Sphere Entertainment (MSGE) Stock Price, News & Analysis

Company Overview

Sphere Entertainment Co. is a premier live entertainment and media company. The Company includes Sphere, a next-generation entertainment medium powered by cutting-edge technologies to redefine the future of entertainment. The first Sphere venue opened in Las Vegas in September 2023. In addition, the Company includes MSG Networks, which operates two regional sports and entertainment networks, MSG Network and MSG Sportsnet, as well as a direct-to-consumer and authenticated streaming product, MSG+, delivering a wide range of live sports content and other programming. More information is available at www.sphereentertainmentco.com.

Key Stats

• Today's Range: $36.16 to $36.69
• 50-Day Range: $33.05 to $38.87
• 52-Week Range: $32.40 to $44.14
• Volume: 279,220 shs
• Average Volume: 373,522 shs
• Market Capitalization: $1.75 billion
• P/E Ratio: 9.93
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Sphere Entertainment Stock Analysis - MarketRank™

Sphere Entertainment scored higher than 56% of companies evaluated by MarketBeat, and ranked 231st out of 294 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Sphere Entertainment.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 8.23%

Earnings Growth

Earnings for Sphere Entertainment are expected to grow by 8.23% in the coming year, from $1.58 to $1.71 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Sphere Entertainment is 9.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.51.

Price to Earnings Ratio vs. Sector

The P/E ratio of Sphere Entertainment is 9.97, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 15.73.

Price to Earnings Growth Ratio

Sphere Entertainment has a PEG Ratio of 3.23. PEG Ratios above 1 indicate that a company could be overvalued.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

4.69% 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 4.5.

Change versus previous month

Short interest in Sphere Entertainment has recently increased by 7.34%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Sphere Entertainment does not currently pay a dividend.

Dividend Growth

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

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.69% 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 4.5.

Change versus previous month

Short interest in Sphere Entertainment has recently increased by 7.34%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.6 / 5
• News Sentiment: 1.47

News Sentiment

Sphere Entertainment has a news sentiment score of 1.47. 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 0.66 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Sphere Entertainment this week, compared to 4 articles on an average week.

Search Interest

5 people have searched for MSGE on MarketBeat in the last 30 days.

MarketBeat Follows

3 people have added Sphere Entertainment to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

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

17.85% 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

96.86% of the stock of Sphere Entertainment is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MSGE Stock Analysis - Frequently Asked Questions

How have MSGE shares performed this year?

Sphere Entertainment's stock was trading at $35.60 on January 1st, 2025. Since then, MSGE stock has increased by 2.5% and is now trading at $36.4790.
View the best growth stocks for 2025 here.

Who are Sphere Entertainment's major shareholders?

Top institutional shareholders of Sphere Entertainment include Assenagon Asset Management S.A. (1.78%), Rhumbline Advisers (0.13%), Exchange Traded Concepts LLC (0.06%) and Radnor Capital Management LLC (0.05%).

How do I buy shares of Sphere Entertainment?

Shares of MSGE 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.

What other stocks do shareholders of Sphere Entertainment own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Sphere Entertainment investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

• Today: 1/30/2025
• Next Earnings (Estimated): 2/05/2025
• Fiscal Year End: 6/30/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Discretionary
• Industry: Miscellaneous amusement & recreation services
• Sub-Industry: Entertainment
• Current Symbol: NYSE:MSGE
• Previous Symbol: NYSE:MSGE
• CUSIP: N/A
• CIK: 1795250
• Web: www.msgentertainment.com
• Phone: (212) 465-6000
• Fax: N/A
• Employees: 6,700
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $3.66
• Trailing P/E Ratio: 9.96
• Forward P/E Ratio: 23.06
• P/E Growth: 3.23
• Net Income: $144.30 million
• Net Margins: 18.38%
• Pretax Margin: 7.40%
• Return on Equity: -261.70%
• Return on Assets: 11.63%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.50
• Quick Ratio: 0.50

Sales & Book Value

• Annual Sales: $959.27 million
• Price / Sales: 1.83
• Cash Flow: $5.48 per share
• Price / Cash Flow: 6.65
• Book Value: ($0.56) per share
• Price / Book: -65.05

Miscellaneous

• Outstanding Shares: 48,060,000
• Free Float: 39,479,000
• Market Cap: $1.75 billion
• Optionable: Optionable
• Beta: 0.04