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The price of Sphere Entertainment Co (NYSE: SPHR) closed at $37.49 in the last session, up 3.76% from day before closing price of $36.13. In other words, the price has increased by $3.76 from its previous closing price. On the day, 0.62 million shares were traded. SPHR stock price reached its highest trading level at $37.5 during the session, while it also had its lowest trading level at $36.02.
Ratios:
We take a closer look at SPHR’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.65 and its Current Ratio is at 0.65. In the meantime, Its Debt-to-Equity ratio is 0.63 whereas as Long-Term Debt/Eq ratio is at 0.27.
On February 07, 2024, BofA Securities started tracking the stock assigning a Neutral rating and target price of $43.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 1321263488 and an Enterprise Value of 2180687616. As of this moment, Sphere’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.45. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.50 while its Price-to-Book (P/B) ratio in mrq is 0.54. Its current Enterprise Value per Revenue stands at 2.471 whereas that against EBITDA is -70.32.
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 0.45%, while the 200-Day Moving Average is calculated to be -0.88%.
Shares Statistics:
According to the various share statistics, SPHR traded on average about 708.29K shares per day over the past 3-months and 813380 shares per day over the past 10 days. A total of 27.81M shares are outstanding, with a floating share count of 26.87M. Insiders hold about 23.95% of the company’s shares, while institutions hold 97.80% stake in the company. Shares short for SPHR as of 1718323200 were 7655694 with a Short Ratio of 10.81, compared to 1715731200 on 6865224. Therefore, it implies a Short% of Shares Outstanding of 7655694 and a Short% of Float of 34.669998.
