Madison Square Garden Sports Corp (NYSE:MSGS) shares, rose in value on Friday, June 20, with the stock price up by 6.27% to the previous day’s close as strong demand from buyers drove the stock to $203.10.
Actively observing the price movement in the last trading, the stock closed the session at $191.11. The PE ratio was 1032.01 over 12-month period. Referring to stock’s 52-week performance, its high was $237.99, and the low was $173.26. On the whole, MSGS has fluctuated by 3.29% over the past month.
With the market capitalization of Madison Square Garden Sports Corp currently standing at about $4.88 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-02.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MSGS’s technical picture suggests that short-term indicators denote the stock is a 50% 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 50% Sell.
The stock’s technical analysis shows that the price of MSGS currently trading nearly 6.60% and 6.11% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 66.25, while the 7-day volatility ratio is showing 3.33% which for the 30-day chart, stands at 1.74%. Furthermore, Madison Square Garden Sports Corp (MSGS)’s beta value is 0.78, and its average true range (ATR) is 4.46.
A comparison of Madison Square Garden Sports Corp (MSGS) with its peers suggests the former has fared considerably weaker in the market. MSGS showed an intraday change of 6.27% in last session, and over the past year, it grew by 11.89%%.
Data on historical trading for Madison Square Garden Sports Corp (NYSE:MSGS) indicates that the trading volumes over the past 3 months, they’ve averaged 156.05K. According to company’s latest data on outstanding shares, there are 19.49 million shares outstanding.
Nearly 29.92% of Madison Square Garden Sports Corp’s shares belong to company insiders and institutional investors own 62.66% of the company’s shares. The stock has fallen by -10.01% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MSGS stock heading into the next quarter.
