How to Buy Sinclair Stock
Sinclair Inc
Sinclair Broadcast Group, Inc. operates as a media company in the United States. The company operates in two segments, Broadcast and Local Sports.
Sinclair stock last closed at $14.84, down 1.72% from the previous day, and has decreased 38.68% in one year. It has underperformed other stocks in the Broadcasting industry by 0.15 percentage points. Sinclair stock is currently +17.41% from its 52-week low of $12.64, and -42.46% from its 52-week high of $25.79.
At the moment, there are 63.04M shares of SBGI outstanding. The market cap of SBGI is $935.50M. In the last 24 hours, 818,083 SBGI shares were traded.
How to Buy Sinclair Stock
Wondering how to invest in Sinclair stock? Here's how.
- Choose where to buy Sinclair stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you determine where to buy Sinclair stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your brokerage account: Select your payment method and add your information.
- Evaluate Sinclair stock: The Sinclair ticker symbol is SBGI. Is Sinclair stock a good investment? Should you buy shares of SBGI? How do SBGI's underlying business fundamentals look? Do top analysts think Sinclair is a good buy? Why has SBGI's stock price moved recently? (Hint: Our stock research website can help you understand if SBGI is a good stock to buy).
- Make your SBGI trade: Decide if you will purchase SBGI shares at the current market price or use a limit order to buy SBGI stock at a specific price.
- Get the latest news on your SBGI position: Create a watchlist to watch your position in Sinclair stock.
Step 1: Choose where to buy Sinclair stock
You need a brokerage account to access the NASDAQ market and buy SBGI stock.
Our recommended brokerage: eToro
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Get $10 towards your purchase of shares by creating an account with eToro now.
Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the right brokerage, it's time to fill out some personal info so you can buy SBGI today.
How to Start a New Brokerage Account on eToro
- Click here to get started.
- Input your personal data to open your new brokerage account.
- Send your information by clicking the "Create Account" button.
Step 3: Deposit funds into your brokerage account
Now that you have finished signing up on the highest rated stock app, you need to deposit funds:
Check out the tutorial below to see the process of transferring money into your new investment account.
Step 4: Evaluate Sinclair stock
Once you have identified the best place to buy Sinclair stock, it's critical to research their stock before you buy, so you can wrap your head around the risk and opportunity.
Sinclair shares data
Fundamentals of Sinclair
WallStreetZen was built to help average investors do more accurate fundamental analysis.
You can view all of the due diligence checks on SBGI's stock page.
How is SBGI stock valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge SBGI's true value.
Using relative valuations metrics:
- SBGI could be undervalued based on its P/E ratio of 3.96x, relative to Broadcasting industry P/E ratio of 12.62x
- SBGI may be undervalued based on its P/B ratio of 1.05x, relative to Broadcasting industry P/B ratio of 1.51x
You can access additional valuation analysis on SBGI's stock here.
Is SBGI a healthy company?
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the SBGI balance sheet.
Negative Financial Indicators:
- There are more long-term liabilities than short-term assets on the SBGI balance sheet.
- SBGI's operating cash flow of $791.00M allows it to safely service it's debt of $4.43B.
- SBGI earnings of $527.00M is not sufficient to cover its interest payments.
- Total SBGI debt is higher than 5 years ago, relative to shareholder equity.
- SBGI profit margin has gone down from 37% to 7.3% in the past year.
- SBGI has a relatively high debt to equity ratio of 6.3.
Is it a good time to buy SBGI stock, according to Wall Street analysts?
Out of 6 Wall Street analysts who give recommendations on SBGI, the consensus analyst rating on Sinclair is a Hold
It's important to keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Most Recent SBGI Analyst Upgrades/Downgrades
Benjamin Soff, a bottom 39% analyst from Deutsche Bank maintains SBGI with a hold rating and lowers their SBGI price target from $22.00 to $18.00, on May 9, 2023.
Edward Reilly, a bottom 3% analyst from EF Hutton maintains SBGI with a strong buy rating and lowers their SBGI price target from $38.00 to $25.00, on May 4, 2023.
Steven Cahall, a top 18% analyst from Wells Fargo maintains SBGI with a strong sell rating and lowers their SBGI price target from $16.00 to $15.00, on Feb 23, 2023.
Barton Crockett, a bottom 14% analyst from Rosenblatt maintains SBGI with a hold rating and lowers their SBGI price target from $18.00 to $16.00, on Feb 23, 2023.
Daniel Kurnos, a top 14% analyst from Benchmark reiterates SBGI with a strong buy rating and maintains their SBGI price target from $30.00 to $30.00, on Feb 21, 2023.
You can dig deeper into what analysts are projecting on the Sinclair stock forecast page.
SBGI Technical Indicators
How are SBGI Revenues/Earnings doing?
Last year, SBGI earnings were $250.00M. In the last five year, SBGI's earnings have increased by -7.64% per year. This was slower than the Broadcasting industry average of -1.16%.
Last year, SBGI revenue was $3.41B. In the past five year, SBGI's revenue has gone up by 5% per year. This was slower than the Broadcasting industry average of 11.38%.
Dig into SBGI's earnings and revenue performance here.
Latest Insiders Trades at SBGI
In the last 12 months, executives and large shareholders at SBGI have bought more shares than they have sold.
David R. Bochenek, Chief Accounting Officer of SBGI, was the latest SBGI insider to sell. They sold $74,356.32 worth of SBGI shares on Mar 2, 2023.
Research more about who owns SBGI shares here.
Does SBGI stock generate passive income?
Sinclair pays a dividend of 6.74%, compared to the Broadcasting industry's average dividend yield of 4.84%. If you owned $1,000 of SBGI stock, you would have received $67.39 last year.
Sinclair dividend payments have consistently grown over the past decade and have remained stable.
Get more data about Sinclair dividend yield and history here.
What do other investors have to say about SBGI?
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Make your SBGI trade
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually the easiest way to buy. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a particular dollar amount limit, use a limit order.
Press the Open button and eToro will execute the order.
If you want additional info about buying stocks on eToro, watch the helpful video below:
Step 6: Get the latest news on your SBGI position
Now that you own some shares in SBGI, you'll want to stay up-to-date on your new shares.
Add SBGI to a watchlist to track the most important metrics related to your SBGI stock.
SBGI Feed
How to Buy Stock in Sinclair
To summarize, here are the 6 steps to buy Sinclair stock:
- Choose where to buy Sinclair stock
- Open a brokerage account
- Deposit funds into your brokerage account
- Evaluate Sinclair stock
- Make your SBGI trade
- Get the latest news on your SBGI position
If you require a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get the latest scoop on your investment in Sinclair, create your watchlist below.
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