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NYSE:SPHR

Sphere Entertainment (SPHR) Stock Price, News & Analysis

Sphere Entertainment logo
$41.80
-0.62 (-1.46%)
(As of 10/31/2024 ET)

About Sphere Entertainment Stock (NYSE:SPHR)

Key Stats

Today's Range
$41.79
$43.24
50-Day Range
$39.76
$50.07
52-Week Range
$27.02
$51.83
Volume
706,502 shs
Average Volume
741,760 shs
Market Capitalization
$1.48 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$50.71
Consensus Rating
Hold

Company Overview

Sphere Entertainment Co. engages in the entertainment business. It produces, presents, or hosts various live entertainment events, including concerts, family shows, and special events, as well as sporting events, such as professional boxing, college basketball and hockey, professional bull riding, mixed martial arts, and esports and wrestling in its venues, including The Garden, Hulu Theater, Radio City Music Hall, and the Beacon Theatre in New York City; and The Chicago Theatre. The company also operates entertainment dining and nightlife venues markets under the Tao, Marquee, Lavo, Beauty & Essex, Cathédrale, Hakkasan, and Omnia brand names. The company was formerly known as Madison Square Garden Entertainment Corp. and changed its name to Sphere Entertainment Co. in April 2023. Sphere Entertainment Co. was founded in 2006 and is based in New York, New York.

Sphere Entertainment Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
54th Percentile Overall Score

SPHR MarketRank™: 

Sphere Entertainment scored higher than 54% of companies evaluated by MarketBeat, and ranked 179th out of 289 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Sphere Entertainment has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 3 buy ratings, 4 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Sphere Entertainment has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Sphere Entertainment's stock forecast and price target.
  • Earnings Growth

    Earnings for Sphere Entertainment are expected to grow in the coming year, from ($9.60) to ($7.45) per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Sphere Entertainment is -7.39, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Sphere Entertainment is -7.39, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Sphere Entertainment has a P/B Ratio of 0.61. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Sphere Entertainment's valuation and earnings.
  • Percentage of Shares Shorted

    27.88% of the float of Sphere Entertainment has been sold short.
  • Short Interest Ratio / Days to Cover

    Sphere Entertainment has a short interest ratio ("days to cover") of 9.
  • Change versus previous month

    Short interest in Sphere Entertainment has recently increased by 11.01%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Sphere Entertainment does not currently pay a dividend.

  • Dividend Growth

    Sphere Entertainment does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    27.88% of the float of Sphere Entertainment has been sold short.
  • Short Interest Ratio / Days to Cover

    Sphere Entertainment has a short interest ratio ("days to cover") of 9.
  • Change versus previous month

    Short interest in Sphere Entertainment has recently increased by 11.01%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Sphere Entertainment has a news sentiment score of 1.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Consumer Discretionary companies.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for Sphere Entertainment this week, compared to 5 articles on an average week.
  • Insider Buying vs. Insider Selling

    In the past three months, Sphere Entertainment insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    25.08% of the stock of Sphere Entertainment is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    92.03% of the stock of Sphere Entertainment is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Sphere Entertainment's insider trading history.
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SPHR Stock News Headlines

Red Bull driver Max Verstappen, of the Netherlands, drives past the Sphere during the Formula One L…
The world’s second Sphere will be built in the UAE capital after the first opened in Las Vegas
The world’s second Sphere will be built in the capital of the United Arab Emirates after the opening of the first in Las Vegas
Banking failure dead ahead
If you missed it, my emergency election broadcast is now available - but will be removed soon
See More Headlines

SPHR Stock Analysis - Frequently Asked Questions

Sphere Entertainment's stock was trading at $33.96 at the start of the year. Since then, SPHR shares have increased by 23.1% and is now trading at $41.80.
View the best growth stocks for 2024 here
.

Sphere Entertainment Co. (NYSE:SPHR) announced its quarterly earnings results on Wednesday, August, 14th. The company reported ($2.00) EPS for the quarter, beating analysts' consensus estimates of ($2.47) by $0.47. The firm's quarterly revenue was up 111.8% on a year-over-year basis.

Top institutional investors of Sphere Entertainment include O Keefe Stevens Advisory Inc. (0.53%), Carnegie Investment Counsel (0.47%), North Star Investment Management Corp. (0.38%) and Portman Square Capital LLP. Insiders that own company stock include Andrea Greenberg and Entertainment Co Sphere.
View institutional ownership trends
.

Shares of SPHR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Sphere Entertainment investors own include Invesco QQQ (QQQ), NVIDIA (NVDA), Salesforce (CRM), Meta Platforms (META), Broadcom (AVGO), Manhattan Associates (MANH) and Advanced Micro Devices (AMD).

Company Calendar

Last Earnings
8/14/2024
Today
10/31/2024
Next Earnings (Estimated)
11/13/2024
Fiscal Year End
6/30/2025

Industry, Sector and Symbol

Industry
Amusement & recreation services
Sub-Industry
Entertainment
Fax
N/A
Employees
3,100
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$50.71
High Stock Price Target
$63.00
Low Stock Price Target
$40.00
Potential Upside/Downside
+19.6%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
8 Analysts

Profitability

Net Income
$-200,650,000.00
Pretax Margin
-35.08%

Debt

Sales & Book Value

Annual Sales
$1.03 million
Cash Flow
$1.50 per share
Book Value
$68.38 per share

Miscellaneous

Free Float
26,492,000
Market Cap
$1.50 billion
Optionable
Not Optionable
Beta
1.41
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This page (NYSE:SPHR) was last updated on 10/31/2024 by MarketBeat.com Staff
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