Sphere Entertainment Co Stock Price on May 8, 2024
| SPHR Stock | 34.27 0.22 0.64% |
Below is the normalized historical share price chart for Sphere Entertainment Co extending back to April 09, 2020. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Sphere Entertainment stands at 34.27, as last reported on the 20th of June, with the highest price reaching 34.89 and the lowest price hitting 33.96 during the day.
If you're considering investing in Sphere Stock, it is important to understand the factors that can impact its price. Sphere Entertainment owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.16, which indicates the firm had a -0.16% return per unit of risk over the last 3 months. Sphere Entertainment Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sphere Entertainment's Risk Adjusted Performance of (0.11), coefficient of variation of (547.97), and Variance of 7.02 to confirm the risk estimate we provide.
As of 06/20/2024, Common Stock Shares Outstanding is likely to drop to about 31.3 M. In addition to that, Total Stockholder Equity is likely to drop to about 1.9 B. At this time, Sphere Entertainment's Price To Operating Cash Flows Ratio is relatively stable compared to the past year. As of 06/20/2024, Price Cash Flow Ratio is likely to grow to 7.46, while Price To Sales Ratio is likely to drop 1.02. Sphere Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 9th of April 2020 | 200 Day MA 37.8831 | 50 Day MA 38.5438 | Beta 1.429 |
Sphere |
Sharpe Ratio = -0.1605
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| Negative Returns | SPHR |
Estimated Market Risk
| 2.66 actual daily | 23 77% of assets are more volatile |
Expected Return
| -0.43 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.16 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Sphere Entertainment is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Sphere Entertainment by adding Sphere Entertainment to a well-diversified portfolio.
Price Book 0.5958 | Enterprise Value Ebitda 7.1822 | Price Sales 2.0306 | Shares Float 24.4 M | Wall Street Target Price 42.75 |
Sphere Entertainment Valuation on May 8, 2024
It is possible to determine the worth of Sphere Entertainment on a given historical date. On May 8, 2024 Sphere was worth 40.26 at the beginning of the trading date compared to the closed value of 39.82. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Sphere Entertainment stock. Still, in general, we apply an absolute valuation method to find Sphere Entertainment's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Sphere Entertainment where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Sphere Entertainment's related companies.
| Open | High | Low | Close | Volume | |
| 40.66 | 41.36 | 40.44 | 40.68 | 328,865 | |
05/08/2024 | 40.26 | 40.73 | 39.34 | 39.82 | 587,841 |
| 40.02 | 41.31 | 39.54 | 41.26 | 1,085,874 |
| Backtest Sphere Entertainment | | | Sphere Entertainment History | | | Sphere Entertainment Valuation | Previous | Next |
Sphere Entertainment Trading Date Momentum on May 8, 2024
| On May 09 2024 Sphere Entertainment Co was traded for 41.26 at the closing time. The top price for the day was 41.31 and the lowest listed price was 39.54 . The trading volume for the day was 1.1 M. The trading history from May 9, 2024 was a factor to the next trading day price gain. The trading price change against the next closing price was 3.62% . The trading price change against the current closing price is 9.29% . |
Sphere Entertainment Fundamentals Correlations and Trends
By evaluating Sphere Entertainment's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Sphere Entertainment's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Sphere financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Sphere Entertainment Stock history
Sphere Entertainment investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Sphere is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Sphere Entertainment will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Sphere Entertainment stock prices may prove useful in developing a viable investing in Sphere Entertainment
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 40.2 M | 31.3 M | |
| Net Income Applicable To Common Shares | 578.2 M | 607.1 M |
Sphere Entertainment Stock Technical Analysis
Sphere Entertainment technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Sphere Entertainment Period Price Range
Low | May 8, 2024
| High |
40.26 | 39.82 |
Sphere Entertainment June 20, 2024 Market Strength
Market strength indicators help investors to evaluate how Sphere Entertainment stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sphere Entertainment shares will generate the highest return on investment. By undertsting and applying Sphere Entertainment stock market strength indicators, traders can identify Sphere Entertainment Co entry and exit signals to maximize returns
| Accumulation Distribution | 20061.36 | |||
| Daily Balance Of Power | (0.32) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 40.03 | |||
| Day Typical Price | 39.96 | |||
| Price Action Indicator | (0.43) | |||
| Period Momentum Indicator | (5.55) | |||
| Relative Strength Index | 36.86 |
Sphere Entertainment Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Sphere Entertainment's price direction in advance. Along with the technical and fundamental analysis of Sphere Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Sphere to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.50) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (0.25) |
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Additional Tools for Sphere Stock Analysis
When running Sphere Entertainment's price analysis, check to measure Sphere Entertainment's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sphere Entertainment is operating at the current time. Most of Sphere Entertainment's value examination focuses on studying past and present price action to predict the probability of Sphere Entertainment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sphere Entertainment's price. Additionally, you may evaluate how the addition of Sphere Entertainment to your portfolios can decrease your overall portfolio volatility.