Live Nation Entertainment Inc. (NYSE:LYV) shares fell to a low of $82.35 before closing at $85.80. Intraday shares traded counted 3.49 million, which was -56.43% lower than its 30-day average trading volume of 2.23M. LYV’s previous close was $81.23 while the outstanding shares total 214.53M. The firm has a beta of 1.38. The stock’s Relative Strength Index (RSI) is 57.15, with weekly volatility at 4.79% and ATR at 3.10. The LYV stock’s 52-week price range has touched low of $36.01 and a $94.63 high. The stock traded higher over the last trading session, gaining 5.63% on 05/14/21.
Investors have identified the Entertainment company Live Nation Entertainment 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 $17.76 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.
Live Nation Entertainment Inc. (LYV) 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 LYV, the company has in raw cash 3.02 billion on their books with 37.27 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 a decline. In terms of their assets, the company currently has 4.1 billion total, with 3.82 billion as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 0.92 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 LYV sounds very interesting.
Is the stock of LYV attractive?
In related news, President, Berchtold Joe sold 85,000 shares of the company’s stock in a transaction that recorded on Mar 12. The sale was performed at an average price of 87.84, for a total value of 7,466,592. As the sale deal closes, the EVP & Chief Financial Officer, Willard Elizabeth Kathleen now sold 81,500 shares of the company’s stock, valued at 7,146,977. Also, President, Berchtold Joe sold 85,000 shares of the company’s stock in a deal that was recorded on Mar 11. The shares were price at an average price of 88.83 per share, with a total market value of 7,550,893. Following this completion of acquisition, the President, Berchtold Joe now holds 85,000 shares of the company’s stock, valued at 7,465,550. In the last 6 months, insiders have changed their ownership in shares of company stock by 2.20%.
6 out of 17 analysts covering the stock have rated it a Buy, while 7 have maintained a Hold recommendation on Live Nation Entertainment Inc.. 1 analysts has assigned a Sell rating on the LYV stock. The 12-month mean consensus price target for the company’s shares has been set at $85.00.