Sphere Entertainment Co (NYSE: SPHR) is 24.82% higher on its value in year-to-date trading and has touched a low of $27.02 and a high of $51.83 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 SPHR stock was last observed hovering at around $39.71 in the last trading session, with the day’s gains setting it 2.68%.
Currently trading at $42.39, the stock is 19.02% and 14.29% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.11 million and changing 6.75% at the moment leaves the stock 11.99% off its SMA200. SPHR registered 21.46% gain for a year compared to 6-month gain of 22.41%.
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The stock witnessed a 15.44% loss in the last 1 month and extending the period to 3 months gives it a -4.81%, and is 17.33% up 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 4.51% over the week and 4.06% over the month.
Sphere Entertainment Co (SPHR) has around 1100 employees, a market worth around $1.50B and $882.59M in sales. Current P/E ratio is 3.90. Profit margin for the company is 43.36%. Distance from 52-week low is 56.88% and -18.21% from its 52-week high. The company has generated returns on investments over the last 12 months (12.36%).
The EPS is expected to shrink by -208.62% this year
The shares outstanding are 27.81M, and float is at 26.87M with Short Float at 28.49%.
Sphere Entertainment Co (SPHR) Insider Activity
The most recent transaction is an insider sale by GREENBERG ANDREA, the company’s President/CEO-MSG Networks. SEC filings show that GREENBERG ANDREA sold 12,131 shares of the company’s common stock on Mar 08 ’24 at a price of $51.00 per share for a total of $0.62 million. Following the sale, the insider now owns 76650.0 shares.
Sphere Entertainment Co disclosed in a document filed with the SEC on Mar 04 ’24 that DOLAN JAMES LAWRENCE (Executive Chairman / CEO) bought a total of 110,156 shares of the company’s common stock. The trade occurred on Mar 04 ’24 and was made at $46.88 per share for $5.16 million. Following the transaction, the insider now directly holds 0.63 million shares of the SPHR stock.
Still, SEC filings show that on Feb 28 ’24, DOLAN JAMES LAWRENCE (Executive Chairman / CEO) acquired 76,139 shares at an average price of $40.73 for $3.1 million. The insider now directly holds 520,039 shares of Sphere Entertainment Co (SPHR).
