Live Nation Entertainment Inc (NYSE: LYV) has seen a rise in its stock price by 0.63 in relation to its previous close of 104.22. However, the company has experienced a -1.15% decline in its stock price over the last five trading sessions. Schaeffers Research reported 2024-04-01 that Entertainment stock Live Nation Entertainment Inc (NYSE:LYV) is hovering near two-year highs, though today its trading 0.5% lower at $105.32 at last glance, and pacing pacing for its fourth daily loss in six.
Is It Worth Investing in Live Nation Entertainment Inc (NYSE: LYV) Right Now?
Live Nation Entertainment Inc (NYSE: LYV) has a higher price-to-earnings ratio of 79.86x compared to its average ratio, The 36-month beta value for LYV is at 1.31. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 5 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for LYV is 143.78M, and currently, shorts hold a 9.72% of that float. The average trading volume for LYV on April 03, 2024 was 2.23M shares.
LYV’s Market Performance
LYV’s stock has seen a -1.15% decrease for the week, with a 7.96% rise in the past month and a 12.05% gain in the past quarter. The volatility ratio for the week is 2.31%, and the volatility levels for the past 30 days are at 2.04% for Live Nation Entertainment Inc The simple moving average for the last 20 days is 1.70% for LYV stock, with a simple moving average of 17.52% for the last 200 days.
Analysts’ Opinion of LYV
Many brokerage firms have already submitted their reports for LYV stocks, with ROTH MKM repeating the rating for LYV by listing it as a “Buy.” The predicted price for LYV in the upcoming period, according to ROTH MKM is $114 based on the research report published on January 12, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see LYV reach a price target of $110, previously predicting the price at $100. The rating they have provided for LYV stocks is “Overweight” according to the report published on December 14th, 2023.
Evercore ISI gave a rating of “Outperform” to LYV, setting the target price at $100 in the report published on October 26th of the previous year.
LYV Trading at 9.55% from the 50-Day Moving Average
After a stumble in the market that brought LYV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.20% of loss for the given period.
Volatility was left at 2.04%, however, over the last 30 days, the volatility rate increased by 2.31%, as shares surge +6.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.03% upper at present.
During the last 5 trading sessions, LYV fell by -1.15%, which changed the moving average for the period of 200-days by +20.44% in comparison to the 20-day moving average, which settled at $103.43. In addition, Live Nation Entertainment Inc saw 12.05% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LYV starting from HINSON JEFFREY T., who sale 1,001 shares at the price of $100.50 back on Mar 08 ’24. After this action, HINSON JEFFREY T. now owns 59,374 shares of Live Nation Entertainment Inc, valued at $100,600 using the latest closing price.
Fu Ping, the Director of Live Nation Entertainment Inc, sale 1,500 shares at $93.67 during a trade that took place back on Feb 27 ’24, which means that Fu Ping is holding 14,714 shares at $140,505 based on the most recent closing price.
Stock Fundamentals for LYV
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.24 for the gross margin
The net margin for Live Nation Entertainment Inc stands at 0.02. The total capital return value is set at 0.12. Equity return is now at value 474.88, with 1.78 for asset returns.
Based on Live Nation Entertainment Inc (LYV), the company’s capital structure generated 1.0 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at -492.06. The interest coverage ratio of the stock is 3.04.
Currently, EBITDA for the company is 1.77 billion with net debt to EBITDA at 1.25. When we switch over and look at the enterprise to sales, we see a ratio of 1.16. The receivables turnover for the company is 10.77for trailing twelve months and the total asset turnover is 1.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.96.
Conclusion
In conclusion, Live Nation Entertainment Inc (LYV) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
