Market cap of Live Nation Entertainment Inc. [LYV] reaches 17.93B – now what?

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Live Nation Entertainment Inc. [NYSE: LYV] slipped around -1.37 points on Thursday, while shares priced at $79.50 at the close of the session, down -1.69%. The company report on August 16, 2021 that Rock & Roll Hall of Fame Band KISS Announces Exclusive Las Vegas Engagement at Zappos Theater at Planet Hollywood Resort & Casino Beginning Wednesday, December 29, 2021.

Tickets on sale Friday, August 20 at 10 a.m. PT.


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One of rock’s most influential bands, KISS, announces their exclusive Las Vegas engagement at Zappos Theater at Planet Hollywood Resort & Casino, kicking off New Year’s Eve week with performances Wednesday, Dec. 29, Friday, Dec. 31 and Saturday, Jan. 1. Additional shows are scheduled for January 19 – February 5, 2022.

Live Nation Entertainment Inc. stock is now 8.19% up from its year-to-date (YTD) trading value. LYV Stock saw the intraday high of $80.46 and lowest of $78.14 per share. The company’s 52-week high price is 94.63, which means current price is +20.67% above from all time high which was touched on 03/03/21.

Compared to the average trading volume of 2.05M shares, LYV reached a trading volume of 2263280 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Live Nation Entertainment Inc. [LYV]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LYV shares is $91.09 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LYV stock is a recommendation set at 2.30. 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.

Goldman have made an estimate for Live Nation Entertainment Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 16, 2021. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Outperform. The new note on the price target was released on May 14, 2021, representing the official price target for Live Nation Entertainment Inc. stock. Previously, the target price had yet another raise from $88 to $96, while Jefferies kept a Buy rating on LYV stock.

The Average True Range (ATR) for Live Nation Entertainment Inc. is set at 2.93, with the Price to Sales ratio for LYV stock in the period of the last 12 months amounting to 13.92. Price to Free Cash Flow for LYV in the course of the last twelve months was 51.57 with Quick ratio for the last quarter at 1.00.

How has LYV stock performed recently?

Live Nation Entertainment Inc. [LYV] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.38. With this latest performance, LYV shares dropped by -0.63% in over the last four-week period, additionally sinking by -9.75% over the last 6 months – not to mention a rise of 54.19% 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 LYV stock in for the last two-week period is set at 42.78, with the RSI for the last a single of trading hit 39.08, and the three-weeks RSI is set at 44.28 for Live Nation Entertainment Inc. [LYV]. The present Moving Average for the last 50 days of trading for this stock 83.57, while it was recorded at 80.73 for the last single week of trading, and 79.81 for the last 200 days.

Live Nation Entertainment Inc. [LYV]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Live Nation Entertainment Inc. [LYV] shares currently have an operating margin of -87.53 and a Gross Margin at -0.14. Live Nation Entertainment Inc.’s Net Margin is presently recorded at -92.59.

Return on Total Capital for LYV is now -24.46, given the latest momentum, and Return on Invested Capital for the company is -29.66. Return on Equity for this stock declined to -511.34, with Return on Assets sitting at -15.98. Additionally, LYV Total Debt to Total Capital is recorded at 107.88, with Total Debt to Total Assets ending up at 61.02.

Reflecting on the efficiency of the workforce at the company, Live Nation Entertainment Inc. [LYV] managed to generate an average of -$210,165 per employee. Receivables Turnover for the company is 2.43 with a Total Asset Turnover recorded at a value of 0.17.Live Nation Entertainment Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.00.

Insider trade positions for Live Nation Entertainment Inc. [LYV]

There are presently around $12,500 million, or 74.40% of LYV stock, in the hands of institutional investors. The top three institutional holders of LYV stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 15,611,970, which is approximately 36.049% of the company’s market cap and around 2.40% of the total institutional ownership; VANGUARD GROUP INC, holding 15,015,816 shares of the stock with an approximate value of $1.19 billion in LYV stocks shares; and PUBLIC INVESTMENT FUND, currently with $998.93 million in LYV stock with ownership of nearly 0% of the company’s market capitalization.

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Positions in Live Nation Entertainment Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 266 institutional holders increased their position in Live Nation Entertainment Inc. [NYSE:LYV] by around 17,293,575 shares. Additionally, 219 investors decreased positions by around 18,082,344 shares, while 86 investors held positions by with 121,859,326 shares. The mentioned changes placed institutional holdings at 157,235,245 shares, according to the latest SEC report filing. LYV stock had 83 new institutional investments in for a total of 1,649,131 shares, while 55 institutional investors sold positions of 8,259,923 shares during the same period.

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