Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
Sphere Entertainment Co (NYSE: SPHR) closed the day trading at $38.59 down -5.25% from the previous closing price of $40.73. In other words, the price has decreased by -$5.25 from its previous closing price. On the day, 1.18 million shares were traded. SPHR stock price reached its highest trading level at $41.08 during the session, while it also had its lowest trading level at $37.81.
Ratios:
For a better understanding of SPHR, let’s look at its different 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:
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. 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 1356010112 and an Enterprise Value of 2277005568. As of this moment, Sphere’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.65. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.47 while its Price-to-Book (P/B) ratio in mrq is 0.55. Its current Enterprise Value per Revenue stands at 3.148 whereas that against EBITDA is -27.663.
Stock Price History:
The Beta on a monthly basis for SPHR is 1.45, which has changed by 0.37957978 over the last 52 weeks, in comparison to a change of 0.2160933 over the same period for the S&P500. 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 -13.19%, while the 200-Day Moving Average is calculated to be 2.55%.
Shares Statistics:
Over the past 3-months, SPHR traded about 709.07K shares per day on average, while over the past 10 days, SPHR traded about 658860 shares per day. 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 98.12% stake in the company. Shares short for SPHR as of 1711584000 were 6063722 with a Short Ratio of 8.55, compared to 1709164800 on 6057420. Therefore, it implies a Short% of Shares Outstanding of 6063722 and a Short% of Float of 27.700000000000003.
Earnings Estimates
Investors are keenly observing as 5 analysts analyze and rate the current performance of Sphere Entertainment Co (SPHR) in the stock market.On average, analysts expect EPS of -$0.33 for the current quarter, with a high estimate of $0.58 and a low estimate of -$1.08, while EPS last year was -$1.64. The consensus estimate for the next quarter is -$0.68, with high estimates of $0.28 and low estimates of -$1.46.
Analysts are recommending an EPS of between -$2.16 and -$5.71 for the fiscal current year, implying an average EPS of -$4.31. EPS for the following year is -$1.91, with 5 analysts recommending between $7.2 and -$6.45.
Revenue Estimates
A total of 7 analysts have provided revenue estimates for SPHR’s current fiscal year. The highest revenue estimate was $1.08B, while the lowest revenue estimate was $1.04B, resulting in an average revenue estimate of $1.06B. In the same quarter a year ago, actual revenue was $573.83M, up 84.00% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $1.22B in the next fiscal year. The high estimate is $1.34B and the low estimate is $1.13B. The average revenue growth estimate for next year is up 15.10% from the average revenue estimate for this year.
