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In the latest session, Sphere Entertainment Co (NYSE: SPHR) closed at $40.36 down -3.28% from its previous closing price of $41.73. In other words, the price has decreased by -$3.28 from its previous closing price. On the day, 0.93 million shares were traded. SPHR stock price reached its highest trading level at $42.27 during the session, while it also had its lowest trading level at $39.495.
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 0.55 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:
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 1493650944 and an Enterprise Value of 1235592192. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.27 while its Price-to-Book (P/B) ratio in mrq is 0.62. Its current Enterprise Value per Revenue stands at 1.087 whereas that against EBITDA is 9.045.
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 $27.02. The 50-Day Moving Average of the stock is -7.15%, while the 200-Day Moving Average is calculated to be -4.12%.
Shares Statistics:
For the past three months, SPHR has traded an average of 883.33K shares per day and 921270 over the past ten days. A total of 28.49M shares are outstanding, with a floating share count of 27.19M. Insiders hold about 24.03% of the company’s shares, while institutions hold 97.44% stake in the company. Shares short for SPHR as of 1730332800 were 7483665 with a Short Ratio of 8.47, compared to 1727654400 on 6719698. Therefore, it implies a Short% of Shares Outstanding of 7483665 and a Short% of Float of 39.51.
Earnings Estimates
Its stock is currently analyzed by 3.0 different market analysts. The consensus estimate for the next quarter is -$2.31, with high estimates of -$1.58 and low estimates of -$2.89.
Analysts are recommending an EPS of between $0.58 and -$10.4 for the fiscal current year, implying an average EPS of -$5.96. EPS for the following year is -$7.9, with 4.0 analysts recommending between -$5.01 and -$12.99.
Revenue Estimates
A total of 3 analysts believe the company’s revenue will be $288.96M this quarter.It ranges from a high estimate of $290M to a low estimate of $287.88M. As of the current estimate, Sphere Entertainment Co’s year-ago sales were $314.16MFor the next quarter, 3 analysts are estimating revenue of $297.4M. There is a high estimate of $306M for the next quarter, whereas the lowest estimate is $284.19M.
A total of 5 analysts have provided revenue estimates for SPHR’s current fiscal year. The highest revenue estimate was $1.12B, while the lowest revenue estimate was $1.07B, resulting in an average revenue estimate of $1.09B. In the same quarter a year ago, actual revenue was $1.03BBased on 6 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.
