US stock futures flat after Wall St drops on Trump tariffs, soft jobs data
Liberty Media Corp Braves C (BATRK) stock has touched a 52-week low, dipping to $35.78, signaling a period of bearish movement for the company's shares. According to InvestingPro data, the stock's current price of $37.46 represents a significant discount from its 52-week high of $44.42, though analysts maintain price targets ranging from $45 to $60. This latest price level reflects a notable decline amidst market fluctuations and broader economic factors influencing investor sentiment. Over the past year, the stock has experienced a downward trend, with a 1-year total return of -5.58%. InvestingPro analysis reveals the company operates with moderate debt levels and maintains relatively low price volatility, with two analysts recently revising earnings expectations upward for the upcoming period. Investors are closely monitoring the stock as it navigates through this low point, considering the company's performance and potential market recovery strategies. The company's revenue grew by 3.45% in the last twelve months, though it faces challenges with gross profit margins at 22.46%. Get deeper insights and access to 8 additional exclusive ProTips with InvestingPro.
In other recent news, Atlanta Braves Holdings reported disappointing fourth-quarter earnings for 2024, missing both earnings per share (EPS) and revenue forecasts. The company posted an EPS of -$0.31, which was below the anticipated -$0.19, and revenue for the quarter came in at $52.1 million, falling short of the projected $68.5 million. Despite these results, full-year revenue increased to $662.7 million from $640.7 million in 2023. Additionally, the company announced plans to host the MLB All-Star Game in 2025, which is expected to enhance visibility and revenue. The company is also focusing on developments in Battery Atlanta and has secured new media partnerships. These include a partnership with FanDuel Sports Network, which acquired the streaming rights for the Atlanta Braves, allowing fans to stream games for the first time. Furthermore, Gray Media will produce and simulcast several games, broadening access for fans. These recent developments reflect the company's strategic efforts to expand its media reach and enhance its operational footprint.
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