Monitor The Insider Activity Of Madison Square Garden Sports Corp. (MSGS)


As of Wednesday close, Madison Square Garden Sports Corp.’s (NYSE:MSGS) stock was up $0.75, moving up 0.49 percent to $153.75. The average number of shares traded per day over the past five days has been 127,840 shares. 4 times new highs have been achieved over the past 5 days, with a $4.38 gain in that time frame. In the last twenty days, the average volume was 166,775, while in the previous 50 days, it was 186,482.

Since last month, MSGS stock rose 0.03%. Shares of the company fell to $145.54 on 11/09/22, the lowest level in the past month. A 52-week high of $174.59 was reached on 04/04/22 after having rallying from a 52-week low of $130.49. Since the beginning of this year, MSGS’s stock price has dropped by -7.35% or -$19.98, and marked a new high 5 times. However, the stock has declined by -11.94% since its 52-week high.

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MSGS stock investors should be aware that Madison Square Garden Sports Corp. (MSGS) stock had its last reported insider trading activity 265 days ago on Mar 04. Lustgarten Andrew, the President & CEO of the company, purchased of 6,000 shares for $166.00 on Mar 04. It resulted in a $996,000 investment by the insider. Cohen Joseph added 102 shares at an average price of $175.30 on Nov 29. The insider now owns 611 shares following the transaction.

Valuation Metrics

Right now, Madison Square Garden Sports Corp. (MSGS) has a P/E ratio of about 75.70. The stock’s beta is 0.95.

Financial Health

In the three months ended September 29, Madison Square Garden Sports Corp.’s quick ratio stood at 0.40, while its current ratio was 0.40, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 48.30% percent. In the year ended September 29, EBITDA margin amounted to 44.06%, whereas operating margins totaled 10.30%. Based on annual data, MSGS earned $320.79 million in gross profit and brought in $821.35 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 59.30%. Return on equity (ROE) for the past 12 months was -27.90%.

In Madison Square Garden Sports Corp.’s quarter-end financial report for September 29, it reported total debt of $220.0 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MSGS’s revenue rose 22.0% to $175.21 million during the quarter, while net income inched up to $24.09 million. While analysts expected Madison Square Garden Sports Corp. to report -$1.15 quarterly earnings, the actual figure was -$0.73 per share, beating the consensus estimate by 36.50%. During the quarter, the company generated -$34.87 million in EBITDA. The liabilities of Madison Square Garden Sports Corp. were 1.52 billion at the end of its most recent quarter ended September 29. The value of shareholders’ equity is $24.33 million.

Technical Picture

This quick technical analysis looks at Madison Square Garden Sports Corp.’s (MSGS) price momentum. With a historical volatility rate of 20.62%, the RSI 9-day stood at 62.27% on 23 November.

With respect to its five-day moving average, the current Madison Square Garden Sports Corp. price is up by +2.93% percent or $4.38. At present, MSGS shares trade +0.81% above its 20-day simple moving average and -1.33% percent below its 100-day simple moving average. However, the stock is currently trading approximately -1.64% below its SMA50 and -10.48% below its SMA200.

Stochastic coefficient K was 75.41% and Stochastic coefficient D was 52.30%, while ATR was 3.42. Given the Stochastic reading of 96.81% for the 14-day period, the RSI (14) reading has been calculated as 56.92%. As of today, the MACD Oscillator reading stands at 1.72, while the 14-day reading stands at 2.03.

Analyst Ratings

Madison Square Garden Sports Corp. (MSGS) has been rated Buy by analysts. According to 0 brokerage firms, MSGS is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Madison Square Garden Sports Corp. stock as buy, with 5 recommending it as overweight.

With a median target price of $228.00, the current consensus forecast for the stock is $200.00 – $244.00. Based on these forecasts, analysts predict Madison Square Garden Sports Corp. (MSGS) will achieve an average price target of $222.83.


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