forward P/E ratio. Stock’s beta reads 1.33. Stock has a price to sale or P/S ratio amounts to 0.89. Its return on asset (ROA) is 1.27% on average.
