Live Nation Entertainment Inc (NYSE: LYV) has seen a decline in its stock price by -0.30 in relation to its previous close of 137.76. However, the company has experienced a -2.27% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-12-03 that LOS ANGELES, Dec. 3, 2024 /PRNewswire/ — Live Nation Entertainment, Inc. (NYSE: LYV) (the “company”) today announced that it intends to offer, subject to market and other conditions, $1.0 billion in aggregate principal amount of convertible senior notes due 2030 (the “Convertible Notes”). The company intends to use the net proceeds from the Convertible Notes offering (i) to finance the repurchase of a portion of its 2.00% convertible senior notes due 2025 (the “existing convertible notes”) in one or more separate and individually negotiated transactions with a limited number of current holders of the existing convertible notes, (ii) to repay outstanding amounts under the company’s existing revolving credit facility, (iii) to pay related fees and expenses and (iv) for general corporate purposes, which may include the repayment or repurchase of certain of its outstanding indebtedness.
Is It Worth Investing in Live Nation Entertainment Inc (NYSE: LYV) Right Now?
The price-to-earnings ratio for Live Nation Entertainment Inc (NYSE: LYV) is above average at 147.07x, Company’s 36-month beta value is 1.37.Analysts have differing opinions on the stock, with 14 analysts rating it as a “buy,” 5 as “overweight,” 1 as “hold,” and 1 as “sell.”
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The public float for LYV is 154.26M, and currently, short sellers hold a 9.68% ratio of that floaft. The average trading volume of LYV on December 04, 2024 was 2.32M shares.
LYV’s Market Performance
LYV’s stock has seen a -2.27% decrease for the week, with a 17.24% rise in the past month and a 44.18% gain in the past quarter. The volatility ratio for the week is 1.63%, and the volatility levels for the past 30 days are at 2.18% for Live Nation Entertainment Inc The simple moving average for the past 20 days is 3.86% for LYV’s stock, with a 34.27% simple moving average for the past 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 13.51% 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 -2.71% of loss for the given period.
Volatility was left at 2.18%, however, over the last 30 days, the volatility rate increased by 1.63%, as shares surge +17.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +31.23% upper at present.
During the last 5 trading sessions, LYV fell by -2.27%, which changed the moving average for the period of 200-days by +47.29% in comparison to the 20-day moving average, which settled at $132.24. In addition, Live Nation Entertainment Inc saw 46.74% 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 1.47. 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 a nutshell, Live Nation Entertainment Inc (LYV) 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.
