Sphere Entertainment Co (NYSE: SPHR) is 32.18% 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 $47.04 in the last trading session, with the day’s loss setting it -2.15%.
Currently trading at $44.89, the stock is 5.85% and 2.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.53 million and changing -4.57% at the moment leaves the stock 11.09% off its SMA200. SPHR registered 12.53% gain for a year compared to 6-month loss of -3.73%. The firm has a 50-day simple moving average (SMA 50) of $43.6836 and a 200-day simple moving average (SMA200) of $40.4715.
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The stock witnessed a 1.15% gain in the last 1 month and extending the period to 3 months gives it a 19.93%, and is 3.12% 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 3.97% over the week and 4.09% over the month.
Sphere Entertainment Co (SPHR) has around 970 employees, a market worth around $1.59B and $1.03B in sales. Profit margin for the company is -19.54%. Distance from 52-week low is 66.14% and -13.39% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.54%).
The EPS is expected to shrink by -5.16% this year
268.0 institutions hold shares in Sphere Entertainment Co (SPHR), with institutional investors hold 134.14% of the company’s shares. The shares outstanding are 28.49M, and float is at 27.29M with Short Float at 24.54%. Institutions hold 125.94% 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).
