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 $12.10, up 2.72% from the previous day, and has decreased 41% in one year. It has underperformed other stocks in the Entertainment industry by 0.51 percentage points. Sinclair stock is currently +28.86% from its 52-week low of $9.39, and -41.71% from its 52-week high of $20.76.
At the moment, there are 63.6M shares of SBGI outstanding. The market cap of SBGI is $769.58M. In the last 24 hours, 235,224 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.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to open your new brokerage account.
- Send your information by clicking the "Create Account" button. Get started with eToro today
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/B ratio of 2.7x, relative to Entertainment industry P/B ratio of 2.73x
You can do additional valuation analysis on SBGI's stock here.
SBGI Financial Overview
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the SBGI balance sheet.
Negative Financial Indicators:
- Total SBGI debt is higher than 5 years ago, relative to shareholder equity.
- There are more long-term liabilities than short-term assets on the SBGI balance sheet.
- SBGI earnings of -$344.00M is not sufficient to cover its interest payments.
- SBGI has a relatively high debt to equity ratio of 20.58.
- SBGI's operating cash flow of $235.00M allows it to safely service it's debt of $4.35B.
- SBGI profit margin has gone down from 67.5% to -9.3% in the past year.
Is it a good time to buy Sinclair stock, according to Wall Street analysts?
Out of 3 Wall Street analysts who monitor SBGI, the consensus analyst rating on Sinclair is a Hold
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are saying on the Sinclair stock forecast page.
SBGI Trading Indicators
How are SBGI Revenues/Earnings doing?
Last year, SBGI revenue was $3.13B. In the past 5 year, SBGI's revenue has grown by 0.51% per year. This was slower than the Entertainment industry average of 15.12%.
Find out more about SBGI's earnings and revenue performance here.
Are SBGI executives and large shareholders buying or selling the stock?
In the last year, insiders at SBGI have bought more shares than they have sold.
Frederick G. Smith, Vice President of SBGI, was the latest SBGI insider to buy. They bought $1,309,000.00 worth of SBGI shares on Apr 3, 2024.
Learn more about who owns SBGI stock here.
Can I rely on SBGI as an income stream?
No, Sinclair doesn't provide an income stream by paying out dividends.
Get analysis from other traders
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
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Step 5: Make your SBGI trade
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally the easiest way to buy. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a particular price limit, use a limit order.
Hit the Open button and your broker will execute your order.
If you want more help with 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 keep up with your shares.
Make a watchlist to get the latest updates about 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 are looking for a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep track of your new investment in Sinclair, add SBGI to your watchlist by clicking the button below.
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