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Tuesday, June 6, 2023

There Is A Quest For Clarity Surrounding Sinclair Broadcast Group Inc. (NASDAQ: SBGI) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Sinclair Broadcast Group Inc. (SBGI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.59, or 3.70%, to $16.52. The Sinclair Broadcast Group Inc. has recorded 17,085 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Sinclair Approves Holding Company Reorganization.

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Stocks Info

This NASDAQ-listed company operates within the Entertainment industry segment, falling under the Communication Services sector. At the end of the last regular session, the stock closed at $15.93 and fluctuated between $16.42 as its day high and $15.73 as its day low. The current market capitalization of Sinclair Broadcast Group Inc. is $1.05B. A total of 0.55 million shares were traded on the day, compared to an average of 912.10K shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, SBGI has seen 12 BUY and 10 SELL insider trades, representing the acquisition of 807,891 and the disposition of 492,718 shares. Over the last 12 months, there were 24 BUYs and 20 SELLs from insiders. Insiders purchased 1,468,623 shares during that period but sold 876,551.

In the most recent transaction, Lewis Jeffrey Edward sold 360 shares of SBGI for 16.97 per share on Feb 27. After the transaction, the Chief Compliance Officer now owns 2,400 company shares.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Sinclair Broadcast Group Inc. pays an annual dividend of $1.00, resulting in a dividend yield of 6.28%, and it has a price to earnings (P/E) ratio of 4.44. SBGI’s most recent ex-dividend date was 5/26/2023 when it declared a $0.25 quarterly dividend that was paid in cash on 6/15/2023. Previously, the company paid the dividend on 3/17/2023 with an ex-dividend date of 3/2/2023. The SBGI stock dividend was $0.25 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for SBGI in the last 3 months, the mean price target is $20.83 with high estimates of $34.00 and low estimates of $14.00. In terms of 52-week highs and lows, SBGI has a high of $25.79 and a low of $12.64.

As of this writing, SBGI has an earnings estimate of -$0.63 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of -$0.27 per share and a lower estimate of -$0.79. The company reported an EPS of $0.79 in the last quarter, which was 88.10% higher than expectations of $0.42.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. SBGI’s latest balance sheet shows that the firm has $816.00M in Cash & Short Term Investments as of fiscal 2021. There were $12.58B in debt and $1.20B in liabilities at the time. Its Book Value Per Share was $12.76, while its Total Shareholder’s Equity was -$1.71B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SBGI is Buy with a score of 2.60.

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