Sphere Entertainment Co [SPHR] stock prices are up 1.88% to $33.12 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SPHR shares have gain 4.45% over the last week, with a monthly amount drifted -26.40%, and not seem to be holding up well over a long-time horizon.
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.
The stock price of Sphere Entertainment Co [SPHR] has been fluctuating between $30.62 and $50.88 over the past year. Currently, Wall Street analysts expect the stock to reach $62 within the next 12 months. Sphere Entertainment Co [NYSE: SPHR] shares were valued at $33.12 at the most recent close of the market. An investor can expect a potential return of 87.2% based on the average SPHR price forecast.
Analyzing the SPHR fundamentals
The Sphere Entertainment Co [NYSE:SPHR] reported sales of 1.13B for trailing twelve months, representing a drop of -1.87%. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at -0.3%, Pretax Profit Margin comes in at -0.41%, and Net Profit Margin reading is -0.29%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.14 and Total Capital is -0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.44.
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 32.31 points at the first support level, and at 31.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.72, and for the 2nd resistance point, it is at 34.32.
Ratios To Look Out For
It’s worth pointing out that Sphere Entertainment Co [NYSE:SPHR]’s Current Ratio is 0.55. In addition, the Quick Ratio stands at 0.55 and the Cash Ratio stands at 0.38. Considering the valuation of this stock, the price to sales ratio is 1.05, the price to book ratio is 0.54.
Transactions by insiders
Recent insider trading involved Charles F. Dolan 2009 Revocabl, Member of 13(d) Group, that happened on Mar 10 ’25 when 55385.0 shares were sold. Other, The Charles F. Dolan 2009 Revo completed a deal on Mar 10 ’25 to buy 55385.0 shares.
