Sphere Entertainment Co (SPHR): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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 $1.06B. A total of 1.34 million shares were traded on the day, compared to an average of 935.41K shares.

In the most recent transaction, Charles F. Dolan 2009 Revocabl sold 55,385 shares of SPHR for 33.80 per share on Mar 10 ’25. After the transaction, the Member of 13(d) Group now owns 0 company shares. In a previous transaction on Mar 10 ’25, The Charles F. Dolan 2009 Revo bought 55,385 shares at 34.83 per share.

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 $50.88 and a low of $23.89.

As of this writing, SPHR has an earnings estimate of -$2.16 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$2.03 per share and a lower estimate of -$2.25.

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 $61.45, 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 3.89.

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