Madison Square Garden Entertainment Corp. (NYSE:MSGE) went up by 1.62% from its latest closing price compared to the recent 1-year high of $121.42. The company’s stock price has collected -5.81% of loss in the last five trading sessions. Press Release reported on 11/18/21 that Caesars Sportsbook Named an Official Sports Betting Partner of the Knicks, Rangers, Madison Square Garden Arena and MSG Networks
Is It Worth Investing in Madison Square Garden Entertainment Corp. (NYSE :MSGE) Right Now?
Opinions of the stock are interesting as 4 analysts out of 7 who provided ratings for Madison Square Garden Entertainment Corp. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 2 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $97.86, which is $28.01 above the current price. MSGE currently public float of 26.28M and currently shorts hold a 8.44% ratio of that float. Today, the average trading volume of MSGE was 351.17K shares.
MSGE’s Market Performance
MSGE stocks went down by -5.81% for the week, with a monthly drop of -1.54% and a quarterly performance of -8.97%, while its annual performance rate touched -15.37%. The volatility ratio for the week stands at 4.67% while the volatility levels for the past 30 days are set at 3.98% for Madison Square Garden Entertainment Corp.. The simple moving average for the period of the last 20 days is -6.73% for MSGE stocks with a simple moving average of -17.29% for the last 200 days.
Analysts’ Opinion of MSGE
Many brokerage firms have already submitted their reports for MSGE stocks, with Morgan Stanley repeating the rating for MSGE by listing it as a “Underweight.” The predicted price for MSGE in the upcoming period, according to Morgan Stanley is $65 based on the research report published on August 17th of the current year 2021.
Wolfe Research, on the other hand, stated in their research note that they expect to see MSGE reach a price target of $96. The rating they have provided for MSGE stocks is “Peer Perform” according to the report published on June 17th, 2021.
JP Morgan gave a rating of “Neutral” to MSGE, setting the target price at $105 in the report published on February 16th of the current year.
MSGE Trading at -6.02% from the 50-Day Moving Average
After a stumble in the market that brought MSGE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -43.28% of loss for the given period.
Volatility was left at 3.98%, however, over the last 30 days, the volatility rate increased by 4.67%, as shares sank -0.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.46% lower at present.
During the last 5 trading sessions, MSGE fell by -5.81%, which changed the moving average for the period of 200-days by -32.04% in comparison to the 20-day moving average, which settled at $73.80. In addition, Madison Square Garden Entertainment Corp. saw -34.43% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at MSGE starting from Yospe Joseph F, who sale 3,052 shares at the price of $80.09 back on Sep 24. After this action, Yospe Joseph F now owns 3,909 shares of Madison Square Garden Entertainment Corp., valued at $244,435 using the latest closing price.
D’Ambrosio Philip Gerard, the SVP and Treasurer of Madison Square Garden Entertainment Corp., sale 500 shares at $87.75 during a trade that took place back on Dec 23, which means that D’Ambrosio Philip Gerard is holding 2,928 shares at $43,875 based on the most recent closing price.
Stock Fundamentals for MSGE
Current profitability levels for the company are sitting at:
- -229.83 for the present operating margin
- -50.95 for the gross margin
The net margin for Madison Square Garden Entertainment Corp. stands at -233.26. The total capital return value is set at -12.40, while invested capital returns managed to touch -13.21. Equity return is now at value -17.70, with -8.90 for asset returns.
Based on Madison Square Garden Entertainment Corp. (MSGE), the company’s capital structure generated 38.98 points at debt to equity in total, while total debt to capital is 28.05. Total debt to assets is 21.56, with long-term debt to equity ratio resting at 35.94. Finally, the long-term debt to capital ratio is 25.86.
When we switch over and look at the enterprise to sales, we see a ratio of 4.52, with the company’s debt to enterprise value settled at 0.49. The receivables turnover for the company is 1.69 and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.16.