Ready to Jump After Recent Trade: Sphere Entertainment Co (SPHR)

With 0.74 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.73 shares. During the session, the Entertainment company that operates in wider Communication Services sector, reached to the highest price of $40.86 whereas the lowest price it dropped to was $39.47. The 52-week range on SPHR shows that it touched its highest point at $43.93 and its lowest point at $20.68 during that stretch. It currently has a 1-year price target of $42.50. Beta for the stock currently stands at 1.35.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SPHR was up-trending over the past week, with a rise of 13.78%, but this was up by 24.58% over a month. Three-month performance surged to 26.42% while six-month performance rose 3.18%. The stock gained 63.57% in the past year, while it has gained 18.64% so far this year. A look at the trailing 12-month EPS for SPHR yields 10.58 with Next year EPS estimates of -2.75. For the next quarter, that number is -0.19. This implies an EPS growth rate of -174.80% for this year and 25.40% for next year.


Float and Shares Shorts:

At present, 27.81 million SPHR shares are outstanding with a float of 26.86 million shares on hand for trading. On Jan 31, 2024, short shares totaled 6.19 million, which was 17.61% higher than short shares on Dec 29, 2023. In addition to Mr. James Lawrence Dolan as the firm’s Executive Chairman & CEO, Mr. David F. Byrnes serves as its Executive VP, CFO & Treasurer.

Institutional Ownership:

Through their ownership of 100.03% of SPHR’s outstanding shares, institutional investors have majority control over the company.


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SPHR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SPHR analysts setting a high price target of $48.00 and a low target of $37.00, the average target price over the next 12 months is $42.50. Based on these targets, SPHR could surge 19.14% to reach the target high and fall by -8.17% to reach the target low. Reaching the average price target will result in a growth of 5.49% from current levels.

Summary of Insider Activity:

Insiders traded SPHR stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 21 while that of sell transactions has risen to 8 over the past year. The total number of shares bought during that period was 212,171 while 108,136 shares were sold.