The stock of Live Nation Entertainment Inc (NYSE: LYV) has increased by 0.82 when compared to last closing price of 91.87.Despite this, the company has seen a gain of 2.81% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-12 that Live Nation Entertainment remains a buy with a positive long-term growth outlook and strong 2Q24 results. Strong underlying demand indicators include ticket sales growth, venue expansion, and increased spending per fan. Positive AOI growth improves balance sheet strength, allowing for potential share buybacks and higher CAPEX funding.
Is It Worth Investing in Live Nation Entertainment Inc (NYSE: LYV) Right Now?
Live Nation Entertainment Inc (NYSE: LYV) has a price-to-earnings ratio of 88.55x that is above its average ratio. Additionally, the 36-month beta value for LYV is 1.34. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 5 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for LYV is 153.64M and currently, short sellers hold a 8.00% ratio of that float. The average trading volume of LYV on August 14, 2024 was 2.06M shares.
LYV’s Market Performance
LYV stock saw a decrease of 2.81% in the past week, with a monthly decline of -4.68% and a quarterly a decrease of -3.34%. The volatility ratio for the week is 2.06%, and the volatility levels for the last 30 days are 2.68% for Live Nation Entertainment Inc (LYV). The simple moving average for the past 20 days is -0.50% for LYV’s stock, with a -0.17% simple moving average for the past 200 days.
Analysts’ Opinion of LYV
Redburn Atlantic, on the other hand, stated in their research note that they expect to see LYV reach a price target of $115, previously predicting the price at $114. The rating they have provided for LYV stocks is “Buy” according to the report published on May 09th, 2024.
Deutsche Bank gave a rating of “Buy” to LYV, setting the target price at $120 in the report published on April 30th of the current year.
LYV Trading at -0.40% 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 -13.63% of loss for the given period.
Volatility was left at 2.68%, however, over the last 30 days, the volatility rate increased by 2.06%, as shares sank -4.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.21% lower at present.
During the last 5 trading sessions, LYV rose by +2.41%, which changed the moving average for the period of 200-days by +18.14% in comparison to the 20-day moving average, which settled at $92.86. In addition, Live Nation Entertainment Inc saw -1.04% in overturn over a single year, with a tendency to cut further losses.
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 0.11. Equity return is now at value 474.88, with 1.27 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 0.18. The debt to equity ratio resting at -147.69. The interest coverage ratio of the stock is 2.84.
Currently, EBITDA for the company is 1.77 billion with net debt to EBITDA at 0.94. When we switch over and look at the enterprise to sales, we see a ratio of 0.97. The receivables turnover for the company is 9.66for trailing twelve months and the total asset turnover is 1.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.92.
Conclusion
In conclusion, Live Nation Entertainment Inc (LYV) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
