(SBGI) Sinclair Broadcast - Ratings and Ratios

Sinclair Broadcast Group Inc (NASDAQ:SBGI) is a media conglomerate that operates a diverse portfolio of local television stations and digital platforms across the United States, providing a wide range of content to audiences through various channels. The companys Local Media segment is its core business, operating broadcast television stations, original networks, and content, including free over-the-air programming and live local sporting events. Sinclair also produces local and original news programs, leveraging its extensive network to distribute content to multi-channel video programming distributors.

The companys digital presence is expanding through its various networks, including The Nest, Comet, CHARGE!, and TBD, which cater to different audience interests. Additionally, Sinclair offers news and investigative programs, such as The National News Desk and Full Measure with Sharyl Attkisson, as well as sports-related content, including podcasts. Its Tennis segment, which includes Tennis Channel, provides coverage of top tennis tournaments and original sports programming, further diversifying Sinclairs content offerings.

Beyond its core media business, Sinclair provides non-broadcast digital and internet solutions, technical sales, and services, including the design and manufacture of broadcast systems. The company also holds various investments in non-media related companies, indicating a strategic diversification of its portfolio. With a strong foundation in local media and a growing digital presence, Sinclair is well-positioned to navigate the evolving media landscape.

Analyzing the , Sinclairs stock is currently trading at $13.52, slightly above its 20-day simple moving average (SMA) of $13.48, but below its 50-day SMA of $14.07 and 200-day SMA of $14.84. The Average True Range (ATR) of 0.52 indicates a relatively moderate level of volatility. Considering the , Sinclairs market capitalization stands at $909.30M USD, with a price-to-earnings (P/E) ratio of 6.41 and a forward P/E of 14.45, suggesting potential for growth. The companys Return on Equity (RoE) of 85.06% indicates strong profitability.

Based on the and , a forecast for Sinclair Broadcast Group Inc suggests that the stock may experience a gradual recovery, potentially reaching the $14.50-$15.00 range in the near term, driven by its improving financials and strategic diversification. However, the current trend indicates a cautious approach, and investors should closely monitor the stocks performance relative to its SMAs and ATR. A break above the 50-day SMA could signal a positive shift in momentum, while a sustained decline below the 20-day SMA may indicate further downside risk.