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Liberty Media Corp. (LSXMK) Is Down -12.06% in 2024 With Lots of Room to Run

Liberty Media Corp. (NASDAQ: LSXMK) is -12.06% lower on its value in year-to-date trading and has touched a low of $19.58 and a high of $31.67 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 LSXMK stock was last observed hovering at around $24.70 in the last trading session, with the day’s gains setting it 0.61%.

Currently trading at $25.31, the stock is -5.27% and -11.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.74 million and changing 2.47% at the moment leaves the stock -5.43% off its SMA200. LSXMK registered 15.01% gain for a year compared to 6-month gain of 1.20%.

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The stock witnessed a -11.93% loss in the last 1 month and extending the period to 3 months gives it a -18.22%, and is 3.48% up 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 2.43% over the week and 2.65% over the month.

Current P/E ratio is 13.29 and Fwd P/E is 8.23. Profit margin for the company is 10.15%. Distance from 52-week low is 29.29% and -20.07% from its 52-week high. The company has generated returns on investments over the last 12 months (4.37%).

The EPS is expected to grow by 16.29% this year.

Liberty Media Corp. (LSXMK) Top Institutional Holders

The shares outstanding are 326.59M, and float is at 195.86M with Short Float at 2.83%.

Liberty Media Corp. (LSXMK) Insider Activity

The most recent transaction is an insider purchase by BERKSHIRE HATHAWAY INC,the company’s10% Owner. SEC filings show that BERKSHIRE HATHAWAY INC bought 413,227 shares of the company’s common stock on Apr 12 ’24 at a price of $25.58 per share for a total of $10.57 million. Following the purchase, the insider now owns 69.04 million shares.

Liberty Media Corp. disclosed in a document filed with the SEC on Apr 12 ’24 that BERKSHIRE HATHAWAY INC (10% Owner) bought a total of 317,017 shares of the company’s common stock. The trade occurred on Apr 12 ’24 and was made at $25.67 per share for $8.14 million. Following the transaction, the insider now directly holds 34.68 million shares of the LSXMK stock.

Still, SEC filings show that on Apr 11 ’24, BERKSHIRE HATHAWAY INC (10% Owner) acquired 208,000 shares at an average price of $26.13 for $5.44 million. The insider now directly holds 68,631,017 shares of Liberty Media Corp. (LSXMK).

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