The stock of Live Nation Entertainment Inc (LYV) has gone up by 5.38% for the week, with a -7.57% drop in the past month and a 7.32% rise in the past quarter. The volatility ratio for the week is 2.69%, and the volatility levels for the past 30 days are 2.36% for LYV.. The simple moving average for the past 20 days is 0.64% for LYV’s stock, with a 5.46% simple moving average for the past 200 days.
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 91.28x compared to its average ratio. LYV has 36-month beta value of 1.35. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 5 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for LYV is 144.03M, and currently, short sellers hold a 8.98% ratio of that float. The average trading volume of LYV on May 06, 2024 was 2.38M shares.
LYV) stock’s latest price update
The stock of Live Nation Entertainment Inc (NYSE: LYV) has increased by 7.24 when compared to last closing price of 88.27.Despite this, the company has seen a gain of 5.38% in its stock price over the last five trading days. The Motley Fool reported 2024-05-03 that Live Nation handily beat revenue estimates. After the stock fell in April following a report the DOJ may sue the company, its stock bounced back strong.
Analysts’ Opinion of LYV
Many brokerage firms have already submitted their reports for LYV stocks, with Deutsche Bank repeating the rating for LYV by listing it as a “Buy.” The predicted price for LYV in the upcoming period, according to Deutsche Bank is $120 based on the research report published on April 30, 2024 of the current year 2024.
ROTH MKM, on the other hand, stated in their research note that they expect to see LYV reach a price target of $114, previously predicting the price at $92. The rating they have provided for LYV stocks is “Buy” according to the report published on January 12th, 2024.
Morgan Stanley gave a rating of “Overweight” to LYV, setting the target price at $110 in the report published on December 14th of the previous year.
LYV Trading at -3.76% 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 -11.73% of loss for the given period.
Volatility was left at 2.36%, however, over the last 30 days, the volatility rate increased by 2.69%, as shares sank -8.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.25% upper at present.
During the last 5 trading sessions, LYV rose by +5.38%, which changed the moving average for the period of 200-days by -1.02% in comparison to the 20-day moving average, which settled at $93.61. In addition, Live Nation Entertainment Inc saw 1.13% 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:
- 0.04 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 0.1. Equity return is now at value 474.88, with 1.30 for asset returns.
Based on Live Nation Entertainment Inc (LYV), the company’s capital structure generated 1.01 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at -69.85. The interest coverage ratio of the stock is 2.6.
Currently, EBITDA for the company is 1.77 billion with net debt to EBITDA at 0.9. When we switch over and look at the enterprise to sales, we see a ratio of 1.0. The receivables turnover for the company is 10.27for trailing twelve months and the total asset turnover is 1.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.92.
Conclusion
To put it simply, Live Nation Entertainment Inc (LYV) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
