Endeavor Group Holdings Inc. (NYSE:EDR) saw an upside of 0.94% to close Tuesday at $24.75 after adding $0.23 on the day. The 5-day average trading volume is 2,143,400 shares of the company’s common stock. It has gained $25.06 in the past week and touched a new high 1 time within the past 5 days. An average of 2,185,260 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,019,296.
EDR’s 1-month performance is 4.30% or $1.58 on its low of $23.08 reached on 08/02/23. The company’s shares have touched a 52-week low of $18.58 and high of $26.26, with the stock’s rally to the 52-week high happening on 04/25/23. YTD, EDR has achieved 9.80% or $2.21 and has reached a new high 10 times. However, the current price is down -5.75% from the 52-week high price.
Insider Transactions
EDR stock investors last saw insider trading activity on Aug 17.SHAPIRO MARK S () most recently sold 240,000 shares at $24.29 per share on Aug 17. This transaction cost the insider $5,830,128., SHAPIRO MARK S, sold 229,032 shares at a price of $24.66 on Aug 16. Then, on Jun 12, Chief Executive Officer Emanuel Ariel sold 154,495 shares at a price of $22.28 per share. This transaction amounted to $3,442,380.
Valuation Metrics
EDR stock has a beta of 0.84. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.11 while the price-to-book (PB) in the most recent quarter is 2.97, with the price to cash flow ratio at 41.64.
Endeavor Group Holdings Inc.’s quick ratio for the period ended June 29 was 1.40, with the current ratio over the same period at 1.40. As well, the company’s long term debt to equity for the quarter ending June 29 was 2.00, while the total debt to equity was 2.04.. In terms of profitability, the gross margin trailing 12 months is 60.60%. The trailing 12-month EBITDA margin is 18.26% while for the period ending June 29, Endeavor Group Holdings Inc.’s operating margin was 10.30%. The firm’s gross profit as reported stood at $3.2 billion against revenue of $5.27 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 93.6% to $403.17 million, while revenue of $8.03 million was 98.01% off the previous quarter. Analysts expected EDR to announce $0.29 per share in earnings in its latest quarter, but it posted $1.39, representing a 379.30% surprise. EBITDA for the quarter stood at more than $246.33 million. EDR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 9.45 billion, with total debt at $5.49 billion. Shareholders hold equity totaling $704.91 million.
Let’s look briefly at Endeavor Group Holdings Inc. (EDR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 59.55% to suggest the stock is trending Neutral, with historical volatility in this time period at 19.33%.
The stock’s 5-day moving average is $24.46, reflecting a -1.39% or -$0.35 change from its current price. EDR is currently trading +4.25% above its 20-day SMA, +7.33% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +10.84% and SMA200 by+18.53%.
Stochastic %K and %D was 61.12% and 55.41% and the average true range (ATR) pointed at 0.59. The RSI (14) points at 59.17%, while the 14-day stochastic is at 67.67% with the period’s ATR at 0.59. The stock’s 9-day MACD Oscillator is pointing at -0.17 and 0.12 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Endeavor Group Holdings Inc. (NYSE: EDR), Guggenheim launched coverage with a Buy rating. Analysts offering their rating for EDR stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate EDR as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 12 have offered a “buy” rating.
What is EDR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $28.00 and a high of $41.00, with their median price target at $33.00. Looking at these predictions, the average price target given by analysts is for Endeavor Group Holdings Inc. (EDR) stock is $32.83.
