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 Inc. (SBGI) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.24, or -2.01%, to $11.68. The Sinclair Inc. has recorded 14,908 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that “Full Measure with Sharyl Attkisson,” Sinclair’s Weekly Investigative News Program, Returns for Ninth Season on Sunday, September 10.
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 $11.92 and fluctuated between $11.96 as its day high and $11.44 as its day low. The current market capitalization of Sinclair Inc. is $753.46M. A total of 1.09 million shares were traded on the day, compared to an average of 682.15K shares.
Insider trades can also provide insight into a stock’s future direction. During the recent three months, SBGI has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 44 shares. Over the last 12 months, there were 18 BUYs and 21 SELLs from insiders. Insiders purchased 888,387 shares during that period but sold 604,368.
In the most recent transaction, Lewis Jeffrey Edward sold 44 shares of SBGI for 13.65 per share on Aug 01. After the transaction, the Chief Compliance Officer now owns 715 company shares. In a previous transaction on Jun 02, Lewis Jeffrey Edward sold 30 shares at 14.84 per share. SBGI shares that Chief Compliance Officer owns now total 757.
Among the insiders who sold shares, Lewis Jeffrey Edward disposed of 360 shares on Feb 27 at a per-share price of $16.97. This resulted in the Chief Compliance Officer holding 2,400 shares of SBGI after the transaction.
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 Inc. pays an annual dividend of $1.00, resulting in a dividend yield of 8.39%, and it has a price to earnings (P/E) ratio of 5.08. SBGI’s most recent ex-dividend date was 8/31/2023 when it declared a $0.25 quarterly dividend that was paid in cash on 9/15/2023. Previously, the company paid the dividend on 6/15/2023 with an ex-dividend date of 5/26/2023. 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 $17.86 with high estimates of $30.00 and low estimates of $12.50. In terms of 52-week highs and lows, SBGI has a high of $22.83 and a low of $9.81.
As of this writing, SBGI has an earnings estimate of -$0.53 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.27 per share and a lower estimate of -$0.76. The company reported an EPS of $2.64 in the last quarter, which was 540.00% higher than expectations of -$0.6.
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 $10.97, while its Total Shareholder’s Equity was -$1.71B.
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 3.00.