In the last trading session, 1.06 million Sphere Entertainment Co (NYSE:SPHR) shares changed hands as the company’s beta touched 1.49. With the company’s per share price at $31.71 changed hands at -$0.97 or -2.97% during last session, the market valuation stood at $1.14B. SPHR’s last price was a discount, traded about -60.45% off its 52-week high of $50.88. The share price had its 52-week low at $30.62, which suggests the last value was 3.44% up since then. When we look at Sphere Entertainment Co’s average trading volume, we note the 10-day average is 1.3 million shares, with the 3-month average coming to 815.93K.
Analysts gave the Sphere Entertainment Co (SPHR) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended SPHR as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Sphere Entertainment Co’s EPS for the current quarter is expected to be -2.1.
Sphere Entertainment Co (NYSE:SPHR) trade information
Instantly SPHR was in red as seen at the end of in last trading. With action 0.22%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -21.35%, with the 5-day performance at 0.22% in the green. However, in the 30-day time frame, Sphere Entertainment Co (NYSE:SPHR) is -34.21% down. Looking at the short shares, we see there were 8.17 million shares sold at short interest cover period of 13.03 days.
The consensus price target for the stock as assigned by Wall Street analysts is 62, meaning bulls need an upside of 48.85% from its current market value. According to analyst projections, SPHR’s forecast low is 60 with 64 as the target high. To hit the forecast high, the stock’s price needs a -101.83% plunge from its current level, while the stock would need to soar -89.21% for it to hit the projected low.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 286.54M. 6 analysts are of the opinion that Sphere Entertainment Co’s revenue for the current quarter will be 294.98M.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -50.11%.
SPHR Dividends
Sphere Entertainment Co is expected to release its next quarterly earnings report on 2025-Mar-02.
Sphere Entertainment Co (NYSE:SPHR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 6.11% of Sphere Entertainment Co shares while 125.68% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 133.85%. There are 125.68% institutions holding the Sphere Entertainment Co stock share, with JERICHO CAPITAL ASSET MANAGEMENT L.P. the top institutional holder. As of 2024-06-30, the company held 7.1489% of the shares, roughly 2.54 million SPHR shares worth $89.15 million.
BALYASNY ASSET MANAGEMENT L.P. holds the second largest percentage of outstanding shares, with 3.3109% or 1.18 million shares worth $41.29 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Ariel Fund and Vanguard Total Stock Market Index Fund . With 2.12 shares estimated at $67.21 million under it, the former controlled 7.32% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 3.02% of the shares, roughly 873.28 shares worth around $27.69 million.
