Live Nation Entertainment Inc [NYSE: LYV] gained 7.12% on the last trading session, reaching $125.99 price per share at the time.
If compared to the average trading volume of 1.79M shares, LYV reached a trading volume of 7183720 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying 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 $125.79 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 1.50. 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.
BofA Securities have made an estimate for Live Nation Entertainment Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 04, 2024. The new note on the price target was released on May 28, 2024, representing the official price target for Live Nation Entertainment Inc stock. Previously, the target price had yet another raise from $114 to $115, while Redburn Atlantic kept a Buy rating on LYV stock.
The Average True Range (ATR) for Live Nation Entertainment Inc is set at 2.58, with the Price to Sales ratio for LYV stock in the period of the last 12 months amounting to 1.22. Price to Free Cash Flow for LYV in the course of the last twelve months was 52.27 with Quick ratio for the last quarter at 0.92.
Trading performance analysis for LYV stock
Live Nation Entertainment Inc [LYV] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.50. With this latest performance, LYV shares gained by 12.90% in over the last four-week period, additionally plugging by 31.53% over the last 6 months – not to mention a rise of 47.55% 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 83.10, with the RSI for the last a single of trading hit 87.05, and the three-weeks RSI is set at 79.77 for Live Nation Entertainment Inc [LYV]. The present Moving Average for the last 50 days of trading for this stock 108.44, while it was recorded at 119.02 for the last single week of trading, and 98.33 for the last 200 days.
Live Nation Entertainment Inc [LYV]: A deeper dive into fundamental analysis
Live Nation Entertainment Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.92 and a Current Ratio set at 0.92.
Live Nation Entertainment Inc [LYV]: An earnings per share (EPS) analysis
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 LYV. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Live Nation Entertainment Inc go to 28.52%.
An analysis of Institutional ownership at Live Nation Entertainment Inc [LYV]
There are presently around $74.29%, or 109.89%% of LYV stock, in the hands of institutional investors. The top three institutional holders of LYV stocks are: VANGUARD GROUP INC with ownership of 18.46 million shares, which is approximately 8.0448%. BLACKROCK INC., holding 13.59 million shares of the stock with an approximate value of $$1.27 billion in LYV stocks shares; and BLACKROCK INC., currently with $$1.21 billion in LYV stock with ownership which is approximately 5.6393%.
