Stock To Watch: Sinclair Broadcast Group, Inc. (NASDAQ:SBGI)


The leading market experts have placed a mean price target of $38.60 on Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.50 a share for the upcoming quarter and $3.09 for the current fiscal.

Technical View

The technical analysis of Sinclair Broadcast Group, Inc. plainly substantiates that the 50-day moving average of Sinclair Broadcast Group, Inc. is $29.52, and stock is trading $-0.69 points away or -2.32% from its 50-day moving average of $29.52. Further it is trading $-1.87 or -6.10% away its 200-day moving average of $30.70. Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) 52-week high is $35.89 and the 52-week low is $24.04.

This explains if the stock moves $-7.06, it will post a 52-week high. In event of +19.93% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Sinclair Broadcast Group, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) ratio came in at 15.75.

The stock last ended the trading session at $28.83 and registered a market cap of $2.72B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) PEG ratio is at 4.75.

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