In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
In the latest session, Madison Square Garden Entertainment Corp (NYSE: MSGE) closed at $35.59 down -3.58% from its previous closing price of $36.91. In other words, the price has decreased by -$3.58 from its previous closing price. On the day, 0.52 million shares were traded. MSGE stock price reached its highest trading level at $37.16 during the session, while it also had its lowest trading level at $35.31.
Ratios:
For a deeper understanding of Madison Square Garden Entertainment Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 45.87 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.93. For the most recent quarter (mrq), Quick Ratio is recorded 0.49 and its Current Ratio is at 0.50.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Goldman on July 24, 2024, Upgraded its rating to Buy and sets its target price to $45 from $41 previously.
On August 22, 2023, BofA Securities started tracking the stock assigning a Buy rating and target price of $41.
On August 11, 2023, JP Morgan started tracking the stock assigning a Neutral rating and target price of $38.JP Morgan initiated its Neutral rating on August 11, 2023, with a $38 target price.
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 Sep 30 ’24 when D’Ambrosio Philip Gerard sold 6,000 shares for $42.43 per share. The transaction valued at 254,580 led to the insider holds 12,192 shares of the business.
D’Ambrosio Philip Gerard bought 6,000 shares of MSGE for $254,580 on Sep 30 ’24. On Aug 20 ’24, another insider, SALERNO FREDERIC V, who serves as the Director of the company, bought 5,000 shares for $41.25 each. As a result, the insider paid 206,250 and bolstered with 17,348 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, MSGE now has a Market Capitalization of 1789120000 and an Enterprise Value of 2833203968. As of this moment, Madison’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.69, and their Forward P/E ratio for the next fiscal year is 19.59. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.80. Its current Enterprise Value per Revenue stands at 2.964 whereas that against EBITDA is 15.434.
Stock Price History:
Over the past 52 weeks, MSGE has reached a high of $44.14, while it has fallen to a 52-week low of $30.10. The 50-Day Moving Average of the stock is -10.86%, while the 200-Day Moving Average is calculated to be -7.58%.
Shares Statistics:
For the past three months, MSGE has traded an average of 352.82K shares per day and 480340 over the past ten days. A total of 45.96M shares are outstanding, with a floating share count of 40.49M. Insiders hold about 16.48% of the company’s shares, while institutions hold 83.42% stake in the company. Shares short for MSGE as of 1732838400 were 1254263 with a Short Ratio of 3.08, compared to 1730332800 on 1380657. Therefore, it implies a Short% of Shares Outstanding of 1254263 and a Short% of Float of 3.8.
