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In the latest session, Sphere Entertainment Co (NYSE: SPHR) closed at $39.82 down -2.11% from its previous closing price of $40.68. In other words, the price has decreased by -$2.11 from its previous closing price. On the day, 0.53 million shares were traded. SPHR stock price reached its highest trading level at $40.73 during the session, while it also had its lowest trading level at $39.34.
Ratios:
For a deeper understanding of Sphere Entertainment Co’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.62 and its Current Ratio is at 0.62. In the meantime, Its Debt-to-Equity ratio is 0.62 whereas as Long-Term Debt/Eq ratio is at 0.26.
On February 07, 2024, BofA Securities started tracking the stock assigning a Neutral rating and target price of $43.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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. On Feb 28 ’24, another insider, DOLAN JAMES LAWRENCE, who serves as the Executive Chairman / CEO of the company, bought 76,139 shares for $40.73 each. As a result, the insider paid 3,100,935 and bolstered with 520,039 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SPHR now has a Market Capitalization of 1399230976 and an Enterprise Value of 2350445824. As of this moment, Sphere’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.76. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.51 while its Price-to-Book (P/B) ratio in mrq is 0.57. Its current Enterprise Value per Revenue stands at 3.25 whereas that against EBITDA is -28.556.
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 $20.68. The 50-Day Moving Average of the stock is -10.12%, while the 200-Day Moving Average is calculated to be 4.57%.
Shares Statistics:
For the past three months, SPHR has traded an average of 681.59K shares per day and 500150 over the past ten days. A total of 27.81M shares are outstanding, with a floating share count of 26.43M. Insiders hold about 24.79% of the company’s shares, while institutions hold 97.27% stake in the company. Shares short for SPHR as of 1713139200 were 6398189 with a Short Ratio of 9.39, compared to 1710460800 on 6020934. Therefore, it implies a Short% of Shares Outstanding of 6398189 and a Short% of Float of 29.23.
