MSGS Stock Summary and Trading Ideas (Madison Square Garden Sports Corp. Class A Common (New) | NYSE:MSGS)

Madison Square Garden Sports Corp is engaged in live sports and entertainment business. The Company's reportable segment: MSG Entertainment consists of live entertainment events, including concerts and other live events, such as family shows, performing arts and special events.

Madison Square Garden Sports Corp. Class A Common (New) trades on the NYSE stock market under the symbol MSGS.

As of May 16, 2024, MSGS stock price climbed to $189.13 with 68,805 million shares trading.

MSGS has a beta of 1.05, meaning it tends to be more sensitive to market movements. MSGS has a correlation of 0.23 to the broad based SPY ETF.

MSGS has a market cap of $4.53 billion. This is considered a Mid Cap stock.

Last quarter Madison Square Garden Sports Corp. Class A Common (New) reported $430 million in Revenue and $1.57 earnings per share. This beat revenue expectation by $9 million and missed earnings estimates by -$1.03.

In the last 3 years, MSGS stock traded as high as $215.79 and as low as $136.61.

The top ETF exchange traded funds that MSGS belongs to (by Net Assets): IJR, VTI, VB, VBK, VXF.

MSGS has underperformed the market in the last year with a price return of 0.0% while the SPY ETF gained +29.6%. MSGS has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.1% and +1.8%, respectively, while the SPY returned +5.6% and +5.7%, respectively.

MSGS support price is $186.16 and resistance is $190.92 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MSGS stock will trade within this expected range on the day.