Recent important negative changes in fundamentals have impacted Sinclair Broadcast Group Inc (NASDAQ: SBGI): the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.
Sinclair Broadcast Group Inc (NASDAQ: SBGI) suffers from exceptional negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, and its shorter term price trend turned down.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SBGI is expected to continue to be a major Value Builder.
Sinclair Broadcast Group has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Sinclair Broadcast Group has a slightly negative Appreciation Score of 37 and a neutral Power Rating of 58, with the Low Neutral Value Trend Rating the result.
Recent Price Action
Sinclair Broadcast Group Inc (NASDAQ: SBGI) stock closed at $12.53 on 3/8/24 after a large decline of -5.9%. Moreover, this decline was accompanied by above average trading volume at 131% of normal. The stock has declined -15.6% during the last week but has been strong relative to the market over the last nine months.
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