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After finishing at $41.10 in the prior trading day, Sphere Entertainment Co (NYSE: SPHR) closed at $41.04, down -0.15%. In other words, the price has decreased by -$0.15 from its previous closing price. On the day, 0.54 million shares were traded. SPHR stock price reached its highest trading level at $41.2 during the session, while it also had its lowest trading level at $40.1899.
Ratios:
Our goal is to gain a better understanding of SPHR by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.55 and its Current Ratio is at 0.56. In the meantime, Its Debt-to-Equity ratio is 0.65 whereas as Long-Term Debt/Eq ratio is at 0.28.
On September 03, 2024, The Benchmark Company Downgraded its rating to Sell which previously was Hold but kept the price unchanged to $40.
JP Morgan Upgraded its Neutral to Overweight on August 16, 2024, whereas the target price for the stock was revised from $37 to $57.
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 1468957056 and an Enterprise Value of 1240261632. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.29 while its Price-to-Book (P/B) ratio in mrq is 0.63. Its current Enterprise Value per Revenue stands at 1.091 whereas that against EBITDA is 9.079.
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 -5.29%, while the 200-Day Moving Average is calculated to be -2.70%.
Shares Statistics:
The stock has traded on average 851.53K shares per day over the past 3-months and 974300 shares per day over the last 10 days, according to various share statistics. A total of 28.49M shares are outstanding, with a floating share count of 27.19M. Insiders hold about 24.03% of the company’s shares, while institutions hold 96.32% stake in the company. Shares short for SPHR as of 1731628800 were 8525763 with a Short Ratio of 8.79, compared to 1728950400 on 7458121. Therefore, it implies a Short% of Shares Outstanding of 8525763 and a Short% of Float of 45.019999999999996.
