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As of close of business last night, Sphere Entertainment Co’s stock clocked out at $44.38, down -0.38% from its previous closing price of $44.55. In other words, the price has decreased by -$0.38 from its previous closing price. On the day, 0.91 million shares were traded. SPHR stock price reached its highest trading level at $45.02 during the session, while it also had its lowest trading level at $43.83.
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 0.63. In the meantime, Its Debt-to-Equity ratio is 0.63 whereas as Long-Term Debt/Eq ratio is at 0.27.
On August 16, 2024, JP Morgan Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $37 to $57.
Seaport Research Partners Upgraded its Neutral to Buy on August 07, 2024, while the target price for the stock was maintained at $48.
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 1569281280 and an Enterprise Value of 2534278400. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.53 while its Price-to-Book (P/B) ratio in mrq is 0.65. Its current Enterprise Value per Revenue stands at 2.468 whereas that against EBITDA is 24.451.
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 4.42%, while the 200-Day Moving Average is calculated to be 12.39%.
Shares Statistics:
It appears that SPHR traded 680.58K shares on average per day over the past three months and 697430 shares per day over the past ten days. A total of 28.49M shares are outstanding, with a floating share count of 26.91M. Insiders hold about 23.90% of the company’s shares, while institutions hold 101.67% stake in the company. Shares short for SPHR as of 1723680000 were 6563283 with a Short Ratio of 9.64, compared to 1721001600 on 7024831. Therefore, it implies a Short% of Shares Outstanding of 6563283 and a Short% of Float of 29.680001999999998.
