The stock of Endeavor Group Holdings Inc. (NYSE:EDR) decreased by -$0.27 on Tuesday to $24.91, down -1.08 percent. The last five days have seen an average of 3,035,927 shares of common stock traded. 10 times new highs were reached in the current year, with a gain of $2.33. The average number of shares traded over the last 20 days was 2,012,177, while the average volume over the last 50 days totaled 1,914,209.
EDR stock appreciated 9.78% since last month. On 07/17/23, the company’s shares reached a one-month low of $22.58. The stock touched a high of $26.26 on 04/25/23, after rallying from a low of $18.58 in 52 weeks. The price of EDR stock has risen by 10.51% or $2.33 this year, reaching a new high 10 times. Still, the stock price is down -5.14% 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 64 days ago on Jun 12. On Jun 12, Chief Executive Officer Emanuel Ariel sold 154,495 shares at $22.28 each. This transaction resulted in the insider making $3,442,380. On May 05, Emanuel Ariel sold 187,542 shares at a price of US$24.94. After the transaction, the insider now owns 1,910,595 shares. Chief Executive Officer Emanuel Ariel had earlier sold 300,000 shares on May 04 for $24.66 a share. The transaction was completed for $7,399,380.
Valuation Metrics
Endeavor Group Holdings Inc. (EDR) has a trailing price-to-earnings (P/E) ratio of 43.24. Beta for the stock is 0.86. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.12, the price-to-book (PB) ratio of 2.99, and the price-to-cash flow ratio of 41.79.
Financial Health
For the three months ended June 29, Endeavor Group Holdings Inc.’s quick ratio was 1.40, while its current ratio was 1.40, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 2.00, and the total debt to equity ratio is 2.04. As far as profitability goes, gross margin for the trailing twelve months is 60.60% percent. Endeavor Group Holdings Inc.’s EBITDA margin for the year ended June 29 was 18.26%, whereas its operating margin stood at 10.30% for the same period. Based on annual data, it had gross profit of $3.2 billion and revenue of $5.27 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. EDR’s return on assets (ROA) during the last 12 months has been 1.50%. There was a 24.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 9.30%.
Earnings Surprise
According to Endeavor Group Holdings Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.44 billion, while revenues rose by 8.61% to $1.6 billion. It was predicted that Endeavor Group Holdings Inc.’s quarterly earnings would be $1.39, but it ended up being $0.29, beating the consensus by 379.30%. EBITDA was $246.33 million for the quarter. At the end of Endeavor Group Holdings Inc.’s most recent quarter ended June 29, its liabilities totaled 9.45 billion, while its total debt was $5.49 billion. Equity owned by shareholders amounts to $704.91 million.
Technical Picture
Here’s a quick look at Endeavor Group Holdings Inc.’s (EDR) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 65.42%, suggesting the stock is Neutral, with a 31.98% historical volatility rate.
The stochastic %K and %D were 82.58% and 81.86% respectively, while the average true range (ATR) was 0.64. Based on the 14-day stochastic reading of 74.17%, the RSI (14) reading is 63.41%. On the 9-day MACD Oscillator, the stock is at 0.65, and the 14-day reading is at 0.99.
Analyst Ratings
In its analyst report released on May 01, 2023, Guggenheim began covering Endeavor Group Holdings Inc. (NYSE: EDR). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Endeavor Group Holdings Inc. (EDR) an Buy rating. EDR is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 12 others recommend it as a buy.
What is EDR’s price target for the next 12 months?
The current consensus forecast for the stock is between $28.00 and $41.00, with a median target price of $33.00. In analyzing these forecasts, the average price target given by analysts for Endeavor Group Holdings Inc. (EDR) is $32.83.
