Sinclair Inc (NASDAQ: SBGI) stock jumped 8.82% on Friday to $14.44 against a previous-day closing price of $13.27. With 0.61 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.65 million shares. The 52-week range on SBGI shows that it touched its highest point at $22.41 and its lowest point at $9.39 during that stretch. It currently has a 1-year price target of $16.06. With its current market cap of 917.08 million, SBGI has annualized dividend of $1.00 while the current yield stands at 6.93%. Beta for the stock currently stands at 1.51.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SBGI was up-trending over the past week, with a rise of 6.25%, but this was up by 37.79% over a month. Three-month performance surged to 8.41% while six-month performance fell -13.58%. The stock lost -24.87% in the past year, while it has lost -6.90% so far this year. A look at the trailing 12-month EPS for SBGI yields 1.32 with Next year EPS estimates of 3.42. For the next quarter, that number is 0.51. This implies an EPS growth rate of -96.84% for this year and 188.76% for next year. EPS is expected to grow by 5.47% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 45.71%.
Float and Shares Shorts:
At present, 45.85 million SBGI shares are outstanding with a float of 35.35 million shares on hand for trading. On Oct 30, 2023, short shares totaled 4.52 million, which was 7.12% higher than short shares on Sep 28, 2023. In addition to SPGI as the firm’s S&P Global Inc., SBGI serves as its Sinclair, Inc..
Institutional Ownership:
Through their ownership of 86.50% of SBGI’s outstanding shares, institutional investors have majority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SBGI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SBGI analysts setting a high price target of $27.00 and a low target of $10.00, the average target price over the next 12 months is $16.06. Based on these targets, SBGI could surge 86.98% to reach the target high and fall by -30.75% to reach the target low. Reaching the average price target will result in a growth of 11.22% from current levels.
Dividends & Yield:
In terms of dividends, SBGI has a current ratio of $1.0, which is $1.0 over the trailing 12-months, while a dividend of $0.85 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and SBGI currently yields $6.93. In the past year, SBGI’s dividend yield has been $6.93, but when looking at the stock over the past five years, its yield has been $3.78. Accordingly, SBGI has a current buyback yield of $17.34. This was $17.34 for the TTM, and it was $10.13 for the past five years.
Summary of Insider Activity:
Insiders traded SBGI stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 18 while that of sell transactions has risen to 21 over the past year. The total number of shares bought during that period was 888,387 while 604,368 shares were sold.
