Perhaps timely catching Live Nation Entertainment Inc (LYV) would be a good idea

With 3.15 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.22 million shares. During the session, the Entertainment company that operates in wider Communication Services sector, reached to the highest price of $97.23 whereas the lowest price it dropped to was $94.42. The 52-week range on LYV shows that it touched its highest point at $101.74 and its lowest point at $64.25 during that stretch. It currently has a 1-year price target of $117.82. Beta for the stock currently stands at 1.30.

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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 LYV was up-trending over the past week, with a rise of 3.73%, but this was up by 9.17% over a month. Three-month performance surged to 14.71% while six-month performance rose 15.07%. The stock gained 34.58% in the past year, while it has gained 3.61% so far this year. A look at the trailing 12-month EPS for LYV yields 1.31 with Next year EPS estimates of 2.33. For the next quarter, that number is -0.18. This implies an EPS growth rate of 36.72% for this year and 24.64% for next year.

Float and Shares Shorts:

At present, 233.30 million LYV shares are outstanding with a float of 143.68 million shares on hand for trading. On Feb 15, 2024, short shares totaled 12.76 million, which was 5.53% higher than short shares on Jan 12, 2024. In addition to LUV as the firm’s Southwest Airlines Company, LEV serves as its The Lion Electric Company.

Institutional Ownership:

Through their ownership of 75.85% of LYV’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 LYV 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 LYV analysts setting a high price target of $130.00 and a low target of $85.00, the average target price over the next 12 months is $117.82. Based on these targets, LYV could surge 34.05% to reach the target high and fall by -12.35% to reach the target low. Reaching the average price target will result in a growth of 21.49% from current levels.

Summary of Insider Activity:

Insiders traded LYV 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 14 while that of sell transactions has risen to 8 over the past year. The total number of shares bought during that period was 144,049 while 140,086 shares were sold.