Alert: Major Price Advance (11/2/23)-Sinclair Broadcast Group Inc (NASDAQ: SBGI).

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Sinclair Broadcast Group Inc (NASDAQ: SBGI) stock closed at $14.25 on 11/2/23 after a major increase of 34.3%. The stock has risen 41.8% during the last week but has been extremely weak relative to the market over the last nine months.

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Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed 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 (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Sinclair Broadcast Group has a good Appreciation Score of 83 but a poor Power Rating of 26, triggering 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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