Sphere Entertainment Co [SPHR] stock is trading at $41.04, down -2.45%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SPHR shares have gain 1.68% over the last week, with a monthly amount drifted -7.30%, 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 October 02, 2024, when Wolfe Research upgraded its rating to a Outperform but kept the price target unchanged to $60 for it. Previously, The Benchmark Company downgraded its rating to Sell on September 03, 2024, and kept the price target unchanged to $40. On August 16, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $57 on the stock. Seaport Research Partners upgraded its rating to a Buy but stick to its price target of $48 on August 07, 2024. The Benchmark Company initiated its recommendation with a Hold. Seaport Research Partners downgraded its rating to Neutral for this stock on April 08, 2024. In a note dated February 07, 2024, BofA Securities initiated an Neutral rating and provided a target price of $43 on this stock.
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 $54.75 within the next 12 months. Sphere Entertainment Co [NYSE: SPHR] shares were valued at $41.04 at the most recent close of the market. An investor can expect a potential return of 33.41% based on the average SPHR price forecast.
Analyzing the SPHR fundamentals
Sphere Entertainment Co [NYSE:SPHR] reported sales of 1.14B for the trailing twelve months, which represents a growth of 93.14%. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at -0.34%, Pretax Profit Margin comes in at -0.42%, and Net Profit Margin reading is -0.33%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is -0.15 and Total Capital is -0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.58.
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 40.45 points at the first support level, and at 39.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.14, and for the 2nd resistance point, it is at 43.23.
Ratios To Look Out For
For context, Sphere Entertainment Co’s Current Ratio is 0.56. Further, the Quick Ratio stands at 0.55, while the Cash Ratio is 0.41. Considering the valuation of this stock, the price to sales ratio is 1.29, the price to book ratio is 0.63.
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.
