SBGI Stock Summary and Trading Ideas (Sinclair - Class A | NASDAQ:SBGI)

Sinclair Inc. is the owner-operator of the second largest portfolio of television stations in the United States, with 185 full power stations in 86 markets. Of the firm's roughly 600 channels, 150 are affiliated with the four national broadcasters—Fox, ABC, CBS, and NBC—with over 80 other channels aligned with The CW (Nexstar) and MyNetworkTV (Fox). Sinclair owns the Tennis Channel and stakes in Marquee Sports Network and YES Network, providing their content to pay-TV distributors.

Sinclair - Class A trades on the NASDAQ stock market under the symbol SBGI.

As of April 25, 2024, SBGI stock price declined to $12.32 with 32,745 million shares trading.

SBGI has a beta of 1.44, meaning it tends to be more sensitive to market movements. SBGI has a correlation of 0.07 to the broad based SPY ETF.

SBGI has a market cap of $782.50 million. This is considered a Small Cap stock.

Last quarter Sinclair - Class A reported $826 million in Revenue and $.81 earnings per share. This fell short of revenue expectation by $-13 million and exceeded earnings estimates by $.38.

In the last 3 years, SBGI stock traded as high as $35.69 and as low as $9.39.

The top ETF exchange traded funds that SBGI belongs to (by Net Assets): VTI, VB, IWM, VXF, VBR.

SBGI has underperformed the market in the last year with a return of -30.2%, while the SPY ETF gained +22.6%. In the last 3 month period, SBGI fell short of the market, returning -20.5%, while SPY returned +3.1%. However, in the most recent 2 weeks SBGI has outperformed the stock market by returning +2.8%, while SPY returned -2.9%.

SBGI support price is $12.35 and resistance is $13.13 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SBGI stock will trade within this expected range on the day.