Sphere Entertainment Co Stock Shares Outstanding
| SPHR Stock | 39.26 2.00 4.85% |
Sphere Entertainment Co fundamentals help investors to digest information that contributes to Sphere Entertainment's financial success or failures. It also enables traders to predict the movement of Sphere Stock. The fundamental analysis module provides a way to measure Sphere Entertainment's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Sphere Entertainment stock.
As of 05/11/2024, Common Stock Shares Outstanding is likely to drop to about 31.3 M. Sphere | Shares Outstanding |
Sphere Entertainment Co Company Shares Outstanding Analysis
Sphere Entertainment's Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Current Sphere Entertainment Shares Outstanding | 28.27 M |
Most of Sphere Entertainment's fundamental indicators, such as Shares Outstanding, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Sphere Entertainment Co is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Sphere Shares Outstanding Driver Correlations
Understanding the fundamental principles of building solid financial models for Sphere Entertainment is extremely important. It helps to project a fair market value of Sphere Stock properly, considering its historical fundamentals such as Shares Outstanding. Since Sphere Entertainment's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Sphere Entertainment's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Sphere Entertainment's interrelated accounts and indicators.
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Sphere Shares Outstanding Historical Pattern
Today, most investors in Sphere Entertainment Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Sphere Entertainment's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's shares outstanding growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Sphere Entertainment shares outstanding as a starting point in their analysis.
Sphere Entertainment Shares Outstanding |
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Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
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Sphere Common Stock Shares Outstanding
Common Stock Shares Outstanding |
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Based on the latest financial disclosure, Sphere Entertainment Co has 28.27 M of shares currently outstending. This is 84.56% lower than that of the Entertainment sector and significantly higher than that of the Communication Services industry. The shares outstanding for all United States stocks is 95.06% higher than that of the company.
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Sphere Fundamentals
| Return On Equity | 0.0597 | ||||
| Return On Asset | -0.031 | ||||
| Profit Margin | 0.52 % | ||||
| Operating Margin | (0.13) % | ||||
| Current Valuation | 2.37 B | ||||
| Shares Outstanding | 28.27 M | ||||
| Shares Owned By Insiders | 5.86 % | ||||
| Shares Owned By Institutions | 94.14 % | ||||
| Number Of Shares Shorted | 6.4 M | ||||
| Price To Book | 0.60 X | ||||
| Price To Sales | 2.03 X | ||||
| Revenue | 573.83 M | ||||
| Gross Profit | 233.3 M | ||||
| EBITDA | 398.64 M | ||||
| Net Income | 505.68 M | ||||
| Total Debt | 1.32 B | ||||
| Book Value Per Share | 75.07 X | ||||
| Cash Flow From Operations | 153.59 M | ||||
| Short Ratio | 10.96 X | ||||
| Earnings Per Share | 4.04 X | ||||
| Target Price | 43.25 | ||||
| Number Of Employees | 690 | ||||
| Beta | 1.46 | ||||
| Market Capitalization | 1.38 B | ||||
| Total Asset | 4.97 B | ||||
| Retained Earnings | 212.04 M | ||||
| Working Capital | (68.23 M) | ||||
| Net Asset | 4.97 B |
About Sphere Entertainment Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Sphere Entertainment Co's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sphere Entertainment using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sphere Entertainment Co based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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When determining whether Sphere Entertainment is a strong investment it is important to analyze Sphere Entertainment's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Sphere Entertainment's future performance. For an informed investment choice regarding Sphere Stock, refer to the following important reports:Check out Sphere Entertainment Piotroski F Score and Sphere Entertainment Altman Z Score analysis. Note that the Sphere Entertainment information on this page should be used as a complementary analysis to other Sphere Entertainment's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary 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.
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Is Sphere Entertainment's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Sphere Entertainment. If investors know Sphere will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Sphere Entertainment listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 4.04 | Revenue Per Share 20.705 | Quarterly Revenue Growth 0.969 | Return On Assets (0.03) | Return On Equity 0.0597 |
The market value of Sphere Entertainment is measured differently than its book value, which is the value of Sphere that is recorded on the company's balance sheet. Investors also form their own opinion of Sphere Entertainment's value that differs from its market value or its book value, called intrinsic value, which is Sphere Entertainment's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sphere Entertainment's market value can be influenced by many factors that don't directly affect Sphere Entertainment's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sphere Entertainment's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sphere Entertainment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sphere Entertainment's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.