Is Sphere Entertainment Co (NYSE: SPHR) Still On The Rise?

After Hours

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Stocks Info

This NYSE-listed company operates within the Entertainment industry segment, falling under the Communication Services sector. The current market capitalization of Sphere Entertainment Co is $1.75B. A total of 0.67 million shares were traded on the day, compared to an average of 676.53K shares.

In the most recent transaction, GREENBERG ANDREA sold 12,131 shares of SPHR for 51.00 per share on Mar 08 ’24. After the transaction, the President/CEO-MSG Networks now owns 76,650 company shares. In a previous transaction on Mar 04 ’24, DOLAN JAMES LAWRENCE bought 110,156 shares at 46.88 per share. SPHR shares that Executive Chairman / CEO owns now total 630,195.

Among the insiders who bought shares, DOLAN JAMES LAWRENCE acquired of 76,139 shares on Feb 28 ’24 at a per-share price of $40.73. This resulted in the Executive Chairman / CEO holding 520,039 shares of SPHR after the transaction. In another insider transaction, DOLAN JAMES LAWRENCE bought 59,374 shares at $41.11 per share on Feb 26 ’24. Company shares held by the Executive Chairman / CEO now total 443,900.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, SPHR has a high of $51.83 and a low of $27.02.

As of this writing, SPHR has an earnings estimate of -$2.58 per share for the current quarter. EPS was calculated based on a consensus of 5.0 estimates, with a high estimate of -$0.9 per share and a lower estimate of -$3.93.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. SPHR’s latest balance sheet shows that the firm has $747.31M in Cash & Short Term Investments as of fiscal 2022. There were $1.09B in debt and $961.10M in liabilities at the time. Its Book Value Per Share was $68.31, while its Total Shareholder’s Equity was $2.16B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SPHR is Buy with a score of 3.75.

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