Sinclair Inc (NASDAQ: SBGI) is -8.61% lower on its value in year-to-date trading and has touched a low of $11.13 and a high of $18.45 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 SBGI stock was last observed hovering at around $14.85 in the last trading session, with the day’s loss setting it -0.1%.
Currently trading at $14.75, the stock is -7.84% and -11.68% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.2 million and changing -0.67% at the moment leaves the stock 0.71% off its SMA200. SBGI registered -8.10% loss for a year compared to 6-month gain of 1.10%. The firm has a 50-day simple moving average (SMA 50) of $16.6998 and a 200-day simple moving average (SMA200) of $14.64655.
The stock witnessed a -14.84% loss in the last 1 month and extending the period to 3 months gives it a -15.86%, and is -5.75% 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 4.00% over the week and 4.06% over the month.
Sinclair Inc (SBGI) has around 7300 employees, a market worth around $979.70M and $3.37B in sales. Profit margin for the company is -6.14%. Distance from 52-week low is 32.52% and -20.08% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.46%).
with sales reaching $1.01B over the same period.The EPS is expected to grow by 189.26% this year, but quarterly earnings will post 12.69% year-over-year. Quarterly sales are estimated to grow 22.03% in year-over-year returns.
Sinclair Inc (SBGI) Top Institutional Holders
222.0 institutions hold shares in Sinclair Inc (SBGI), with institutional investors hold 76.02% of the company’s shares. The shares outstanding are 42.58M, and float is at 38.33M with Short Float at 5.83%. Institutions hold 65.86% 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.
