Madison Square Garden Entertainment Corp. (NYSE: MSGE) is 16.04% higher on its value in year-to-date trading and has touched a low of $27.55 and a high of $41.58 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MSGE stock was last observed hovering at around $39.88 in the last trading session, with the day’s loss setting it -2.99%.
Currently trading at $36.89, the stock is -5.80% and -4.97% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.06 million and changing -7.50% at the moment leaves the stock 8.50% off its SMA200. MSGE registered 8.95% gain for a year compared to 6-month gain of 27.43%.
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The stock witnessed a -6.51% loss in the last 1 month and extending the period to 3 months gives it a -0.19%, and is -6.56% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.14% over the week and 2.82% over the month.
Madison Square Garden Entertainment Corp. (MSGE) has around 5820 employees, a market worth around $1.77B and $894.04M in sales. Current P/E ratio is 23.87 and Fwd P/E is 25.31. Profit margin for the company is 8.03%. Distance from 52-week low is 33.90% and -11.28% from its 52-week high. The company has generated returns on investments over the last 12 months (8.82%).
The EPS is expected to shrink by -25.69% this year
The shares outstanding are 44.18M, and float is at 40.12M with Short Float at 5.71%.
Madison Square Garden Entertainment Corp. (MSGE) Insider Activity
The most recent transaction is an insider sale by DOLAN JAMES LAWRENCE, the company’s Executive Chairman / CEO. SEC filings show that DOLAN JAMES LAWRENCE sold 37,000 shares of the company’s common stock on Mar 06 ’24 at a price of $38.10 per share for a total of $1.41 million. Following the sale, the insider now owns 0.16 million shares.
Madison Square Garden Entertainment Corp. disclosed in a document filed with the SEC on Mar 04 ’24 that DOLAN JAMES LAWRENCE (Executive Chairman / CEO) sold a total of 100,000 shares of the company’s common stock. The trade occurred on Mar 04 ’24 and was made at $38.20 per share for $3.82 million. Following the transaction, the insider now directly holds 0.19 million shares of the MSGE stock.
Still, SEC filings show that on Feb 28 ’24, DOLAN JAMES LAWRENCE (Executive Chairman / CEO) disposed off 28,796 shares at an average price of $37.71 for $1.09 million. The insider now directly holds 292,143 shares of Madison Square Garden Entertainment Corp. (MSGE).
