Sphere Entertainment Co Stock Price on October 11, 2024

SPHR Stock   37.96  0.13  0.34%   
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 37.96, as last reported on the 24th of December, with the highest price reaching 37.96 and the lowest price hitting 37.83 during the day.
IPO Date
9th of April 2020
200 Day MA
41.8037
50 Day MA
41.7588
Beta
1.415
 
Covid
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 -0.0487, which indicates the firm had a -0.0487% return per unit of risk over the last 3 months. Sphere Entertainment Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sphere Entertainment's Risk Adjusted Performance of (0.02), variance of 6.81, and Coefficient Of Variation of (2,867) to confirm the risk estimate we provide.
  
As of 12/24/2024, Stock Based Compensation To Revenue is likely to grow to 0.05, while Total Stockholder Equity is likely to drop slightly above 2 B. . As of 12/24/2024, Price Earnings To Growth Ratio is likely to grow to 0.05, while Price To Sales Ratio is likely to drop 0.98. Sphere Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0487

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Estimated Market Risk

 2.65
  actual daily
23
77% of assets are more volatile

Expected Return

 -0.13
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.05
  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
0.5986
Enterprise Value Ebitda
5.3505
Price Sales
1.2185
Shares Float
4.8 M
Wall Street Target Price
50.25

Related Headline

Pool Headline on 11th of October 2024

Filed transaction by Pool Corporation Officer: Corporate Controller. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e)

Sphere Entertainment Valuation on October 11, 2024

It is possible to determine the worth of Sphere Entertainment on a given historical date. On October 11, 2024 Sphere was worth 42.97 at the beginning of the trading date compared to the closed value of 44.48. 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
  42.70    43.38    42.15    42.99    600,069  
10/11/2024
  42.97    44.49    42.79    44.48    448,079  
  44.24    48.00    44.16    45.99    3,061,773  
Backtest Sphere Entertainment  |  Sphere Entertainment History  |  Sphere Entertainment Valuation   PreviousNext  
Open Value
42.97
44.48
Closing Value
50.92
Upside

Sphere Entertainment Trading Date Momentum on October 11, 2024

On October 14 2024 Sphere Entertainment Co was traded for  45.99  at the closing time. The top price for the day was 48.00  and the lowest listed price was  44.16 . The trading volume for the day was 3.1 M. The trading history from October 14, 2024 was a factor to the next trading day price gain. The trading price change against the next closing price was 3.39% . The trading price change against the current closing price is 4.38% .

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 ReportedProjected for Next Year
Common Stock Shares Outstanding35.3 M31.7 M
Net Income Applicable To Common Shares578.2 M607.1 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.
A focus of Sphere Entertainment technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Sphere Entertainment trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Sphere Entertainment Period Price Range

Low
December 24, 2024
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High

 0.00 

     

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Sphere Entertainment December 24, 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

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.

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.