In yesterday’s Wall Street session, Sphere Entertainment Co (NYSE:SPHR) shares traded at $38.42, up 1.56% from the previous session.
SPHR stock price is now -7.36% away from the 50-day moving average and -7.87% away from the 200-day moving average. The market capitalization of the company currently stands at $1.38B.
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With the price target maintained at $60, Wolfe Research recently Upgraded its rating from Peer Perform to Outperform for Sphere Entertainment Co (NYSE: SPHR). On September 03, 2024, The Benchmark Company Downgraded its previous ‘Hold’ rating to ‘Sell’ on the stock keeping its target price maintained at $40, while ‘JP Morgan’ rates the stock as ‘Overweight’
In other news, GREENBERG ANDREA, President/CEO-MSG Networks sold 12,131 shares of the company’s stock on Mar 08 ’24. The stock was sold for $618,694 at an average price of $51.00. Upon completion of the transaction, the President/CEO-MSG Networks now directly owns 76,650 shares in the company, valued at $2.94 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 04 ’24, Executive Chairman / CEO DOLAN JAMES LAWRENCE bought 110,156 shares of the business’s stock. A total of $5,164,270 was incurred on buying the stock at an average price of $46.88. This leaves the insider owning 630,195 shares of the company worth $24.21 million. A total of 24.03% of the company’s stock is owned by insiders.
During the past 12 months, Sphere Entertainment Co has had a low of $29.70 and a high of $51.83. As of last week, the company has a debt-to-equity ratio of 0.65, a current ratio of 0.56, and a quick ratio of 0.55. The fifty day moving average price for SPHR is $41.6258 and a two-hundred day moving average price translates $41.74905 for the stock.
The latest earnings results from Sphere Entertainment Co (NYSE: SPHR) was released for 2024-09-30. The net profit margin was -32.75% and return on equity was -16.04% for SPHR. The company reported revenue of $227.91 million for the quarter, compared to $118.01 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 93.14 percent.
