Live Nation Entertainment Inc (NYSE:LYV) currently has a daily average trading volume of 2.19M but it saw 2218844 shares traded in last market. With a market cap of 31.95B USD, the company’s current market price of $138.57 came rising about 1.51 while comparing to the previous closing price of $136.51. In past 52 weeks, the stock remained buoying in the range of price level as high as $136.54 and as low as $81.38. In the recent trading on the day, stock has struck highest price mark of $135.4962 while lowest mark touched by it was $139.19.
Taking a look at 20-day trading activity of Live Nation Entertainment Inc (LYV) gives us an average price of $124.71, while its current price level is 1.49% below from 52-week high level whereas it is 70.28% 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 $115.92 while that of 200 days or SMA-200 reads an average of $100.58. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.54% during that period while stretching the period over a month that decreases to 2.22%. 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 81.46 which implies that the stock is in overbought territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the BofA Securities which initiated the stock as “Buy” in its note to investors issued on September 04, 2024, recommending a price target of $125 for it. Redburn Atlantic issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $114 and $115.
Over the week, LYV’s stock price is moving 7.26% up while it is 20.78% when we observe its performance for the past one month. Year-to-date it is 48.04% up and over the past year, the stock is showing an upside performance of 59.20%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -1.02 beaten by the consensus estimate of -0.94 for the same. The company is expected to be releasing its next quarterly report in December, for which analysts forecasted an EPS of -1.02 while estimate for next year EPS is 1.22. In next quarter, company is expected to be making quarterly sales of $4.12B as analysts are expecting the sales for current fiscal year at $23.24B and seeing the company making $26.67B in sales next year. Moreover, analysts are in estimates of $5.77B for current-quarter revenue.
Currently, Live Nation Entertainment Inc’s total number of outstanding shares is 233.30M with 32.12% of that held by the insiders while 75.61% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 2.98% and return on equity (ROE) at 90.38%. It has a price to earnings ratio (P/E ratio) of 148.38 while having a 53.99 of forward P/E ratio. Stock’s beta reads 1.36. Stock has a price to book (P/B) ratio of 110.96 while price to sale or P/S ratio amounts to 1.37. Its return on asset (ROA) is 1.18% on average.
