How to Buy Sphere Entertainment Co Stock
Sphere Entertainment Co
Madison Square Garden Entertainment Corp. engages in the entertainment business. It produces, presents, or hosts various live entertainment events, including concerts, family shows, and special events, as well as sporting events, such as professional boxing, college basketball, professional bull riding, mixed martial arts, and esports in its venues, including New York's Madison Square Garden, Hulu Theater at Madison Square Garden, Radio City Music Hall and Beacon Theatre, and The Chicago Theatre.
Sphere Entertainment Co stock last closed at $41.12, down 2.63% from the previous day, and has increased 52.47% in one year. It has overperformed other stocks in the Entertainment industry by 0.41 percentage points. Sphere Entertainment Co stock is currently +98.79% from its 52-week low of $20.69, and -20.66% from its 52-week high of $51.83.
As of Apr 24, 2024, there are 35.14M shares of SPHR outstanding. The market cap of SPHR is $1.44B. In the past 24 hours, 481,612 SPHR shares were traded.
How to Buy Sphere Entertainment Co Stock
Wondering how to invest in Sphere Entertainment Co stock? Here's how.
- Decide where to buy Sphere Entertainment Co stock: You need to choose a stock brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you choose where to buy Sphere Entertainment Co stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit money your brokerage account: Select your payment method and add your details.
- Research Sphere Entertainment Co stock: The Sphere Entertainment Co ticker symbol is SPHR. Is Sphere Entertainment Co stock a good investment? Should you buy shares of SPHR? How do SPHR's underlying business fundamentals look? Do top analysts think Sphere Entertainment Co is a good buy? Why has SPHR's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if SPHR is a good stock to buy).
- Make your SPHR buy order: Decide if you will purchase SPHR shares at the current market price or use a limit order to buy SPHR shares at a particular price.
- Monitor your SPHR position: Create a watchlist to track your position in Sphere Entertainment Co shares.
Step 1: Decide where to buy Sphere Entertainment Co stock
You need an online brokerage account to access the NYSE market and buy SPHR shares.
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Get $10 towards your purchase of shares by opening an account with eToro now.
Open eToro AccountStep 2: Create your brokerage account
Now that you've chosen the right brokerage, you'll need to fill out some personal details so you are able to invest in SPHR today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to open a new brokerage account.
- Send your information by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you have opened your account on the best stock broker app, you can securely and quickly fund your account:
Watch the video below for more details depositing funds into your brokerage account.
Step 4: Research Sphere Entertainment Co stock
Once you have selected the best place to buy Sphere Entertainment Co stock, it's very important to evaluate their stock before you buy, so you can understand the risk and opportunity.
Overview of key SPHR info
SPHR Due Diligence Checks
WallStreetZen was designed to help everyday investors perform more in-depth fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on SPHR's stock page.
Is SPHR stock undervalued or overvalued?
You can use many financial metrics, analyses, models, and charts to gauge SPHR's true value.
Using relative valuations metrics:
- SPHR could be undervalued based on its P/E ratio of 3.79x, relative to Entertainment industry P/E ratio of 36.12x
- SPHR could be undervalued based on its P/B ratio of 0.59x, relative to Entertainment industry P/B ratio of 2.65x
You can do more valuation research on SPHR's stock here.
A quick look at SPHR Financials
Passed Health Checks:
- SPHR profit margin has gone up from -29.9% to 162.4% in the past year.
Failed Health Checks:
- There are more short-term liabilities than short-term assets on the SPHR balance sheet.
- There are more long-term liabilities than short-term assets on the SPHR balance sheet.
- SPHR has a relatively high debt to equity ratio of 0.98.
- SPHR has cash burn of 680257000. It does not have sufficient cash and short-term investments to cover this.
- SPHR has $651.87M in cash and short term investments. This is not sufficient to cover its annual cash burn of $680.26M.
Is Sphere Entertainment Co stock a Buy, Hold, or Sell, according to analysts?
Out of 5 sell side analysts who give forecasts on SPHR, the consensus analyst rating on SPHR is a Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are saying on the Sphere Entertainment Co stock forecast page.
Metrics for Advanced SPHR Traders
SPHR Growth Numbers
Last year, SPHR earnings were $373.12M. In the last three year, SPHR's earnings have increased by 185.9% per year. This was faster than the Entertainment industry average of 11.28%.
Last year, SPHR revenue was $229.80M. In the past four year, SPHR's revenue has gone up by -31.42% per year. This was slower than the Entertainment industry average of 14.87%.
Find out more about SPHR's earnings and revenue performance here.
What are SPHR executives and large shareholders up to?
Over the last 12 months, executives and large shareholders at SPHR have bought more shares than they have sold.
Andrea Greenberg, PresidentCEO-MSG Networks of SPHR, was the latest SPHR insider to sell. They sold $173,085.51 worth of SPHR shares on Mar 27, 2024.
Research more about who owns SPHR stock here.
Can I rely on SPHR as an income stream?
No, Sphere Entertainment Co doesn't provide an income stream by paying out dividends.
What do other investors have to say about SPHR?
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Make your SPHR buy order
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally the easiest way to buy. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific price, place a limit order.
Hit the Open button and eToro will execute your order.
If you require more help buying stocks on eToro, click the helpful video below:
Step 6: Monitor your SPHR position
Now that you own some SPHR shares, you'll want to keep up with your new investment.
Make a watchlist to get notified of important updates regarding your SPHR stock.
SPHR Feed
How to Buy Stock in Sphere Entertainment Co
To reiterate, here are the 6 steps to buy stock in Sphere Entertainment Co:
- Decide where to buy Sphere Entertainment Co stock
- Create your brokerage account
- Deposit money your brokerage account
- Research Sphere Entertainment Co stock
- Make your SPHR buy order
- Monitor your SPHR position
If you are looking for a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get the latest scoop on your new investment in Sphere Entertainment Co, get started below.
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