In the last trading session, 3.2 million Sphere Entertainment Co (NYSE:SPHR) shares changed hands as the company’s beta touched 1.53. With the company’s per share price at $28.88 changed hands at $2.41 or 9.10% during last session, the market valuation stood at $1.03B. SPHR’s last price was a discount, traded about -76.18% off its 52-week high of $50.88. The share price had its 52-week low at $23.89, which suggests the last value was 17.28% up since then. When we look at Sphere Entertainment Co’s average trading volume, we note the 10-day average is 1.03 million shares, with the 3-month average coming to 898.75K.
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 (NYSE:SPHR) trade information
Instantly SPHR was in green as seen at the end of in last trading. With action 13.79%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -28.37%, with the 5-day performance at 13.79% in the green. However, in the 30-day time frame, Sphere Entertainment Co (NYSE:SPHR) is -14.53% down. Looking at the short shares, we see there were 7.67 million shares sold at short interest cover period of 8.15 days.
The consensus price target for the stock as assigned by Wall Street analysts is 50, meaning bulls need an upside of 42.24% from its current market value. According to analyst projections, SPHR’s forecast low is 36 with 64 as the target high. To hit the forecast high, the stock’s price needs a -121.61% plunge from its current level, while the stock would need to soar -24.65% for it to hit the projected low.
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 5.99% of Sphere Entertainment Co shares while 125.03% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 133.00%. There are 125.03% institutions holding the Sphere Entertainment Co stock share, with ARIEL INVESTMENTS, LLC the top institutional holder. As of 2024-06-30, the company held 15.5696% of the shares, roughly 5.54 million SPHR shares worth $194.17 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 7.7834% or 2.77 million shares worth $97.06 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Ariel Investment Trust-Ariel Fund and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund . With 2.12 shares estimated at $61.22 million under it, the former controlled 7.32% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund held about 3.02% of the shares, roughly 873.28 shares worth around $25.22 million.
