As of close of business last night, Sphere Entertainment Co’s stock clocked out at $48.69, up 0.77% from its previous closing price of $48.32. In other words, the price has increased by $+0.37 from its previous closing price. On the day, 587762 shares were traded.
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.
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 February 07, 2024, initiated with a Neutral rating and assigned the stock a target price of $43.
Seaport Research Partners Upgraded its Neutral to Buy on December 07, 2023, while the target price for the stock was maintained at $38.
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 1.71B and an Enterprise Value of 2.63B. As of this moment, Sphere’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.60. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.85 while its Price-to-Book (P/B) ratio in mrq is 0.69. Its current Enterprise Value per Revenue stands at 3.64 whereas that against EBITDA is 7.91.
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 38.84, while the 200-Day Moving Average is calculated to be 35.49.
Shares Statistics:
It appears that SPHR traded 747.10K shares on average per day over the past three months and 720.75k shares per day over the past ten days. A total of 27.81M shares are outstanding, with a floating share count of 26.62M. Insiders hold about 24.25% of the company’s shares, while institutions hold 98.11% stake in the company. Shares short for SPHR as of Feb 29, 2024 were 6.06M with a Short Ratio of 8.11, compared to 6.19M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 17.24% and a Short% of Float of 27.67%.
Earnings Estimates
As of right now, 5 analysts gave their recommendation on the stock of the company. 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 -$0.86, with high estimates of $0.28 and low estimates of -$1.61.
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.
