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.
As of close of business last night, Sphere Entertainment Co’s stock clocked out at $41.12, down -2.63% from its previous closing price of $42.23. In other words, the price has decreased by -$2.63 from its previous closing price. On the day, 0.48 million shares were traded. SPHR stock price reached its highest trading level at $42.04 during the session, while it also had its lowest trading level at $40.71.
Ratios:
To gain a deeper understanding of SPHR’s stock, we examine 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:
Investing in insider trades can also provide an investor with insight into how management views future 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 1444911488 and an Enterprise Value of 2365906944. As of this moment, Sphere’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.56 while its Price-to-Book (P/B) ratio in mrq is 0.59. Its current Enterprise Value per Revenue stands at 3.271 whereas that against EBITDA is -28.744.
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 -7.53%, while the 200-Day Moving Average is calculated to be 8.54%.
Shares Statistics:
It appears that SPHR traded 756.49K shares on average per day over the past three months and 852320 shares per day 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 98.15% stake in the company. Shares short for SPHR as of 1711584000 were 6063722 with a Short Ratio of 8.02, 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
At present, 5.0 analysts are actively evaluating the 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 5.0 analysts recommending between $7.2 and -$6.45.
Revenue Estimates
For the next quarter, 6 analysts are estimating revenue of $298.12M. There is a high estimate of $318M for the next quarter, whereas the lowest estimate is $287M.
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 $573.83MBased 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.
