SFX Entertainment Inc 16.7% Potential Decrease Now Implied by Stifel

SFX Entertainment Inc using SYMBOL/TICKER code NASDAQ:SFXE has had its stock rating noted as ‘Reitereated’ with the recommendation being set at ‘SELL’ this morning by analysts at Stifel. SFX Entertainment Inc are listed in the Consumer Services sector within NASDAQ. Stifel have set their target price at 1 USD on its stock. This indicates the analyst believes there is a potential downside of 16.7% from the opening price of 1.2 USD.

SFX Entertainment Inc NASDAQ:SFXE has a 50 day moving average of 3.91 USD and a 200 day moving average of 4.20 USD. The 52 week high for the share price is currently at 7.21 USD while the 52 week low for the stock is 1.02 USD. Over the last 30 and 90 trading days the company share price has decreased 2.98 points and decreased 2.95 points respectively. There are currently 97,651,049 shares in issue with the average daily volume traded being 1,125,116. Market capitalisation for NASDAQ:SFXE is $113,763,468.00 USD.

 

SFX Entertainment Inc NASDAQ:SFXE is a producer of live events and digital entertainment content focused on the electronic music culture (EMC). The Company operates in two segments: Live Events, consisting of the production of its live events and includes revenue from ticket sales, ticketing fees and commissions, food, beverages and merchandise, license fees, event specific sponsorships and advertising, and Platform, 365-day per year engagement with its fans outside of live events and includes sales of digital music and certain sponsorship and marketing activity. The Company presents EMC festivals and events, many of which have over a decade of history, passionate followers and vibrant social communities surrounding them. The Company’s live events and brands include Tomorrowland, TomorrowWorld, Mysteryland, Sensation, Stereosonic, Electric Zoo, Disco Donnie Presents, Life in Color, Nature One, Mayday, Decibel, Q-Dance, Awakenings, React Presents, Beatport, Flavorus, Paylogic and many others.

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