The stock of Sphere Entertainment Co (SPHR) has gone up by 2.15% for the week, with a -7.74% drop in the past month and a 1.45% rise in the past quarter. The volatility ratio for the week is 3.24%, and the volatility levels for the past 30 days are 4.44% for SPHR. The simple moving average for the last 20 days is 2.18% for SPHR stock, with a simple moving average of 8.34% for the last 200 days.
Is It Worth Investing in Sphere Entertainment Co (NYSE: SPHR) Right Now?
The price-to-earnings ratio for Sphere Entertainment Co (NYSE: SPHR) is above average at 3.90x. The 36-month beta value for SPHR is also noteworthy at 1.47. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for SPHR is 26.43M, and at present, short sellers hold a 24.21% of that float. The average trading volume of SPHR on May 10, 2024 was 672.94K shares.
SPHR) stock’s latest price update
Sphere Entertainment Co (NYSE: SPHR)’s stock price has increased by 3.62 compared to its previous closing price of 39.82. However, the company has seen a 2.15% increase in its stock price over the last five trading sessions. CNBC Television reported 2024-05-09 that Lee Munson, president and CIO at Portfolio Wealth Advisors, shares outlooks on three trades: Dropbox, ZipRecruiter, and Sphere Entertainment.
Analysts’ Opinion of SPHR
BofA Securities, on the other hand, stated in their research note that they expect to see SPHR reach a price target of $43. The rating they have provided for SPHR stocks is “Neutral” according to the report published on February 07th, 2024.
SPHR Trading at -6.86% from the 50-Day Moving Average
After a stumble in the market that brought SPHR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.39% of loss for the given period.
Volatility was left at 4.44%, however, over the last 30 days, the volatility rate increased by 3.24%, as shares sank -6.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.15% upper at present.
During the last 5 trading sessions, SPHR rose by +2.15%, which changed the moving average for the period of 200-days by +5.63% in comparison to the 20-day moving average, which settled at $40.24. In addition, Sphere Entertainment Co saw 21.50% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SPHR starting from GREENBERG ANDREA, who sale 12,131 shares at the price of $51.00 back on Mar 08 ’24. After this action, GREENBERG ANDREA now owns 76,650 shares of Sphere Entertainment Co, valued at $618,694 using the latest closing price.
DOLAN JAMES LAWRENCE, the Executive Chairman / CEO of Sphere Entertainment Co, purchase 110,156 shares at $46.88 during a trade that took place back on Mar 04 ’24, which means that DOLAN JAMES LAWRENCE is holding 630,195 shares at $5,164,270 based on the most recent closing price.
Stock Fundamentals for SPHR
Current profitability levels for the company are sitting at:
- -2.25 for the present operating margin
- 0.4 for the gross margin
The net margin for Sphere Entertainment Co stands at 1.62. The total capital return value is set at -0.15. Equity return is now at value 8.88, with 3.70 for asset returns.
Based on Sphere Entertainment Co (SPHR), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.03. The debt to equity ratio resting at 0.62. The interest coverage ratio of the stock is -4.43.
Currently, EBITDA for the company is 398.64 million with net debt to EBITDA at 3.96. When we switch over and look at the enterprise to sales, we see a ratio of 10.32. The receivables turnover for the company is 1.07for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.62.
Conclusion
In summary, Sphere Entertainment Co (SPHR) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
