Currently, Sphere Entertainment Co [SPHR] is trading at $44.18, up 1.84%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SPHR shares have gain 8.47% over the last week, with a monthly amount drifted -6.06%, 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 September 03, 2024, when The Benchmark Company downgraded its rating to a Sell but kept the price target unchanged to $40 for it. Previously, JP Morgan upgraded its rating to Overweight on August 16, 2024, and elevated its price target to $57. On August 07, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $48 on the stock. The Benchmark Company started tracking the stock assigning a Hold rating. Seaport Research Partners downgraded its rating to a Neutral. BofA Securities started tracking with a Neutral rating for this stock on February 07, 2024, and assigned it a price target of $43. In a note dated January 17, 2024, Wolfe Research initiated an Peer Perform rating.
This stock has fluctuated between a low of $27.02 and a high of $51.83 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $46 within the next 12 months. Sphere Entertainment Co [NYSE: SPHR] shares were valued at $44.18 at the most recent close of the market. An investor can expect a potential return of 4.12% based on the average SPHR price forecast.
Analyzing the SPHR fundamentals
Trailing Twelve Months sales for Sphere Entertainment Co [NYSE:SPHR] were 1.03B which represents 111.77% growth. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at -0.33%, Pretax Profit Margin comes in at -0.35%, and Net Profit Margin reading is -0.2%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.08 and Total Capital is -0.09. 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 43.41 points at the first support level, and at 42.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 44.66, and for the 2nd resistance point, it is at 45.15.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Sphere Entertainment Co [NYSE:SPHR] is 0.63. Also, the Quick Ratio is 0.62, while the Cash Ratio stands at 0.42. Considering the valuation of this stock, the price to sales ratio is 1.52, the price to book ratio is 0.65.
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.
