What to know about Sinclair Inc (SBGI)’s sales and margins

Sinclair Inc [SBGI] stock is trading at $18.05, down -0.33%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SBGI shares have gain 9.39% over the last week, with a monthly amount glided 5.80%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Sinclair Inc [NASDAQ: SBGI] stock has seen the most recent analyst activity on November 07, 2024, when Wells Fargo upgraded its rating to a Equal Weight and also boosted its price target to $19 from $13. Previously, JP Morgan downgraded its rating to Underweight on December 08, 2022, and dropped its price target to $16. On November 03, 2022, downgrade downgraded it’s rating to Underweight and revised its price target to $16 on the stock. Wells Fargo upgraded its rating to a Overweight and increased its price target to $33 on May 05, 2022. Rosenblatt initiated its recommendation with a Neutral and recommended $21 as its price target on April 19, 2022. In a note dated December 17, 2020, Wells Fargo upgraded an Equal Weight rating on this stock and boosted its target price from $24 to $31.

Sinclair Inc [SBGI] stock has fluctuated between $11.13 and $18.27 over the past year. Currently, Wall Street analysts expect the stock to reach $25.74 within the next 12 months. Sinclair Inc [NASDAQ: SBGI] shares were valued at $18.05 at the most recent close of the market. An investor can expect a potential return of 42.6% based on the average SBGI price forecast.

Analyzing the SBGI fundamentals

Sinclair Inc [NASDAQ:SBGI] reported sales of 3.37B for the trailing twelve months, which represents a growth of 19.56%. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.09%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -3.85 and Total Capital is -0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -5.56.

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 17.83 points at the first support level, and at 17.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.36, and for the 2nd resistance point, it is at 18.68.

Ratios To Look Out For

For context, Sinclair Inc’s Current Ratio is 1.91. As well, the Quick Ratio is 1.91, while the Cash Ratio is 0.76. Considering the valuation of this stock, the price to sales ratio is 0.36, the price to book ratio is 2.89.

Transactions by insiders

Recent insider trading involved BOCHENEK DAVID R, Chief Accounting Officer, that happened on Mar 11 ’24 when 20803.0 shares were sold. Director, KEITH DANIEL C completed a deal on Mar 05 ’24 to sell 30086.0 shares. Meanwhile, SVP & General Counsel Gibber David B sold 20607.0 shares on Dec 28 ’23.

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