Sphere Entertainment Co (NYSE:SPHR)’s traded shares stood at 0.89 million during the last session, with the company’s beta value hitting 1.51. At the close of trading, the stock’s price was $27.09, to imply a decrease of -5.18% or -$1.48 in intraday trading. The SPHR share’s 52-week high remains $50.88, putting it -87.82% down since that peak but still an impressive 8.56% since price per share fell to its 52-week low of $24.77. The company has a valuation of $970.56M, with an average of 1.18 million shares in intraday trading volume over the past 10 days and average of 873.88K shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Sphere Entertainment Co (SPHR), translating to a mean rating of 2.00. Of 4 analyst(s) looking at the stock, 0 analyst(s) give SPHR a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -2.14.
Sphere Entertainment Co (NYSE:SPHR) trade information
After registering a -5.18% downside in the last session, Sphere Entertainment Co (SPHR) has traded red over the past five days. The 5-day price performance for the stock is 1.38%, and -12.44% over 30 days. With these gigs, the year-to-date price performance is -32.81%. Short interest in Sphere Entertainment Co (NYSE:SPHR) saw shorts transact 7.66 million shares and set a 6.88 days time to cover.
The extremes give us $64 and $64 for target low and target high price respectively. As such, SPHR has been trading -136.25% off suggested target high and -136.25% from its likely low.
Revenue forecast for the current quarter as set by 7 analysts is 285.01M. Meanwhile, for the current quarter, a total of 7 analyst(s) estimate revenue growth to 293.02M.
SPHR Dividends
Sphere Entertainment Co has its next earnings report out on 2025-Mar-02. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Sphere Entertainment Co (NYSE:SPHR)’s Major holders
Sphere Entertainment Co insiders hold 6.03% of total outstanding shares, with institutional holders owning 125.68% of the shares at 133.75% float percentage. In total, 125.68% institutions holds shares in the company, led by ARIEL INVESTMENTS, LLC. As of 2024-06-30, the company held over 5.54 million shares (or 15.5696% of shares), all amounting to roughly $194.17 million.
The next major institution holding the largest number of shares is JERICHO CAPITAL ASSET MANAGEMENT L.P. with 2.54 million shares, or about 7.1489% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $89.15 million.
We also have Ariel Investment Trust-Ariel Fund and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Sphere Entertainment Co (SPHR) shares. Going by data provided on Dec 31, 2024 , Ariel Investment Trust-Ariel Fund holds roughly 2.12 shares. This is just over 7.32% of the total shares, with a market valuation of $57.42 million. Data from the same date shows that the other fund manager holds a little less at 873.28, or 3.02% of the shares, all valued at about 23.66 million.
