Sinclair Inc (NASDAQ: SBGI) has experienced a rise in its stock price by 12.20 compared to its previous closing price of 13.28. However, the company has seen a gain of 12.03% in its stock price over the last five trading days. 24/7 Wall Street reported 2024-04-19 that 8.47% $1,694 Total: $10,012 Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored) Take the quiz below to get matched with a financial advisor today.
Is It Worth Investing in Sinclair Inc (NASDAQ: SBGI) Right Now?
Company’s 36-month beta value is 1.51.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SBGI is 37.50M, and currently, short sellers hold a 9.56% ratio of that floaft. The average trading volume of SBGI on May 09, 2024 was 421.73K shares.
SBGI’s Market Performance
SBGI’s stock has seen a 12.03% increase for the week, with a 24.27% rise in the past month and a 6.24% gain in the past quarter. The volatility ratio for the week is 3.31%, and the volatility levels for the past 30 days are at 3.87% for Sinclair Inc The simple moving average for the past 20 days is 19.03% for SBGI’s stock, with a 14.61% simple moving average for the past 200 days.
Analysts’ Opinion of SBGI
Many brokerage firms have already submitted their reports for SBGI stocks, with JP Morgan repeating the rating for SBGI by listing it as a “Underweight.” The predicted price for SBGI in the upcoming period, according to JP Morgan is $16 based on the research report published on December 08, 2022 of the previous year 2022.
Wells Fargo, on the other hand, stated in their research note that they expect to see SBGI reach a price target of $16, previously predicting the price at $30. The rating they have provided for SBGI stocks is “Underweight” according to the report published on November 03rd, 2022.
Wells Fargo gave a rating of “Overweight” to SBGI, setting the target price at $33 in the report published on May 05th of the previous year.
SBGI Trading at 16.73% from the 50-Day Moving Average
After a stumble in the market that brought SBGI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.27% of loss for the given period.
Volatility was left at 3.87%, however, over the last 30 days, the volatility rate increased by 3.31%, as shares surge +23.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.28% upper at present.
During the last 5 trading sessions, SBGI rose by +14.85%, which changed the moving average for the period of 200-days by +10.45% in comparison to the 20-day moving average, which settled at $12.67. In addition, Sinclair Inc saw 14.35% 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 SBGI starting from BOCHENEK DAVID R, who sale 20,803 shares at the price of $13.44 back on Mar 11 ’24. After this action, BOCHENEK DAVID R now owns 0 shares of Sinclair Inc, valued at $279,592 using the latest closing price.
KEITH DANIEL C, the Director of Sinclair Inc, sale 30,086 shares at $13.58 during a trade that took place back on Mar 05 ’24, which means that KEITH DANIEL C is holding 30,000 shares at $408,442 based on the most recent closing price.
Stock Fundamentals for SBGI
Current profitability levels for the company are sitting at:
- -0.09 for the present operating margin
- 0.45 for the gross margin
The net margin for Sinclair Inc stands at -0.09. The total capital return value is set at -0.05. Equity return is now at value -56.34, with -4.28 for asset returns.
Based on Sinclair Inc (SBGI), the company’s capital structure generated 0.94 points at debt to capital in total, while cash flow to debt ratio is standing at 0.06. The debt to equity ratio resting at 14.65. The interest coverage ratio of the stock is -0.95.
Currently, EBITDA for the company is 33.0 million with net debt to EBITDA at -83.77. When we switch over and look at the enterprise to sales, we see a ratio of 1.49. The receivables turnover for the company is 5.02for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.34.
Conclusion
In a nutshell, Sinclair Inc (SBGI) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
