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Lions Gate Entertainment(LGF - Get Report) is a global entertainment company with a diversified presence in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, digital distribution and new channel platforms. This stock is trading flat at $8.19 in recent trading after hitting a 52-week high of $8.28 earlier in the day.
Today's Range: $7.99-$8.28
52-Week Range: $5.47-$8.28
Three-Month Average Volume: 645,809
Lions Gate Entertainment has a market cap of $1.12 billion and an enterprise value of $1.78 billion. The stock trades at a trailing price-to-earnings of 49.7 and a forward price-to-earnings of 24. Its estimated growth rate for this year is 126.8%, and for next year it's pegged at 209.10%. The current short interest as a percentage of the float for LGF is low at just 2.8%.
From a technical standpoint, this stock recently triggered a big breakout after it traded above some past overhead resistance at around $7.58 to $7.84 a share. This stock could easily be setting up to trend significantly higher now that those past resistance levels have been taken out. The next significant resistance on the stock won't come into play until around $10.50 and the all-time high is around $12 a share.
Lions Gate is one of
Carl Icahn's top holdings.