At the time of writing, Live Nation Entertainment Inc [LYV] stock is trading at $107.43, up 2.65%. 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 4.38% over the last week, with a monthly amount glided 11.00%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Live Nation Entertainment Inc [NYSE: LYV] stock has seen the most recent analyst activity on September 04, 2024, when BofA Securities initiated its Buy rating and assigned the stock a price target of $125. Previously, Northcoast downgraded its rating to Neutral on May 28, 2024. On May 09, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $115 on the stock. Deutsche Bank started tracking the stock assigning a Buy rating and suggested a price target of $120 on April 30, 2024. ROTH MKM upgraded its rating to a Buy and raised its price target to $114 on January 12, 2024. Morgan Stanley upgraded its rating to Overweight for this stock on December 14, 2023, and upped its price target to $110. In a note dated October 26, 2023, Evercore ISI upgraded an Outperform rating on this stock but restated the target price of $100.
For the past year, the stock price of Live Nation Entertainment Inc fluctuated between $76.48 and $107.24. Currently, Wall Street analysts expect the stock to reach $113.7 within the next 12 months. Live Nation Entertainment Inc [NYSE: LYV] shares were valued at $107.43 at the most recent close of the market. An investor can expect a potential return of 5.84% based on the average LYV price forecast.
Analyzing the LYV fundamentals
According to Live Nation Entertainment Inc [NYSE:LYV], the company’s sales were 23.81B for trailing twelve months, which represents an 6.97% jump. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.04%, 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 45.07 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-147.69.
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 105.50 points at the first support level, and at 103.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 108.66, and for the 2nd resistance point, it is at 109.89.
Ratios To Look Out For
It is important to note that Live Nation Entertainment Inc [NYSE:LYV] has a current ratio of 0.92. Also, the Quick Ratio is 0.92, while the Cash Ratio stands at 0.55. Considering the valuation of this stock, the price to sales ratio is 1.04 and price to earnings (TTM) ratio is 102.71.
Transactions by insiders
Recent insider trading involved Berchtold Joe, President & CFO, that happened on Sep 12 ’24 when 29310.0 shares were sold. President & CEO, Rapino Michael completed a deal on Sep 12 ’24 to sell 98849.0 shares. Meanwhile, EVP & General Counsel Rowles Michael sold 35000.0 shares on Sep 11 ’24.
