Sphere Entertainment Co (NYSE: SPHR) is 36.16% 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 $44.55 in the last trading session, with the day’s gains setting it 1.69%.
Currently trading at $46.24, the stock is 9.75% and 17.62% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.17 million and changing 3.79% at the moment leaves the stock 19.87% off its SMA200. SPHR registered 20.42% gain for a year compared to 6-month gain of 9.83%.
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The stock witnessed a 7.53% loss in the last 1 month and extending the period to 3 months gives it a 22.33%, and is 14.40% 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 5.17% over the week and 5.27% over the month.
Sphere Entertainment Co (SPHR) has around 970 employees, a market worth around $1.63B and $1.03B in sales. Profit margin for the company is -19.54%. Distance from 52-week low is 71.13% and -10.79% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.54%).
Sphere Entertainment Co quarterly earnings per share for the current quarter are estimated at -2.16 with sales reaching $241.22M over the same period.The EPS is expected to grow by 4.36% this year, but quarterly earnings will post 14.50% year-over-year.
272.0 institutions hold shares in Sphere Entertainment Co (SPHR), with institutional investors hold 133.43% of the company’s shares. The shares outstanding are 28.49M, and float is at 26.87M with Short Float at 23.81%. Institutions hold 125.66% of the Float.
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).
