Sinclair Inc (NASDAQ: SBGI) is 38.53% higher on its value in year-to-date trading and has touched a low of $11.13 and a high of $18.27 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SBGI stock was last observed hovering at around $18.11 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $18.05, the stock is 7.29% and 9.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.17 million and changing -0.33% at the moment leaves the stock 27.67% off its SMA200. SBGI registered 37.05% gain for a year compared to 6-month gain of 42.46%. The firm has a 50-day simple moving average (SMA 50) of $16.3748 and a 200-day simple moving average (SMA200) of $14.12105.
The stock witnessed a 5.80% loss in the last 1 month and extending the period to 3 months gives it a 28.20%, and is 9.39% 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 3.34% over the week and 4.83% over the month.
Sinclair Inc (SBGI) has around 7300 employees, a market worth around $1.20B and $3.37B in sales. Fwd P/E is 104.15. Profit margin for the company is -6.14%. Distance from 52-week low is 62.17% and -1.23% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.46%).
The EPS is expected to grow by 189.64% this year
222.0 institutions hold shares in Sinclair Inc (SBGI), with institutional investors hold 75.82% of the company’s shares. The shares outstanding are 39.74M, and float is at 38.32M with Short Float at 6.67%. Institutions hold 65.69% of the Float.
The top institutional shareholder in the company is GAMCO INVESTORS, INC. ET AL with over 3.62 million shares valued at $48.32 million. The investor’s holdings represent 5.6498 of the SBGI Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 3.55 million shares valued at $47.28 million to account for 5.5283 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 2.63 million shares representing 4.0958 and valued at over $35.03 million, while CAPITAL MANAGEMENT CORP /VA holds 2.741 of the shares totaling 1.76 million with a market value of $23.44 million.
Sinclair Inc (SBGI) Insider Activity
The most recent transaction is an insider sale by BOCHENEK DAVID R, the company’s Chief Accounting Officer. SEC filings show that BOCHENEK DAVID R sold 20,803 shares of the company’s common stock on Mar 11 ’24 at a price of $13.44 per share for a total of $0.28 million. Following the sale, the insider now owns 0.0 shares.
Sinclair Inc disclosed in a document filed with the SEC on Mar 05 ’24 that KEITH DANIEL C (Director) sold a total of 30,086 shares of the company’s common stock. The trade occurred on Mar 05 ’24 and was made at $13.58 per share for $0.41 million. Following the transaction, the insider now directly holds 30000.0 shares of the SBGI stock.
Still, SEC filings show that on Dec 28 ’23, Gibber David B (SVP & General Counsel) disposed off 20,607 shares at an average price of $13.33 for $0.27 million. The insider now directly holds 1,949 shares of Sinclair Inc (SBGI).
