Institutional Exposure To Madison Square Garden Entertainment Corp (MSGE)

Madison Square Garden Entertainment Corp (MSGE) concluded trading on Wednesday at a closing price of $34.30, with 0.49 million shares of worth about $16.74 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.44% during that period and on January 08, 2025 the price saw a loss of about -1.61%. Currently the company’s common shares owned by public are about 45.96M shares, out of which, 40.49M shares are available for trading.

Stock saw a price change of -3.65% in past 5 days and over the past one month there was a price change of -8.70%. Year-to-date (YTD), MSGE shares are showing a performance of -3.65% which increased to 11.11% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $30.25 but also hit the highest price of $44.14 during that period. The average intraday trading volume for Madison Square Garden Entertainment Corp shares is 410.99K. The stock is currently trading -0.40% below its 20-day simple moving average (SMA20), while that difference is down -7.03% for SMA50 and it goes to -10.11% lower than SMA200.

Madison Square Garden Entertainment Corp (NYSE: MSGE) currently have 45.96M outstanding shares and institutions hold larger chunk of about 83.33% of that.

The stock has a current market capitalization of $1.66B and its 3Y-monthly beta is at 0.06. PE ratio of stock for trailing 12 months is 9.34, while it has posted earnings per share of $3.67 in the same period. It has Quick Ratio of 0.49. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MSGE, volatility over the week remained 2.77% while standing at 3.05% over the month.

Stock’s fiscal year EPS is expected to drop by -40.55% while it is estimated to increase by 3.62% in next year. EPS is likely to shrink at an annualized rate of -13.56% for next 5-years, compared to annual growth of -6.13% made by the stock over the past 5-years.

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 Goldman on July 24, 2024 offering a Buy rating for the stock and assigned a target price range of between $41 and $45 to it. Coverage by BofA Securities stated Madison Square Garden Entertainment Corp (MSGE) stock as a Buy in their note to investors on August 22, 2023, suggesting a price target of $41 for the stock. On August 11, 2023, JP Morgan Initiated their recommendations, while on June 01, 2023, Macquarie Initiated their ratings for the stock with a price target of $43. Stock get an Equal-weight rating from Morgan Stanley on May 26, 2023.

Most Popular

Related Posts