Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Sphere Entertainment Co’s current trading price is -5.63% away from its 52-week high, while its distance from the 52-week low is 81.01%. The stock’s price range during this period has varied between $27.02 and $51.83. The company, active in the Communication Services sector, saw a trading volume of around 3.01 million for the day, considerably higher average daily volume of 0.79 million observed over the last three months.
Sphere Entertainment Co’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $51.83 on 03/08/24, and the lowest price during that time was $27.02, recorded on 12/05/23.
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How Financial Performance Impacts Market Capitalization
Sphere Entertainment Co (SPHR) has experienced a quarterly rise of 13.74% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.73B and boasts a workforce of 970 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 41.39, with a change in price of +11.57. Similarly, Sphere Entertainment Co recorded 767,538 in trading volume during the last 100 days, posting a change of +30.99%.
How SPHR’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to 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
As of today, the raw stochastic average of Sphere Entertainment Co over the last 50 days is at 84.70%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 94.81%. Further, the company’s Stochastic %K and %D values for the last 20 days were 77.79% and 62.86%, respectively.
SPHR Stock Price Performance Analysis
The performance of the stock price over the year has been up and down, leaving investors with either an optimistic or pessimistic outlook, depending on how they interpret the data. The index has shown a price gain of 44.02% this year. Over the last six months, there has been a weaker performance of 20.08%. The price of SPHR fallen by 17.09% during the last 30 days period. For the last 5-days stocks have improved 11.67%.
