MSG Networks Inc. (NYSE:MSGN) went down by -4.39% from its latest closing price compared to the recent 1-year high of $18.54. The company’s stock price has collected -5.18% of loss in the last five trading sessions. Barron’s reported on 09/18/20 that How to Invest for a Post-Covid World
Is It Worth Investing in MSG Networks Inc. (NYSE :MSGN) Right Now?
MSG Networks Inc. (NYSE:MSGN) scored a price-to-earnings ratio above its average ratio, recording 3.08 x from its present earnings ratio. Plus, the 36-month beta value for MSGN is at 0.88. Opinions of the stock are interesting as 1 analysts out of 7 who provided ratings for MSG Networks Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 3 rated it as “hold,” and 3 as “sell.”
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The average price from analysts is $10.60, which is $3.56 above the current price. MSGN currently public float of 40.77M and currently shorts hold a 27.72% ratio of that float. Today, the average trading volume of MSGN was 477.61K shares.
MSGN’s Market Performance
MSGN stocks went down by -5.18% for the week, with a monthly drop of -4.49% and a quarterly performance of -7.11%, while its annual performance rate touched -43.31%. The volatility ratio for the week stands at 4.82% while the volatility levels for the past 30 days are set at 4.64% for MSG Networks Inc.. The simple moving average for the period of the last 20 days is -6.94% for MSGN stocks with a simple moving average of -24.93% for the last 200 days.
Analysts’ Opinion of MSGN
Many brokerage firms have already submitted their reports for MSGN stocks, with Guggenheim repeating the rating for MSGN by listing it as a “Neutral.” The predicted price for MSGN in the upcoming period, according to Guggenheim is $10 based on the research report published on August 14th of the current year 2020.
Wolfe Research, on the other hand, stated in their research note that they expect to see MSGN reach a price target of $8. The rating they have provided for MSGN stocks is “Underperform” according to the report published on June 25th, 2020.
Guggenheim gave a rating of “Sell” to MSGN, setting the target price at $15 in the report published on November 19th of the previous year.
MSGN Trading at -9.02% from the 50-Day Moving Average
After a stumble in the market that brought MSGN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -50.66% of loss for the given period.
Volatility was left at 4.64%, however, over the last 30 days, the volatility rate increased by 4.82%, as shares sank -9.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.91% lower at present.
During the last 5 trading sessions, MSGN fell by -5.18%, which changed the moving average for the period of 200-days by -45.11% in comparison to the 20-day moving average, which settled at $9.78. In addition, MSG Networks Inc. saw -47.41% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at MSGN starting from Burian Lawrence J., who sale 6,714 shares at the price of $10.00 back on Sep 22. After this action, Burian Lawrence J. now owns 0 shares of MSG Networks Inc., valued at $67,140 using the latest closing price.
Burian Lawrence J., the EVP and General Counsel of MSG Networks Inc., sale 2,397 shares at $10.28 during a trade that took place back on Sep 10, which means that Burian Lawrence J. is holding 0 shares at $24,641 based on the most recent closing price.
Stock Fundamentals for MSGN
Current profitability levels for the company are sitting at:
- +43.01 for the present operating margin
- +57.71 for the gross margin
The net margin for MSG Networks Inc. stands at +27.01. The total capital return value is set at 53.31, while invested capital returns managed to touch 38.90. Equity return is now at value -30.20, with 21.60 for asset returns.
Currently, EBITDA for the company is 85.11M with total debt to EBITDA at 3.58. When we switch over and look at the enterprise to sales, we see a ratio of 2.24, with the company’s debt to enterprise value settled at 0.72. The receivables turnover for the company is 5.60 and the total asset turnover is 0.80. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.49.