Sphere Entertainment (SPHR) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $36.20 to $38.88
• 50-Day Range: $36.79 to $48.96
• 52-Week Range: $29.70 to $51.83
• Volume: 1.12 million shs
• Average Volume: 751,235 shs
• Market Capitalization: $1.37 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $50.43
• Consensus Rating: Hold

Sphere Entertainment Stock Analysis - MarketRank™

Sphere Entertainment scored higher than 60% of companies evaluated by MarketBeat, and ranked 158th out of 287 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: 3.1 / 5
• Analyst Rating: Hold

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 only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Sphere Entertainment are expected to grow in the coming year, from ($11.47) to ($8.67) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Sphere Entertainment is -3.69, 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 -3.69, 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 0.57. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

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

Percentage of Shares Shorted

30.12% 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 9.5.

Change versus previous month

Short interest in Sphere Entertainment has recently decreased by 3.99%, indicating that investor sentiment is improving.

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

30.12% 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 9.5.

Change versus previous month

Short interest in Sphere Entertainment has recently decreased by 3.99%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.21

News Sentiment

Sphere Entertainment has a news sentiment score of 1.21. 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 0.62 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Sphere Entertainment this week, compared to 5 articles on an average week.

Search Interest

Only 1 people have searched for SPHR on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Sphere Entertainment to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 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

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.

SPHR Stock Analysis - Frequently Asked Questions

How have SPHR shares performed this year?

Sphere Entertainment's stock was trading at $33.96 at the beginning of the year. Since then, SPHR shares have increased by 14.0% and is now trading at $38.70.
View the best growth stocks for 2024 here.

How were Sphere Entertainment's earnings last quarter?

Sphere Entertainment Co. (NYSE:SPHR) released its quarterly earnings results on Tuesday, November, 12th. The company reported ($2.95) earnings per share for the quarter, topping the consensus estimate of ($3.32) by $0.37. Sphere Entertainment's quarterly revenue was up 93.1% compared to the same quarter last year.

Who are Sphere Entertainment's major shareholders?

Top institutional shareholders of Sphere Entertainment include Point72 Asset Management L.P. (2.31%), State Street Corp (1.79%), Geode Capital Management LLC (1.73%) and Primecap Management Co. CA (1.21%). Insiders that own company stock include Andrea Greenberg and Entertainment Co Sphere.
View institutional ownership trends.

How do I buy shares of Sphere Entertainment?

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.

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 Invesco QQQ (QQQ), NVIDIA (NVDA), Salesforce (CRM), Meta Platforms (META), Broadcom (AVGO), Manhattan Associates (MANH) and Advanced Micro Devices (AMD).

Company Calendar

• Last Earnings: 11/12/2024
• Today: 12/21/2024
• Fiscal Year End: 6/30/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Discretionary
• Industry: Amusement & recreation services
• Sub-Industry: Entertainment
• Current Symbol: NYSE:SPHR
• CUSIP: N/A
• CIK: 1795250
• Web: www.msgentertainment.com
• Phone: 212-465-6000
• Fax: N/A
• Employees: 3,100
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $50.43
• High Stock Price Target: $63.00
• Low Stock Price Target: $40.00
• Potential Upside/Downside: +30.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.25
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($10.50)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-200,650,000.00
• Net Margins: -32.76%
• Pretax Margin: -41.81%
• Return on Equity: -16.48%
• Return on Assets: -8.30%

Debt

• Debt-to-Equity Ratio: 0.23
• Current Ratio: 0.56
• Quick Ratio: 0.56

Sales & Book Value

• Annual Sales: $1.03 million
• Price / Sales: 1,328.57
• Cash Flow: $1.61 per share
• Price / Cash Flow: 24.08
• Book Value: $68.38 per share
• Price / Book: 0.57

Miscellaneous

• Outstanding Shares: 35,360,000
• Free Float: 26,492,000
• Market Cap: $1.37 billion
• Optionable: Not Optionable
• Beta: 1.38