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Sphere Entertainment (SPHR)
NYSE:SPHR
RESEARCH TOOLSreports
Holding SPHR?
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SPHR Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$27.02 - $51.83
Previous Close$41.77
Volume782.05K
Average Volume (3M)724.30K
Market Cap
$1.48B
Enterprise Value$2.42B
Total Cash (Recent Filing)$573.23M
Total Debt (Recent Filing)$1.52B
Price to Earnings (P/E)―
Beta1.42
Next Earnings
Nov 06, 2024EPS Estimate
-$2.56Last Dividend Ex-Date
Apr 21, 2023Dividend YieldN/A
Share Statistics
EPS (TTM)-5.66
Shares Outstanding35,360,123
10 Day Avg. Volume809,609
30 Day Avg. Volume724,301
Standard Deviation0.17
R-Squared0.16
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)0.60
Price to Sales (P/S)1.44
Price to Cash Flow (P/CF)-5.20
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.36
Enterprise Value/Gross Profit5.06
Enterprise Value/Ebitda15.00
Forecast
1Y Price Target
$47.88Price Target Upside16.78% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
Sphere Entertainment News
PremiumCompany Announcements
Sphere Entertainment Renews CEO’s Contract with Enhanced Terms
PremiumCompany Announcements
Sphere Entertainment Revamps Employee Stock Plan Terms
Bulls Say, Bears Say
Bulls Say
Financial PerformanceThe Sphere Experience generated over $1m in average daily ticket sales.
International ExpansionThe financials since launch give further confidence that the company will succeed in signing up international franchise partners, the potential upside from which is not believed to be reflected in the stock price.
Revenue GrowthThe company has impressively generated over $75m of Sponsorship & other revenue, and is expected to grow this line significantly over the coming years.
Bears Say
Debt And ExpensesOffsetting debt benefit is higher Sphere CapEx, higher stock comp and dilution from equity grants.
Financial PerformanceSphere failed to amend its Networks term loan and entered into a 'workout' with its lenders.
Financial UncertaintyGiven the uncertainty over the Networks loan and the timing and impact of additional Spheres, a wide range of equity outcomes is expected.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
SPHR FAQ
What was Sphere Entertainment’s price range in the past 12 months?
Sphere Entertainment lowest stock price was $27.02 and its highest was $51.83 in the past 12 months.
What is Sphere Entertainment’s market cap?
Currently, no data Available
When is Sphere Entertainment’s upcoming earnings report date?
Sphere Entertainment’s upcoming earnings report date is Nov 06, 2024 which is in 47 days.
How were Sphere Entertainment’s earnings last quarter?
Sphere Entertainment released its earnings results on Aug 14, 2024. The company reported -$2 earnings per share for the quarter, beating the consensus estimate of -$2.037 by $0.037.
Is Sphere Entertainment overvalued?
According to Wall Street analysts Sphere Entertainment’s price is currently Undervalued.
Does Sphere Entertainment pay dividends?
Sphere Entertainment pays a Notavailable dividend of $32.6 which represents an annual dividend yield of N/A. See more information on Sphere Entertainment dividends here
What is Sphere Entertainment’s EPS estimate?
Sphere Entertainment’s EPS estimate is -$2.56.
How many shares outstanding does Sphere Entertainment have?
Sphere Entertainment has 28,493,368 shares outstanding.
What happened to Sphere Entertainment’s price movement after its last earnings report?
Sphere Entertainment reported an EPS of -$2 in its last earnings report, beating expectations of -$2.037. Following the earnings report the stock price went up 9.298%.
Which hedge fund is a major shareholder of Sphere Entertainment?
Among the largest hedge funds holding Sphere Entertainment’s share is Ariel Investments LLC. It holds Sphere Entertainment’s shares valued at 194M.
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Sphere Entertainment Stock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$47.88 (16.78% Upside)
$47.88 (16.78% Upside)
Blogger Sentiment
Bullish
SPHR Sentiment 100%
Sector Average 64%
Sector Average 64%
Hedge Fund Trend
Increased
By 272.5K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▲ 0.2%
Last 30 Days ▼ 6.5%
Last 30 Days ▼ 6.5%
Technicals
SMA
Positive
20 days / 200 days
Momentum
11.47%
12-Months-Change
Fundamentals
Return on Equity
-8.99%
Trailing 12-Months
Asset Growth
-0.12%
Trailing 12-Months
Company Description
Sphere Entertainment
Madison Square Garden Entertainment Corp is engaged in the entertainment business. The firm offers marquee entertainment content, popular dining and nightlife, and a premier music festival. The company's portfolio of venues includes Madison Square Garden, Hulu Theater at Madison Square Garden, Radio City Music Hall, the Beacon Theatre, the Forum in Inglewood, CA and The Chicago Theatre. The firm generates its revenue from ticket sales to its audiences for live events.
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SPHR Earnings Call
Q4 2024
0:00 / 0:00
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SPHR Stock 12 Month Forecast
Average Price Target
$47.88
▲(16.78% Upside)
Technical Analysis
Best Analysts Covering SPHR
1 Year
1 Year Success Rate
3/4 ratings generated profit
1 Year Average Return
+13.60%
reiterated a buy rating 4 days ago
Copying David Joyce's trades and holding each position for 1 Year would result in 75.00% of your transactions generating a profit, with an average return of +13.60% per trade.
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