Currently, there are 44.18M common shares owned by the public and among those 40.12M shares have been available to trade.
The company’s stock has a 5-day price change of -3.92% and -13.53% over the past three months. MSGE shares are trading 4.15% year to date (YTD), with the 12-month market performance down to -15.15% lower. It has a 12-month low price of $27.55 and touched a high of $41.58 over the same period. MSGE has an average intraday trading volume of 391.12K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.54%, -11.06%, and -3.67% respectively.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Institutional ownership of Madison Square Garden Entertainment Corp. (NYSE: MSGE) shares accounts for 83.71% of the company’s 44.18M shares outstanding.
It has a market capitalization of $1.59B and a beta (3y monthly) value of 0.16. The stock’s trailing 12-month PE ratio is 27.98, while the earnings-per-share (ttm) stands at $1.18. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.73% over the week and 2.38% over the month.
Earnings per share for the fiscal year are expected to decrease by -26.52%, and 32.56% over the next financial year.
Looking at the support for the MSGE, a number of firms have released research notes about the stock. BofA Securities stated their Buy rating for the stock in a research note on August 22, 2023, with the firm’s price target at $41. JP Morgan coverage for the Madison Square Garden Entertainment Corp. (MSGE) stock in a research note released on August 11, 2023 offered a Neutral rating with a price target of $38. Macquarie was of a view on June 01, 2023 that the stock is Outperform, while Morgan Stanley gave the stock Equal-Weight rating on May 26, 2023, issuing a price target of $40. Goldman on their part issued Neutral rating on May 26, 2023.
