Live Nation Entertainment Inc (NYSE: LYV) is -1.49% lower on its value in year-to-date trading and has touched a low of $64.96 and a high of $107.24 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LYV stock was last observed hovering at around $99.77 in the last trading session, with the day’s loss setting it -7.56%.
Currently trading at $92.21, the stock is -11.26% and -6.24% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.06 million and changing -7.58% at the moment leaves the stock 2.52% off its SMA200. LYV registered 33.72% gain for a year compared to 6-month gain of 9.06%.
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The stock witnessed a -11.14% loss in the last 1 month and extending the period to 3 months gives it a 1.78%, and is -10.24% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.55% over the week and 1.98% over the month.
Live Nation Entertainment Inc (LYV) has around 14700 employees, a market worth around $21.28B and $22.75B in sales. Current P/E ratio is 70.21 and Fwd P/E is 40.63. Profit margin for the company is 1.39%. Distance from 52-week low is 41.95% and -14.02% from its 52-week high. The company has generated returns on investments over the last 12 months (4.43%).
The EPS is expected to grow by 33.67% this year.
Live Nation Entertainment Inc (LYV) Top Institutional Holders
The shares outstanding are 233.30M, and float is at 143.80M with Short Float at 9.58%.
Live Nation Entertainment Inc (LYV) Insider Activity
The most recent transaction is an insider sale by HINSON JEFFREY T.,the company’sDirector. SEC filings show that HINSON JEFFREY T. sold 1,001 shares of the company’s common stock on Mar 08 ’24 at a price of $100.50 per share for a total of $0.1 million. Following the sale, the insider now owns 59374.0 shares.
Live Nation Entertainment Inc disclosed in a document filed with the SEC on Feb 27 ’24 that Fu Ping (Director) sold a total of 1,500 shares of the company’s common stock. The trade occurred on Feb 27 ’24 and was made at $93.67 per share for $0.14 million. Following the transaction, the insider now directly holds 14714.0 shares of the LYV stock.
Still, SEC filings show that on Dec 15 ’23, Berchtold Joe (President & CFO) disposed off 119,100 shares at an average price of $92.91 for $11.07 million. The insider now directly holds 442,107 shares of Live Nation Entertainment Inc (LYV).
