Sinclair Broadcast Group Inc. [NASDAQ: SBGI] price plunged by -5.74 percent to reach at -$1.32. A sum of 1937269 shares traded at recent session while its average daily volume was at 2.19M shares. Sinclair Broadcast Group Inc. shares reached a high of $22.8588 and dropped to a low of $21.30 until finishing in the latest session at $21.68.
The one-year SBGI stock forecast points to a potential upside of 16.0. The average equity rating for SBGI stock is currently 2.40, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Sinclair Broadcast Group Inc. [SBGI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SBGI shares is $25.81 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SBGI stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for Sinclair Broadcast Group Inc. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on May 04, 2020. While these analysts kept the previous recommendation, B. Riley FBR dropped their target price from $35 to $22. The new note on the price target was released on March 18, 2020, representing the official price target for Sinclair Broadcast Group Inc. stock. Previously, the target price had yet another raise to $37, while JP Morgan analysts kept a Neutral rating on SBGI stock.
The Average True Range (ATR) for Sinclair Broadcast Group Inc. is set at 1.59, with the Price to Sales ratio for SBGI stock in the period of the last 12 months amounting to 0.30. The Price to Book ratio for the last quarter was 1.35, with the Price to Cash per share for the same quarter was set at 18.92.
SBGI Stock Performance Analysis:
Sinclair Broadcast Group Inc. [SBGI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.91. With this latest performance, SBGI shares gained by 31.67% in over the last four-week period, additionally sinking by -33.62% over the last 6 months – not to mention a drop of -57.52% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SBGI stock in for the last two-week period is set at 60.23, with the RSI for the last a single of trading hit 57.89, and the three-weeks RSI is set at 58.14 for Sinclair Broadcast Group Inc. [SBGI]. The present Moving Average for the last 50 days of trading for this stock 16.89, while it was recorded at 23.25 for the last single week of trading, and 29.58 for the last 200 days.
Insight into Sinclair Broadcast Group Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Sinclair Broadcast Group Inc. [SBGI] shares currently have an operating margin of +15.40 and a Gross Margin at +35.31. Sinclair Broadcast Group Inc.’s Net Margin is presently recorded at +1.11.
Return on Total Capital for SBGI is now 6.23, given the latest momentum, and Return on Invested Capital for the company is 0.48. Return on Equity for this stock inclined to 2.99, with Return on Assets sitting at 0.39. When it comes to the capital structure of this company, Sinclair Broadcast Group Inc. [SBGI] has a Total Debt to Total Equity ratio set at 845.07. Additionally, SBGI Total Debt to Total Capital is recorded at 89.42, with Total Debt to Total Assets ending up at 72.55. Long-Term Debt to Equity for the company is recorded at 837.82, with the Long-Term Debt to Total Capital now at 88.65.
Reflecting on the efficiency of the workforce at the company, Sinclair Broadcast Group Inc. [SBGI] managed to generate an average of $3,983 per employee. Receivables Turnover for the company is 4.62 with a Total Asset Turnover recorded at a value of 0.35.Sinclair Broadcast Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.70 and a Current Ratio set at 3.70.
SBGI Stock EPS
With the latest financial reports released by the company, Sinclair Broadcast Group Inc. posted 0.45/share EPS, while the average EPS was predicted by analysts to be reported at 0.52/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -13.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SBGI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Sinclair Broadcast Group Inc. go to 1.60%.
Sinclair Broadcast Group Inc. [SBGI] Insider Position Details
There are presently around $1,322 million, or 92.79% of SBGI stock, in the hands of institutional investors. The top three institutional holders of SBGI stocks are: VANGUARD GROUP INC with ownership of 6,202,445, which is approximately -7.085% of the company’s market cap and around 2.00% of the total institutional ownership; CONIFER MANAGEMENT, L.L.C., holding 4,154,967 shares of the stock with an approximate value of $95.56 million in SBGI stocks shares; and GOLDMAN SACHS GROUP INC, currently with $93.96 million in SBGI stock with ownership of nearly 914.084% of the company’s market capitalization.
Positions in Sinclair Broadcast Group Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 113 institutional holders increased their position in Sinclair Broadcast Group Inc. [NASDAQ:SBGI] by around 20,022,480 shares. Additionally, 157 investors decreased positions by around 24,269,978 shares, while 24 investors held positions by with 13,174,007 shares. The mentioned changes placed institutional holdings at 57,466,465 shares, according to the latest SEC report filing. SBGI stock had 46 new institutional investments in for a total of 9,900,118 shares, while 80 institutional investors sold positions of 5,531,795 shares during the same period.