Is Live Nation Entertainment Inc (NYSE: LYV) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Live Nation Entertainment Reports Full Year And Fourth Quarter 2023 Results.

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Stocks Info

Live Nation Entertainment Inc is listed on the NYSE in the Communication Services sector while operating in the Entertainment industry. The current market capitalization of Live Nation Entertainment Inc is $22.78B. A total of 3.0 million shares were traded on the day, compared to an average of 2.27M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, LYV has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 14 BUYs and 8 SELLs from insiders. Insiders purchased 144,049 shares during that period but sold 140,086.

In the most recent transaction, Fu Ping sold 1,500 shares of LYV for 93.67 per share on Feb 27. After the transaction, the Director now owns 14,714 company shares. In a previous transaction on Dec 15, Berchtold Joe sold 119,100 shares at 92.91 per share. LYV shares that President & CFO owns now total 442,107.

Among the insiders who sold shares, Berchtold Joe disposed of 119,100 shares on Dec 14 at a per-share price of $92.84. This resulted in the President & CFO holding 442,107 shares of LYV after the transaction. In another insider transaction, Berchtold Joe sold 119,100 shares at $88.11 per share on Dec 13. Company shares held by the President & CFO now total 442,107.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, LYV has a high of $101.74 and a low of $64.25.

As of this writing, LYV has an earnings estimate of -$0.19 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of -$0.01 per share and a lower estimate of -$0.38. The company reported an EPS of $1.78 in the last quarter, which was 40.20% higher than expectations of $1.27.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. LYV’s latest balance sheet shows that the firm has $4.88B in Cash & Short Term Investments as of fiscal 2021. There were $7.46B in debt and $6.86B in liabilities at the time. Its Book Value Per Share was -$0.07, while its Total Shareholder’s Equity was $363.47M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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 LYV is Buy with a score of 4.94.

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