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After finishing at $39.88 in the prior trading day, Madison Square Garden Entertainment Corp. (NYSE: MSGE) closed at $36.89, down -7.50%. In other words, the price has decreased by -$7.50 from its previous closing price. On the day, 1.06 million shares were traded. MSGE stock price reached its highest trading level at $38.5 during the session, while it also had its lowest trading level at $34.8336.
Ratios:
Our goal is to gain a better understanding of MSGE by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.46 and its Current Ratio is at 0.47.
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 this company, BofA Securities on August 22, 2023, initiated with a Buy rating and assigned the stock a target price of $41.
On August 11, 2023, JP Morgan started tracking the stock assigning a Neutral rating and target price of $38.
On June 01, 2023, Macquarie started tracking the stock assigning a Outperform rating and target price of $43.Macquarie initiated its Outperform rating on June 01, 2023, with a $43 target price.
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 06 ’24 when DOLAN JAMES LAWRENCE sold 37,000 shares for $38.10 per share. The transaction valued at 1,409,678 led to the insider holds 155,143 shares of the business.
DOLAN JAMES LAWRENCE sold 100,000 shares of MSGE for $3,819,790 on Mar 04 ’24. The Executive Chairman / CEO now owns 192,143 shares after completing the transaction at $38.20 per share. On Feb 28 ’24, another insider, DOLAN JAMES LAWRENCE, who serves as the Executive Chairman / CEO of the company, sold 28,796 shares for $37.71 each. As a result, the insider received 1,085,764 and left with 292,143 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 1913790464 and an Enterprise Value of 2846986496. As of this moment, Madison’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.87, and their Forward P/E ratio for the next fiscal year is 25.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.98. Its current Enterprise Value per Revenue stands at 3.184 whereas that against EBITDA is 16.514.
Stock Price History:
Over the past 52 weeks, MSGE has reached a high of $41.58, while it has fallen to a 52-week low of $27.55. The 50-Day Moving Average of the stock is -4.97%, while the 200-Day Moving Average is calculated to be 8.50%.
Shares Statistics:
The stock has traded on average 456.76K shares per day over the past 3-months and 503360 shares per day over the last 10 days, according to various share statistics. A total of 44.18M shares are outstanding, with a floating share count of 40.12M. Insiders hold about 16.40% of the company’s shares, while institutions hold 82.21% stake in the company. Shares short for MSGE as of 1713139200 were 2292544 with a Short Ratio of 5.02, compared to 1710460800 on 1955968. Therefore, it implies a Short% of Shares Outstanding of 2292544 and a Short% of Float of 6.950000000000001.
