Endeavor Group Holdings Inc. (EDR) Price Target: Is It Set To Rise Or Fall In Price?

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Endeavor Group Holdings Inc. (NYSE:EDR) traded with an addition of $0.87 to close at $21.61 on Thursday, an upside of 4.19 percent. An average of 747,768 shares of common stock have been traded in the last five days. There was a gain of $0.75 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 1,205,212 shares traded, while the 50-day average volume stands at 1,241,173.

EDR stock has decreased by -2.40% in the last month. The company shares reached their 1-month lowest point of $19.64 on 12/16/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $17.42 and a high of $35.28 in 52 weeks. It has reached a new high 1 time so far this year and lost -40.56% or -$13.39 in price. In spite of this, the price is down -38.76% from the 52-week high.

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Insider Transactions

EDR stock investors should be aware that Endeavor Group Holdings Inc. (EDR) stock had its last reported insider trading activity 28 days ago on Dec 01. In this transaction, the insider spent $9,632,031. President, SHAPIRO MARK S, disposed of 3,005 shares at a price of $21.58 on Nov 21. The insider now owns more than $64,849 worth of shares. Prior to that, President SHAPIRO MARK S went on to Sale 110,000 shares at $21.71 each on Nov 18. An amount of $2,388,628 was transacted.

Valuation Metrics

Endeavor Group Holdings Inc. (EDR) has a trailing price-to-earnings (P/E) ratio of 18.21. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.79, the price-to-book (PB) ratio at 2.98, and the price-to-cash flow ratio at 21.75.

Financial Health

The quick ratio of Endeavor Group Holdings Inc. for the three months ended June 29 was 1.10, and the current ratio was 1.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.68 and a total debt to equity ratio of 2.73 for the quarter ending June 29. Its gross profit as reported stood at $2.48 billion compared to revenue of $5.08 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Endeavor Group Holdings Inc.’s return on assets was 2.70%.

Earnings Surprise

For the three-month period that ended June 29, Endeavor Group Holdings Inc. had $5.34 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$10.04 million in the quarter, while revenues of $25.81 million were grew 523.21%. The analyst consensus anticipated Endeavor Group Holdings Inc.’s latest quarter earnings to come in at $0.28 per share, but it turned out to be $0.29, a 3.60% surprise. For the quarter, EBITDA amounted to $232.37 million. Shareholders own equity worth $702.41 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Endeavor Group Holdings Inc. (EDR) price momentum. RSI 9-day as of the close on 28 December was 58.88%, suggesting the stock is Neutral, with historical volatility in this time frame at 32.48%.

As of today, EDR’s price is $20.93 +3.59% or $0.75 from its 5-day moving average. EDR is currently trading -2.25% lower than its 20-day SMA and -9.80% lower than its 100-day SMA. However, the stock’s current price level is +0.96% above the SMA50 and -19.73% below the SMA200.

The stochastic %K and %D were 53.40% and 46.44%, respectively, and the average true range (ATR) was 0.65. With the 14-day stochastic at 70.00% and the average true range at 0.69, the RSI (14) stands at 54.16%. The stock has reached 0.41 on the 9-day MACD Oscillator while the 14-day reading was at 0.14.

Analyst Ratings

BofA Securities launched coverage on Endeavor Group Holdings Inc. (NYSE: EDR) in its analyst report released on August 04, 2022. The firm assigned the stock a Buy rating. The consensus rating for Endeavor Group Holdings Inc. (EDR) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell EDR, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 11 others rate it as a “buy”.

What is EDR’s price target for the next 12 months?

Analysts predict a range of price targets between $28.00 and $41.00, with a median target of $30.00. Taking a look at these predictions, the average price target given by analysts for Endeavor Group Holdings Inc. (EDR) stock is $31.25.

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