Sphere Entertainment Co [SPHR] stock is trading at $40.76, up 1.24%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SPHR shares have gain 4.35% over the last week, with a monthly amount drifted -6.02%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Sphere Entertainment Co [NYSE: SPHR] stock has seen the most recent analyst activity on August 07, 2024, when Seaport Research Partners upgraded its rating to a Buy but kept the price target unchanged to $48 for it. On April 08, 2024, downgrade downgraded it’s rating to Neutral. BofA Securities started tracking the stock assigning a Neutral rating and suggested a price target of $43 on February 07, 2024. Wolfe Research initiated its recommendation with a Peer Perform. Seaport Research Partners upgraded its rating to Buy for this stock on December 07, 2023, but kept the price target unchanged to $38. In a note dated December 06, 2023, Guggenheim upgraded an Buy rating on this stock and boosted its target price from $38 to $40.
Sphere Entertainment Co [SPHR] stock has fluctuated between $27.02 and $51.83 over the past year. Currently, Wall Street analysts expect the stock to reach $45.5 within the next 12 months. Sphere Entertainment Co [NYSE: SPHR] shares were valued at $40.76 at the most recent close of the market. An investor can expect a potential return of 11.63% based on the average SPHR price forecast.
Analyzing the SPHR fundamentals
Sphere Entertainment Co [NYSE:SPHR] reported sales of 882.59M for the trailing twelve months, which represents a drop of -11.55%. Gross Profit Margin for this corporation currently stands at 0.14% with Operating Profit Margin at -2.56%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 2.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.15 and Total Capital is -0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.58.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 39.83 points at the first support level, and at 38.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.09, and for the 2nd resistance point, it is at 43.42.
Ratios To Look Out For
For context, Sphere Entertainment Co’s Current Ratio is 0.65. As well, the Quick Ratio is 0.65, while the Cash Ratio is 0.5. Considering the valuation of this stock, the price to sales ratio is 1.63, the price to book ratio is 0.59 and price to earnings (TTM) ratio is 3.75.
Transactions by insiders
Recent insider trading involved GREENBERG ANDREA, President/CEO-MSG Networks, that happened on Mar 08 ’24 when 12131.0 shares were sold. Executive Chairman / CEO, DOLAN JAMES LAWRENCE completed a deal on Mar 04 ’24 to buy 0.11 million shares. Meanwhile, Executive Chairman / CEO DOLAN JAMES LAWRENCE bought 76139.0 shares on Feb 28 ’24.
