Sphere Entertainment Co had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $51.83 on 03/08/24, while the lowest price during the same period was $27.02 on 12/05/23.
52-week price history of SPHR Stock
A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Sphere Entertainment Co’s current trading price is -17.52% away from its 52-week high, while its distance from the 52-week low is 58.22%. The stock’s price range during this period has fluctuated between $27.02 and $51.83. Shares of the company, which operates in the Communication Services sector, recorded a trading volume of around 1.54 million for the day, which was evidently higher than the average daily volume of 0.73 million over the last three months.
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Financial Performance and Market Capitalization
Sphere Entertainment Co (SPHR) has experienced a quarterly rise of 25.74% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.51B and boasts a workforce of 970 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 40.48, with a change in price of +2.98. Similarly, Sphere Entertainment Co recorded 715,092 in trading volume during the last 100 days, posting a change of +7.49%.
SPHR Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for SPHR stands at 0.63. Similarly, the long-term debt-to-equity ratio is also 0.27.
SPHR Stock Stochastic Average
Sphere Entertainment Co’s raw stochastic average for the past 50 days is currently at 46.16%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 31.36%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 18.44% and 18.67%, respectively.
SPHR Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a gain of 25.88%.However, over the last six months, we can see a stronger performance of -8.67%. Over the last 30 days, the price of SPHR has leaped by -11.82%. And in the last five days, it has surged by 3.29%.
