Sphere Entertainment Co (NYSE:SPHR) shares, rose in value on Wednesday, March 26, with the stock price up by 2.02% to the previous day’s close as strong demand from buyers drove the stock to $33.79.
Actively observing the price movement in the last trading, the stock closed the session at $33.12, falling within a range of $33.07 and $34.305. The value of beta (5-year monthly) was 1.397. Referring to stock’s 52-week performance, its high was $50.88, and the low was $30.62. On the whole, SPHR has fluctuated by -20.27% over the past month.
With the market capitalization of Sphere Entertainment Co currently standing at about $1.21 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-02.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.16B, with a low estimate of 273M and a high estimate of 334.88M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 286.54M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SPHR’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of SPHR currently trading nearly -2.35% and -17.37% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.00, while the 7-day volatility ratio is showing 3.01% which for the 30-day chart, stands at 5.69%. Furthermore, Sphere Entertainment Co (SPHR)’s beta value is 1.47, and its average true range (ATR) is 1.73.
A comparison of Sphere Entertainment Co (SPHR) with its peers suggests the former has fared considerably weaker in the market. SPHR showed an intraday change of 2.02% in last session, and over the past year, it shrunk by -26.00%%.
Data on historical trading for Sphere Entertainment Co (NYSE:SPHR) indicates that the trading volumes over the past 10 days have averaged 0.86 and over the past 3 months, they’ve averaged 800.57K. According to company’s latest data on outstanding shares, there are 28.96 million shares outstanding.
Nearly 24.36% of Sphere Entertainment Co’s shares belong to company insiders and institutional investors own 100.84% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.66 million shares as on 2025-03-14, resulting in a short ratio of 6.88. According to the data, the short interest in Sphere Entertainment Co (SPHR) stood at 4037.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 8.22 million. The stock has fallen by -16.20% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SPHR stock heading into the next quarter.
