Sphere Entertainment Co (NYSE: SPHR)’s stock price has soared by 3.39 in relation to previous closing price of 44.48. Nevertheless, the company has seen a gain of 2.02% in its stock price over the last five trading days. investopedia.com reported 2024-10-08 that Sphere Entertainment (SPHR) stock fell Tuesday morning after announcing the unexpected departure of Chief Financial Officer (CFO) David Byrnes, who “will continue in his current role for an interim period to facilitate a smooth transition.”
Is It Worth Investing in Sphere Entertainment Co (NYSE: SPHR) Right Now?
SPHR has 36-month beta value of 1.41. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for SPHR is 26.76M, and currently, short sellers hold a 25.11% ratio of that float. The average trading volume of SPHR on October 15, 2024 was 751.12K shares.
SPHR’s Market Performance
SPHR stock saw an increase of 2.02% in the past week, with a monthly gain of 8.90% and a quarterly increase of 3.09%. The volatility ratio for the week is 5.57%, and the volatility levels for the last 30 days are 4.17% for Sphere Entertainment Co (SPHR). The simple moving average for the past 20 days is 6.12% for SPHR’s stock, with a 12.66% simple moving average for the past 200 days.
Analysts’ Opinion of SPHR
Many brokerage firms have already submitted their reports for SPHR stocks, with Wolfe Research repeating the rating for SPHR by listing it as a “Outperform.” The predicted price for SPHR in the upcoming period, according to Wolfe Research is $60 based on the research report published on October 02, 2024 of the current year 2024.
The Benchmark Company, on the other hand, stated in their research note that they expect to see SPHR reach a price target of $40. The rating they have provided for SPHR stocks is “Sell” according to the report published on September 03rd, 2024.
JP Morgan gave a rating of “Overweight” to SPHR, setting the target price at $57 in the report published on August 16th of the current year.
SPHR Trading at 4.68% 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 -11.27% of loss for the given period.
Volatility was left at 4.17%, however, over the last 30 days, the volatility rate increased by 5.57%, as shares surge +10.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.79% upper at present.
During the last 5 trading sessions, SPHR rose by +2.02%, which changed the moving average for the period of 200-days by +35.15% in comparison to the 20-day moving average, which settled at $43.34. In addition, Sphere Entertainment Co saw 35.42% 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:
- -0.33 for the present operating margin
- 0.31 for the gross margin
The net margin for Sphere Entertainment Co stands at -0.2. The total capital return value is set at -0.09. Equity return is now at value -8.99, with -4.44 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 -0.01. The debt to equity ratio resting at 0.58. The interest coverage ratio of the stock is -3.19.
Currently, EBITDA for the company is 53.92 million with net debt to EBITDA at -254.65. When we switch over and look at the enterprise to sales, we see a ratio of 2.5. The receivables turnover for the company is 4.25for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.63.
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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
