Sphere Entertainment Co (NYSE:SPHR) price on Friday, March 21, fall -0.40% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $32.09.
A look at the stock’s price movement, the close in the last trading session was $32.22, moving within a range at $31.55 and $32.12. The beta value (5-Year monthly) was 1.397. Turning to its 52-week performance, $50.88 and $30.62 were the 52-week high and 52-week low respectively. Overall, SPHR moved -32.27% over the past month.
Sphere Entertainment Co’s market cap currently stands at around $1.15 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-02.
Analysts have a consensus estimate of 286.54M for the company’s revenue for the quarter, with a low and high estimate of 273M and 334.88M respectively.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SPHR is a 100% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 1 recommend SPHR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SPHR’s current price about -11.14% and -22.48% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 29.53, while 7-day volatility ratio is 3.53% and 6.06% in the 30-day chart. Further, Sphere Entertainment Co (SPHR) has a beta value of 1.49, and an average true range (ATR) of 1.87. Analysts have given the company’s stock an average 52-week price target of $62, forecast between a low of $60 and high of $64. Looking at the price targets, the low is -86.97% off current price level while to achieve the yearly target high, price needs to move -99.44%. Nonetheless, investors will most likely welcome a -93.21% jump to $62 which is the analysts’ median price.
If we refocus on Sphere Entertainment Co (NYSE:SPHR), historical trading data shows that trading volumes averaged 1.13 over the past 10 days and 803.71K over the past 3 months. The company’s latest data on shares outstanding shows there are 28.96 million shares.
The 24.36% of Sphere Entertainment Co’s shares are in the hands of company insiders while institutional holders own 100.84% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 8.17 million on 2025-02-28, giving us a short ratio of 13.03. The data shows that as of 2025-02-28 short interest in Sphere Entertainment Co (SPHR) stood at 4305.0 of shares outstanding, with shares short rising to 7.78 million registered in 2025-01-31. Current price change has pushed the stock -20.41% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SPHR stock continues to rise going into the next quarter.
