Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
After finishing at $43.63 in the prior trading day, Sphere Entertainment Co (NYSE: SPHR) closed at $37.69, down -13.61%. In other words, the price has decreased by -$13.61 from its previous closing price. On the day, 1.77 million shares were traded.
Ratios:
Our goal is to gain a better understanding of SPHR by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.55 and its Current Ratio is at 0.56. In the meantime, Its Debt-to-Equity ratio is 0.65 whereas as Long-Term Debt/Eq ratio is at 0.28.
On September 03, 2024, The Benchmark Company Downgraded its rating to Sell which previously was Hold but kept the price unchanged to $40.
JP Morgan Upgraded its Neutral to Overweight on August 16, 2024, whereas the target price for the stock was revised from $37 to $57.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 08 ’24 when GREENBERG ANDREA sold 12,131 shares for $51.00 per share. The transaction valued at 618,694 led to the insider holds 76,650 shares of the business.
DOLAN JAMES LAWRENCE bought 110,156 shares of SPHR for $5,164,270 on Mar 04 ’24. The Executive Chairman / CEO now owns 630,195 shares after completing the transaction at $46.88 per share.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 1.19 while its Price-to-Book (P/B) ratio in mrq is 0.58.
Stock Price History:
Over the past 52 weeks, SPHR has reached a high of $51.83, while it has fallen to a 52-week low of $32.10. The 50-Day Moving Average of the stock is -12.51%, while the 200-Day Moving Average is calculated to be -9.76%.
Shares Statistics:
A total of 28.91M shares are outstanding, with a floating share count of 27.19M. Insiders hold about 24.03% of the company’s shares, while institutions hold 100.96% stake in the company.
Earnings Estimates
The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0.
Revenue Estimates
4 analysts predict $303.36M in revenue for the current quarter. It ranges from a high estimate of $334.88M to a low estimate of $284.19M. As of the current estimate, Sphere Entertainment Co’s year-ago sales were $321.33MFor the next quarter, 4 analysts are estimating revenue of $310.26M. There is a high estimate of $378.05M for the next quarter, whereas the lowest estimate is $286.92M.
A total of 5 analysts have provided revenue estimates for SPHR’s current fiscal year. The highest revenue estimate was $1.25B, while the lowest revenue estimate was $1.07B, resulting in an average revenue estimate of $1.12B. In the same quarter a year ago, actual revenue was $1.03BBased on 5 analysts’ estimates, the company’s revenue will be $1.27B in the next fiscal year. The high estimate is $1.57B and the low estimate is $1.15B.
