Sinclair Broadcast Group Inc. (NASDAQ:SBGI) shares fell to a low of $32.8355 before closing at $33.05. Intraday shares traded counted 0.44 million, which was 51.97% higher than its 30-day average trading volume of 924.64K. SBGI’s previous close was $32.82 while the outstanding shares total 74.81M. The firm has a beta of 1.62. The stock’s Relative Strength Index (RSI) is 56.52, with weekly volatility at 3.41% and ATR at 1.36. The SBGI stock’s 52-week price range has touched low of $10.57 and a $37.04 high. The stock traded higher over the last trading session, gaining 0.70% on 02/19/21.
Investors have identified the Broadcasting company Sinclair Broadcast Group Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $2.43 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Sinclair Broadcast Group Inc. (SBGI) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For SBGI, the company has in raw cash 632.0 million on their books with 72.0 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 2.54 billion total, with 974.0 million as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 1.26 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on SBGI sounds very interesting.
Is the stock of SBGI attractive?
In related news, Director, Legg Benson E sold 4,000 shares of the company’s stock in a transaction that recorded on Dec 29. The sale was performed at an average price of 31.43, for a total value of 125,737. As the sale deal closes, the Director, KEITH DANIEL C now sold 9,773 shares of the company’s stock, valued at 282,135. Also, Director, KEITH DANIEL C sold 10,827 shares of the company’s stock in a deal that was recorded on Dec 16. The shares were price at an average price of 28.83 per share, with a total market value of 312,125. Following this completion of acquisition, the Vice President, SMITH FREDERICK G now holds 300,000 shares of the company’s stock, valued at 8,616,000. In the last 6 months, insiders have changed their ownership in shares of company stock by 2.40%.
2 out of 8 analysts covering the stock have rated it a Buy, while 6 have maintained a Hold recommendation on Sinclair Broadcast Group Inc.. 0 analysts has assigned a Sell rating on the SBGI stock. The 12-month mean consensus price target for the company’s shares has been set at $26.00.