Over the past 52 weeks Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) has embarked on a drop that has seen it decline -15.25% and is now up by 14.54% since start of this year. The equity price rose 11.91% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that the stock has recorded a 0.37% gain over the past 30 days. Its equity price climbed by 3.25% over the past three months which led to its overall six-month decrease to stand at -8.58%.
The shares of Sinclair Broadcast Group, Inc. (SBGI) dropped by -24.86% or -$9.98 from its last recorded high of $40.15 which it attained on January 16 to close at $30.17 per share. Over the past 52 weeks, the shares of Sinclair Broadcast Group, Inc. has been trading as low as $25.13 before witnessing a massive surge by 20.06% or $5.04. This price movement has led to the SBGI stock receiving more attention and has become one to watch out for. It jumped by 0.94% on Thursday and this got the market excited. The stock’s beta now stands at 1.24 and when compared to its 200-day moving average and its 50-day moving average, SBGI price stands 3.31% above and 3.16% above respectively. Its average daily volatility for this week is 2.98% which is less than the 4.05% recorded over the past month.
Experts from research firms are bullish about the near-term performance of Sinclair Broadcast Group, Inc. with most of them predicting a $36.6 price target on a short-term (12 months) basis. The average price target by the analysts will see a 21.31% rise in the stock and would lead to SBGI’s market cap to surge to $3.45B. The stock has been rated an average 2.6, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 9 analysts that track Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) and find out that 2 of them rated it as a Hold. 5 of the 7 analysts rated it as a Buy or a Strong Buy while 2 advised investors to desist from buying the stock or sell it if they already possess it.
A look at SBGI technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 61.8 point. Its trading volume has added 202269 shares compared to readings over the past three months as it recently exchanged 1572269 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 1370000 shares, and this is 1.15 times the normal volume.
Analysts have predicted a price target for Tractor Supply Company (TSCO) for 1 year and it stands at an average $96.74/share. This means that it would likely increase by 14.26% from its current position. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $85. On the other hand, one analyst is super bullish about the price, setting a target as high as $107.
Analysts view Tractor Supply Company (NASDAQ:TSCO) as a Hold, with 2.3 consensus rating. Reuters surveyed 28 analysts that follow TSCO and found that 14 of those analysts rated the stock as a Hold. The remaining 14 were divided, with 14 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Tractor Supply Company (TSCO) shares or sell it if they already own it.