Sinclair Inc [NASDAQ: SBGI] loss -1.43% on the last trading session, reaching $16.55 price per share at the time.
If compared to the average trading volume of 288.65K shares, SBGI reached a trading volume of 267670 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Sinclair Inc [SBGI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SBGI shares is $18.83 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 3.00. 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 Inc shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on November 07, 2024. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $25 to $16. The new note on the price target was released on December 08, 2022, representing the official price target for Sinclair Inc stock. Previously, the target price had yet another drop from $30 to $16, while Wells Fargo kept a Underweight rating on SBGI stock. On May 05, 2022, analysts increased their price target for SBGI shares from 30 to 33.
The Average True Range (ATR) for Sinclair Inc is set at 0.65, with the Price to Sales ratio for SBGI stock in the period of the last 12 months amounting to 0.33. The Price to Book ratio for the last quarter was 2.65, with the Price to Cash per share for the same quarter was set at 8.07.
Trading performance analysis for SBGI stock
Sinclair Inc [SBGI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.54. With this latest performance, SBGI shares dropped by -8.46% in over the last four-week period, additionally plugging by 17.96% over the last 6 months – not to mention a rise of 18.81% 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 47.89, with the RSI for the last a single of trading hit 48.19, and the three-weeks RSI is set at 48.62 for Sinclair Inc [SBGI]. The present Moving Average for the last 50 days of trading for this stock 16.91, while it was recorded at 16.85 for the last single week of trading, and 14.57 for the last 200 days.
Sinclair Inc [SBGI]: A deeper dive into fundamental analysis
Sinclair Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.91 and a Current Ratio set at 1.91.
Sinclair Inc [SBGI]: 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 SBGI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Sinclair Inc go to 5.47%.
An analysis of Institutional ownership at Sinclair Inc [SBGI]
There are presently around $65.75%, or 75.89%% of SBGI stock, in the hands of institutional investors. The top three institutional holders of SBGI stocks are: GAMCO INVESTORS, INC. ET AL with ownership of 3.62 million shares, which is approximately 5.6498%. VANGUARD GROUP INC, holding 3.55 million shares of the stock with an approximate value of $$47.28 million in SBGI stocks shares; and VANGUARD GROUP INC, currently with $$35.03 million in SBGI stock with ownership which is approximately 4.0958%.
