Why Today Is the Best Time to Buy Live Nation Entertainment Inc. [LYV] Stock at $70.00

In a recent bid Live Nation Entertainment Inc. [LYV] faced a contemporary bid of $70.00 yielding a 4.12% incline where 2.25 million shares have exchanged hands over the last week. LYV amount got a boost by 1.13% or $0.78 versus $69.22 at the end of the prior session. This change led market cap to move at 15.03B, putting the price 222.58% below the 52-week high and -8.62% above the 52-week low. The company’s stock has a normal trading capacity of 2.25 million shares while the relative volume is 0.92.

On 5, November 2020, Live Nation Entertainment To Present At Liberty Investor Meeting. According to news published on Yahoo Finance, Live Nation Entertainment, Inc. (NYSE: LYV), the world’s leading live entertainment company, today announced that Michael Rapino, Live Nation Entertainment’s President and Chief Executive Officer, will be presenting at Liberty’s Investor Meeting at approximately 8:45 a.m. PT on Thursday, November 19, 2020. During the presentation, Mr. Rapino may discuss the company’s financial performance, operational outlook, and other forward-looking matters.

Analyst Birdseye View:

The most recent analyst activity for Live Nation Entertainment Inc. [NYSE:LYV] stock was on October 27, 2020, when it was Downgrade with a Hold rating from Jefferies, which also raised its 12-month price target on the stock from $55 to $57. Before that, on November 30, 2020, Macquarie Recapitulated a Neutral rating and elevated its amount target to $65. On March 31, 2020, Berenberg Downgrade a Hold rating. On March 24, 2020, Citigroup Upgrade a Neutral rating and decreased its price target from $63 to $35. On January 27, 2020, Cowen Initiated an Outperform rating and increased its price target to $85. On November 12, 2019, Evercore ISI Upgrade an Outperform rating. On October 08, 2019, Morgan Stanley Initiated an Equal-weight rating and boosted its target amount on this stock to $75. On October 02, 2019, Jefferies Initiated a Buy rating and amplified its amount target to $84.

In the past 52 weeks of trading, this stock has oscillated between a low of $21.70 and a peak of $76.60. Right now, the middling Wall Street analyst 12-month amount mark is $63.00. At the most recent market close, shares of Live Nation Entertainment Inc. [NYSE:LYV] were valued at $70.00. According to the average price forecast, investors can expect a potential return of 4.33%.

FUNDAMENTAL ANALYSIS

Live Nation Entertainment Inc. [NYSE:LYV] most recently reported quarterly sales of 184.0 million, which represented growth of -95.10%. This publicly-traded organization’s revenue is $1,099,807 per employee, while its income is -$465 per employee. This company’s Gross Margin is currently 25.00%, its Operating Margin is -29.90%, its Pretax Margin is +1.60, and its Net Margin is -0.04. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -0.05, -0.43, 5.76 and -0.10 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 80.75 and the whole liability to whole assets at 43.78. It shows enduring liability to the whole principal at 78.06 and enduring liability to assets at 0.42 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 69.60 points at 1st support level, the second support level is making up to 69.20. But as of 1st resistance point, this stock is sitting at 70.31 and at 70.63 for 2nd resistance point.

Live Nation Entertainment Inc. [LYV] reported its earnings at -$2.45 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$2.2/share signifying the difference of -0.25 and -11.40% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$2.67 calling estimates for -$2.08/share with the difference of -0.59 depicting the surprise of -28.40%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Live Nation Entertainment Inc. [NYSE:LYV] is 1.10. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.60. Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.30 and it’s amount to book ratio is 13.33.

Insider Stories

The most recent insider trade was by HINSON JEFFREY T., Director, and it was the sale of 3000.0 shares on Jun 05. Willard Elizabeth Kathleen, the EVP & Chief Financial Officer, completed a sale of 68040.0 shares on Jun 04. On Mar 13, Fu Ping, Director, completed a purchase of 2000.0 shares.