A share price of Live Nation Entertainment Inc [LYV] is currently trading at $102.74, up 1.30%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The LYV shares have gain 0.32% over the last week, with a monthly amount glided 0.82%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Live Nation Entertainment Inc [NYSE: LYV] stock has seen the most recent analyst activity on January 12, 2024, when ROTH MKM upgraded its rating to a Buy and also boosted its price target to $114 from $92. Previously, Morgan Stanley upgraded its rating to Overweight on December 14, 2023, and elevated its price target to $110. On October 26, 2023, upgrade upgraded it’s rating to Outperform but maintained its price target of $100 on the stock. Oppenheimer started tracking the stock assigning a Outperform rating and suggested a price target of $110 on July 21, 2023. Seaport Research Partners initiated its recommendation with a Buy and recommended $85 as its price target on April 24, 2023. In a note dated March 20, 2023, Northcoast upgraded an Buy rating on this stock but restated the target price of $85.
Live Nation Entertainment Inc experienced fluctuations in its stock price throughout the past year between $64.96 and $107.24. Currently, Wall Street analysts expect the stock to reach $108.57 within the next 12 months. Live Nation Entertainment Inc [NYSE: LYV] shares were valued at $102.74 at the most recent close of the market. An investor can expect a potential return of 5.67% based on the average LYV price forecast.
Analyzing the LYV fundamentals
Trailing Twelve Months sales for Live Nation Entertainment Inc [NYSE:LYV] were 22.75B which represents 36.08% growth. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is -5.08 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -492.06.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 101.26 points at the first support level, and at 99.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 103.56, and for the 2nd resistance point, it is at 104.38.
Live Nation Entertainment Inc [LYV] reported earnings per share of -$1.25 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$1.04/share, meaning a difference of -$0.21 and a surprise factor of -20.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.78 per share as compared to estimates of $1.27 per share, a difference of $0.51 representing a surprise of 40.20%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Live Nation Entertainment Inc [NYSE:LYV] is 0.96. Also, the Quick Ratio is 0.96, while the Cash Ratio stands at 0.63. Considering the valuation of this stock, the price to sales ratio is 1.04 and price to earnings (TTM) ratio is 78.23.
Transactions by insiders
Recent insider trading involved HINSON JEFFREY T., Director, that happened on Mar 08 ’24 when 1001.0 shares were sold. Director, Fu Ping completed a deal on Feb 27 ’24 to sell 1500.0 shares. Meanwhile, President & CFO Berchtold Joe sold 0.12 million shares on Dec 15 ’23.
