Sphere Entertainment Co (NYSE:SPHR) has a beta value of 1.58 and has seen 0.87 million shares traded in the last trading session. The company, currently valued at $889.94M, closed the last trade at $24.84 per share which meant it gained $0.56 on the day or 2.31% during that session. The SPHR stock price is -104.83% off its 52-week high price of $50.88 and 3.82% above the 52-week low of $23.89. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.93 million shares traded. The 3-month trading volume is 881.06K shares.
The consensus among analysts is that Sphere Entertainment Co (SPHR) is Hold stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 4 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -2.16.
Sphere Entertainment Co (NYSE:SPHR) trade information
Sporting 2.31% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the SPHR stock price touched $24.84 or saw a rise of 8.27%. Year-to-date, Sphere Entertainment Co shares have moved -38.39%, while the 5-day performance has seen it change -6.26%. Over the past 30 days, the shares of Sphere Entertainment Co (NYSE:SPHR) have changed -22.59%. Short interest in the company has seen 8.21 million shares shorted with days to cover at 7.6.
Wall Street analysts have a consensus price target for the stock at $50, which means that the shares’ value could jump 50.32% from current levels. The projected low price target is $36.0 while the price target rests at a high of $64.0. In that case, then, we find that the current price level is -157.65% off the targeted high while a plunge would see the stock gain -44.93% from current levels.
Sphere Entertainment Co (SPHR) estimates and forecasts
The company’s shares have lost -47.85% over the past 6 months.
7 analysts offering their estimates for the company have set an average revenue estimate of 284.41M for the current quarter. 6 have an estimated revenue figure of 295.64M for the next ending quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -50.11% over the past 5 years.
SPHR Dividends
Sphere Entertainment Co is expected to release its next earnings report on 2025-Mar-02 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Sphere Entertainment Co (NYSE:SPHR)’s Major holders
Insiders own 6.03% of the company shares, while shares held by institutions stand at 125.94% with a share float percentage of 134.02%. Investors are also buoyed by the number of investors in a company, with Sphere Entertainment Co having a total of 296.0 institutions that hold shares in the company. The top two institutional holders are ARIEL INVESTMENTS, LLC with over 5.54 million shares worth more than $194.17 million. As of 2024-06-30, ARIEL INVESTMENTS, LLC held 15.5696% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 2.77 million shares as of 2024-06-30. The firm’s total holdings are worth over $97.06 million and represent 7.7834% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Ariel Investment Trust-Ariel Fund and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund . As of Dec 31, 2024 , the former fund manager holds about 7.32% shares in the company for having 2.12 shares of worth $52.65 million while later fund manager owns 873.28 shares of worth $21.69 million as of Dec 31, 2024 , which makes it owner of about 3.02% of company’s outstanding stock.
