Liberty Media (NASDAQ: LSXMA) witnessed a substantial plunge in their stock price on Friday at 11:52 EST, falling by 27.41% to $0.91 and ending three consecutive sessions of rising gains. Coinciding with this sharp decrease, the NASDAQ also dropped 0.01%, to 3,958.66; marking three straight sessions of losses for Liberty Media shares which point towards bearish trading trends in future trading sessions.
Liberty Media recent performance
Liberty Media recently closed at $0.93, which is 27.24% below its 52-week high of $1.26 and signaling an unsuccessful financial year for the company.
About Liberty Media Corporation
Liberty Media Corporation of Colorado operates several subsidiaries to offer entertainment services throughout the US and Canada. Their channels range from music, sports, entertainment and comedy shows via satellite radio systems, mobile applications and consumer electronic equipment to traffic reports and weather forecasts.
Liberty Media’s Financials
Liberty Media currently holds a trailing twelve month EPS (Earnings Per Share), while their PE (Price to Earnings) ratio – another measure of profitability – stands at 7.81, suggesting that every dollar of annual earnings requires investing $0.81 worth of shares. During 2018, their return on equity stood at 11.79%.
Current Trading Trends
Liberty Media stock currently trades at $0.91 as of 11:52 EST, significantly below its 52-week low of $1.05. To take note of its inherent volatility is critical. Recent statistics demonstrate an average intraday variation between 0.48%, -0.04%, and 1.64% within the past week, month, and quarter respectively; these fluctuations underscore its fluctuating nature with potential for either rebounding or further decrease.
Recommendations for potential investors
Given Liberty Media’s impressive portfolio of entertainment services and recent drop in its stock price, potential investors should proceed with caution when making trading decisions. Future profitability will depend on strategies to scale engagement and subscriptions according to shifting consumer tastes in global digital entertainment.
More news about Liberty Media (LSXMA).
