MSG Networks Inc. (NYSE:MSGN) traded at $11.62 at last check on Friday, Nov 20, making an upward move of 1.04% on its previous day’s price.
Looking at the stock we see that its previous close was $11.5 and the beta (5Y monthly) reads 1.05 with the day’s price range being $11.35 – 11.66. The company has a 12-month trailing PE ratio of 3.86. In terms of its 52-week price range, MSGN has a high of $17.89 and a low of $8.52. The company’s stock has gained about 19.3% over that past 30 days.
MSG has a market cap of $628.41 Million and is expected to release its quarterly earnings report on Feb 02, 2021- Feb 08, 2021. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the MSGN stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.55, with the EPS growth for the year declined at $2.56 for 2020 and $2.34 for next year. These figures represent -0.13% and at -0.09% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $155.21 Million, with a low of $150.4 Million and a high of $159.84 Million. The median projection represents growth adding up to -17.7% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $665.65 Million, or -2.9% down from figures reported last year.
On the other hand, looking at the outlook for the MSGN stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 50% Buy.
Based on estimates by 7 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 3 have rated the MSG Networks Inc. (MSGN) stock as a Hold, while 1 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas 3 suggests the stock as a Sell. The stock has an overall rating of Underweight and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the MSGN stock currently stands at 0.57, and the current price level is 17.49% off its SMA20 and 20.54% from its 50-day simple moving average. The RSI (14) is pointing at 72.05 while the volatility over the past week is 3.99% and jumps to 4.6% over the past one month. The beta value is 1.05, while the average true range (ATR) is currently pointing at 0.46. The average price target for the stock over the next 12 months is $9.6, with the estimates having a low of $9 and a high of $10. These price ends are -22.55% and -13.94% off the current price level respectively, although investors could be excited at the prospect of a -13.94% if the MSGN share price touches on the median price of $10.
Coming back to MSG Networks Inc. (NYSE:MSGN), we note that the average 3-month trading volume was 461.89 Million, while that of the preceding 10-day period stands at 453.1 Million. Current shares outstanding are 43.46 Million.
According to data from Thomson Reuters, insiders hold 5.6% of the company’s shares while institutions hold 112.97%. The data shows that short shares as of October 29, 2020, stood at 10.3 Million at a short ratio of 26.68. This represents a 18.06% Short interest in Shares outstanding on October 29, 2020. Shares short dropped in October from the previous month at 10.79 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -33.22% down in year-to-date price movement.