On 1/17/24, Sinclair Broadcast Group Inc (NASDAQ: SBGI) stock enjoyed a major increase of 17.8%, closing at $16.05. Moreover, trading volume in this advance was exceptionally high at 351% of normal. Relative to the market the stock has been weak over the last nine months but has risen 15.2% during the last week.
Current PriceTarget Research Rating
SBGI’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Sinclair Broadcast Group has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Sinclair Broadcast Group has a good Appreciation Score of 77 but a poor Power Rating of 25, producing the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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