Sphere Entertainment Co (NYSE: SPHR) is -29.14% lower on its value in year-to-date trading and has touched a low of $24.77 and a high of $50.88 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SPHR stock was last observed hovering at around $30.97 in the last trading session, with the day’s loss setting it -2.4%.
Currently trading at $28.57, the stock is -8.79% and -25.12% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.18 million and changing -7.75% at the moment leaves the stock -30.69% off its SMA200. SPHR registered -35.84% loss for a year compared to 6-month loss of -34.77%. The firm has a 50-day simple moving average (SMA 50) of $38.154 and a 200-day simple moving average (SMA200) of $41.2201.
The stock witnessed a -10.41% gain in the last 1 month and extending the period to 3 months gives it a -30.94%, and is -0.94% 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 14.66% over the week and 6.76% over the month.
Sphere Entertainment Co (SPHR) has around 970 employees, a market worth around $1.02B and $1.13B in sales. Profit margin for the company is -28.74%. Distance from 52-week low is 15.34% and -43.85% from its 52-week high. The company has generated returns on investments over the last 12 months (-11.44%).
294.0 institutions hold shares in Sphere Entertainment Co (SPHR), with institutional investors hold 133.75% of the company’s shares. The shares outstanding are 28.96M, and float is at 27.10M with Short Float at 30.28%. Institutions hold 125.68% of the Float.
The top institutional shareholder in the company is ARIEL INVESTMENTS, LLC with over 5.54 million shares valued at $194.17 million. The investor’s holdings represent 15.5696 of the SPHR Shares outstanding. As of 2024-06-30, the second largest holder is JERICHO CAPITAL ASSET MANAGEMENT L.P. with 2.54 million shares valued at $89.15 million to account for 7.1489 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 1.97 million shares representing 5.5477 and valued at over $69.18 million, while BALYASNY ASSET MANAGEMENT L.P. holds 3.3109 of the shares totaling 1.18 million with a market value of $41.29 million.
Sphere Entertainment Co (SPHR) Insider Activity
The most recent transaction is an insider sale by Charles F. Dolan 2009 Revocabl, the company’s Member of 13(d) Group. SEC filings show that Charles F. Dolan 2009 Revocabl sold 55,385 shares of the company’s common stock on Mar 10 ’25 at a price of $33.80 per share for a total of $1.87 million. Following the sale, the insider now owns 0.0 shares.
