Currently, there are 28.91M common shares owned by the public and among those 27.11M shares have been available to trade.
The company’s stock has a 5-day price change of 1.60% and 17.68% over the past three months. SPHR shares are trading 19.54% year to date (YTD), with the 12-month market performance up to 16.59% higher. It has a 12-month low price of $32.10 and touched a high of $51.83 over the same period. SPHR has an average intraday trading volume of 693.69K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.15%, 15.10%, and 16.03% respectively.
Institutional ownership of Sphere Entertainment Co (NYSE: SPHR) shares accounts for 100.81% of the company’s 28.91M shares outstanding.
It has a market capitalization of $1.73B and a beta (3y monthly) value of 1.39. The earnings-per-share (ttm) stands at -$10.50. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.41% over the week and 3.74% over the month.
Earnings per share for the fiscal year are expected to increase by 0.51%, and 4.45% over the next financial year. EPS should grow at an annualized rate of 3.62% over the next five years, compared to -50.11% over the past 5-year period.
Looking at the support for the SPHR, a number of firms have released research notes about the stock. Wolfe Research stated their Outperform rating for the stock in a research note on October 02, 2024, with the firm’s price target at $60. The Benchmark Company coverage for the Sphere Entertainment Co (SPHR) stock in a research note released on September 03, 2024 offered a Sell rating with a price target of $40. JP Morgan was of a view on August 16, 2024 that the stock is Overweight, while Seaport Research Partners gave the stock Buy rating on August 07, 2024, issuing a price target of $48. The Benchmark Company on their part issued Hold rating on July 23, 2024.
