Should Investors Trust The Upside Potential In Sphere Entertainment Co (SPHR)?

Sphere Entertainment Co (NYSE:SPHR) currently has a daily average trading volume of 1.04M but it saw 1441345 shares traded in last market. With a market cap of 1.35B USD, the company’s current market price of $37.59 came rising about 3.44 while comparing to the previous closing price of $36.34. In past 52 weeks, the stock remained buoying in the range of price level as high as $50.88 and as low as $23.89.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Susquehanna which initiated the stock as “Positive” in its note to investors issued on April 28, 2025, recommending a price target of $37 for it. Wolfe Research upgraded its recommendation for the stock as a “Outperform” from “Peer Perform” on October 02, 2024 while assigning a price target of $60. The Benchmark Company issued its recommendations for the stock as it downgraded the price target for the stock is $40.

Over the week, SPHR’s stock price is moving 0.13% up while it is 48.58% when we observe its performance for the past one month. Year-to-date it is -6.77% down and over the past year, the stock is showing an upside performance of 2.26%.

The company is expected to be releasing its next quarterly report in June, for which analysts forecasted an EPS of -1.47 while estimate for next year EPS is -6.38. In next quarter, company is expected to be making quarterly sales of $270.54M as analysts are expecting the sales for current fiscal year at $1.15B and seeing the company making $1.22B in sales next year. Moreover, analysts are in estimates of $287.61M for current-quarter revenue.

Currently, Sphere Entertainment Co’s total number of outstanding shares is 28.98M with 5.80% of that held by the insiders while 132.18% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -12.55% and return on equity (ROE) at -14.67%. Stock’s beta reads 1.62. Stock has a price to book (P/B) ratio of 0.63 while price to sale or P/S ratio amounts to 1.18. Its return on asset (ROA) is -7.22% on average.