Sphere Entertainment Co (SPHR) concluded trading on Wednesday at a closing price of $41.37, with 0.46 million shares of worth about $18.94 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -2.41% during that period and on January 08, 2025 the price saw a loss of about -1.05%. Currently the company’s common shares owned by public are about 28.91M shares, out of which, 27.19M shares are available for trading.
Stock saw a price change of 2.60% in past 5 days and over the past one month there was a price change of 5.94%. Year-to-date (YTD), SPHR shares are showing a performance of 2.60% which increased to 19.46% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $29.70 but also hit the highest price of $51.83 during that period. The average intraday trading volume for Sphere Entertainment Co shares is 844.26K. The stock is currently trading 5.71% above its 20-day simple moving average (SMA20), while that difference is up 2.08% for SMA50 and it goes to -0.09% lower than SMA200.
Sphere Entertainment Co (NYSE: SPHR) currently have 28.91M outstanding shares and institutions hold larger chunk of about 96.33% of that.
The stock has a current market capitalization of $1.48B and its 3Y-monthly beta is at 1.38. It has posted earnings per share of -$10.50 in the same period. It has Quick Ratio of 0.55 while making debt-to-equity ratio of 0.65. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SPHR, volatility over the week remained 4.60% while standing at 4.58% over the month.
Stock’s fiscal year EPS is expected to drop by -5.65% while it is estimated to increase by 8.72% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wolfe Research on October 02, 2024 offering an Outperform rating for the stock and assigned a target price of $60 to it. Coverage by The Benchmark Company stated Sphere Entertainment Co (SPHR) stock as a Sell in their note to investors on September 03, 2024, suggesting a price target of $40 for the stock. On August 16, 2024, JP Morgan Upgrade their recommendations, while on August 07, 2024, Seaport Research Partners Upgrade their ratings for the stock with a price target of $48. Stock get a Hold rating from The Benchmark Company on July 23, 2024.
