Live Nation Entertainment Inc (NYSE: LYV) has a higher price-to-earnings ratio of 148.70x compared to its average ratio, The 36-month beta value for LYV is at 1.37. Analysts have varying views on the stock, with 14 analysts rating it as a “buy,” 5 rating it as “overweight,” 2 as “hold,” and 1 as “sell.”
The public float for LYV is 154.56M, and currently, shorts hold a 8.60% of that float. The average trading volume for LYV on November 27, 2024 was 2.27M shares.
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LYV) stock’s latest price update
Live Nation Entertainment Inc (NYSE: LYV)’s stock price has plunge by -1.19relation to previous closing price of 140.54. Nevertheless, the company has seen a 3.30% surge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-24 that I downgraded Live Nation Entertainment from a buy to a hold due to its high share price, limiting upside potential despite strong growth prospects. 3Q24 results showed a revenue decline but a 4.4% increase in adjusted operating income, indicating efficient cost management. Demand remains robust with strong fan growth, new venue openings, and increased sponsorships, supporting long-term growth.
LYV’s Market Performance
Live Nation Entertainment Inc (LYV) has experienced a 3.30% rise in stock performance for the past week, with a 17.26% rise in the past month, and a 43.24% rise in the past quarter. The volatility ratio for the week is 1.98%, and the volatility levels for the past 30 days are at 2.22% for LYV. The simple moving average for the last 20 days is 8.47% for LYV stock, with a simple moving average of 37.02% for the last 200 days.
Analysts’ Opinion of LYV
Many brokerage firms have already submitted their reports for LYV stocks, with BofA Securities repeating the rating for LYV by listing it as a “Buy.” The predicted price for LYV in the upcoming period, according to BofA Securities is $125 based on the research report published on September 04, 2024 of the current year 2024.
Redburn Atlantic gave a rating of “Buy” to LYV, setting the target price at $115 in the report published on May 09th of the current year.
LYV Trading at 17.44% 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 -1.64% of loss for the given period.
Volatility was left at 2.22%, however, over the last 30 days, the volatility rate increased by 1.98%, as shares surge +16.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +34.93% upper at present.
During the last 5 trading sessions, LYV rose by +3.30%, which changed the moving average for the period of 200-days by +55.16% in comparison to the 20-day moving average, which settled at $128.02. In addition, Live Nation Entertainment Inc saw 48.37% 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 Berchtold Joe, who sale 29,310 shares at the price of $97.50 back on Sep 12 ’24. After this action, Berchtold Joe now owns 566,722 shares of Live Nation Entertainment Inc, valued at $2,857,676 using the latest closing price.
Rapino Michael, the President & CEO of Live Nation Entertainment Inc, sale 98,849 shares at $97.50 during a trade that took place back on Sep 12 ’24, which means that Rapino Michael is holding 3,702,115 shares at $9,637,778 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 90.38, with 1.18 for asset returns.
Based on Live Nation Entertainment Inc (LYV), the company’s capital structure generated 0.96 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 21.72. The interest coverage ratio of the stock is 2.89.
Currently, EBITDA for the company is 1.85 billion with net debt to EBITDA at 1.47. 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 8.65for trailing twelve months and the total asset turnover is 1.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.01.
Conclusion
In conclusion, Live Nation Entertainment Inc (LYV) has had a better performance lately. Opinion on the stock among analysts is mixed, 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.
