In the past week, SPHR stock has gone up by 5.81%, with a monthly decline of -4.74% and a quarterly surge of 11.80%. The volatility ratio for the week is 3.50%, and the volatility levels for the last 30 days are 5.00% for Sphere Entertainment Co The simple moving average for the past 20 days is 1.04% for SPHR’s stock, with a 10.31% simple moving average for the past 200 days.
Is It Worth Investing in Sphere Entertainment Co (NYSE: SPHR) Right Now?
Sphere Entertainment Co (NYSE: SPHR) has a higher price-to-earnings ratio of 3.91x compared to its average ratio. SPHR has 36-month beta value of 1.43. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for SPHR is 26.87M, and currently, short sellers hold a 23.81% ratio of that float. The average trading volume of SPHR on August 14, 2024 was 653.48K shares.
SPHR) stock’s latest price update
The stock of Sphere Entertainment Co (NYSE: SPHR) has increased by 4.26 when compared to last closing price of 40.76.Despite this, the company has seen a gain of 5.81% in its stock price over the last five trading days. zacks.com reported 2024-08-14 that Sphere Entertainment (SPHR) came out with a quarterly loss of $2 per share versus the Zacks Consensus Estimate of a loss of $2.47. This compares to earnings of $10.21 per share a year ago.
Analysts’ Opinion of SPHR
Many brokerage firms have already submitted their reports for SPHR stocks, with Seaport Research Partners repeating the rating for SPHR by listing it as a “Buy.” The predicted price for SPHR in the upcoming period, according to Seaport Research Partners is $48 based on the research report published on August 07, 2024 of the current year 2024.
SPHR Trading at 8.47% 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 -18.01% of loss for the given period.
Volatility was left at 5.00%, however, over the last 30 days, the volatility rate increased by 3.50%, as shares sank -0.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.39% upper at present.
During the last 5 trading sessions, SPHR rose by +6.59%, which changed the moving average for the period of 200-days by +26.53% in comparison to the 20-day moving average, which settled at $42.05. In addition, Sphere Entertainment Co saw 25.13% 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:
- -2.56 for the present operating margin
- 0.14 for the gross margin
The net margin for Sphere Entertainment Co stands at 2.04. The total capital return value is set at -0.14. Equity return is now at value 9.20, with 3.76 for asset returns.
Based on Sphere Entertainment Co (SPHR), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 0.58. The interest coverage ratio of the stock is -4.56.
Currently, EBITDA for the company is 398.64 million with net debt to EBITDA at 2.94. When we switch over and look at the enterprise to sales, we see a ratio of 12.46. The receivables turnover for the company is 0.93for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.65.
Conclusion
To put it simply, Sphere Entertainment Co (SPHR) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
