Endeavor Group Holdings Inc. (NYSE:EDR) finished Friday with a subtraction of -$0.33 to close at $23.67, a downside of -1.37 percent. An average of 2,599,600 shares of common stock have been traded in the last five days. There was a fall of -$0.77 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 2,406,335 shares traded, while the 50-day average volume stands at 2,097,716.
EDR stock has increased by 2.29% in the last month. The company shares reached their 1-month lowest point of $23.08 on 08/02/23. With the stock rallying to its 52-week high on 04/25/23, shares of the company touched a low of $18.58 and a high of $26.26 in 52 weeks. It has reached a new high 10 times so far this year and achieved 5.01% or $1.13 in price. In spite of this, the price is down -9.86% 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 5 days ago on Aug 21. In this transaction, the insider spent $508,764., SHAPIRO MARK S, disposed of 240,000 shares at a price of $24.29 on Aug 17. The insider now owns more than $5,830,128 worth of shares. Prior to that, SHAPIRO MARK S went on to Sale 229,032 shares at $24.66 each on Aug 16. An amount of $5,647,883 was transacted.
Valuation Metrics
Endeavor Group Holdings Inc. (EDR) has a trailing price-to-earnings (P/E) ratio of 41.09. The stock’s beta is 0.85. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.02, the price-to-book (PB) ratio at 2.84, and the price-to-cash flow ratio at 39.82.
Financial Health
The quick ratio of Endeavor Group Holdings Inc. for the three months ended June 30 was 1.40, and the current ratio was 1.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.00 and a total debt to equity ratio of 2.04 for the quarter ending June 30. Endeavor Group Holdings Inc.’s EBITDA margin for the year ending June 30 is 18.26%, while its operating margin for the same period stands at 10.30%. Its gross profit as reported stood at $3.2 billion compared to revenue of $5.27 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 1.50%.
Earnings Surprise
For the three-month period that ended June 30, Endeavor Group Holdings Inc. had $5.01 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 $403.17 million in the quarter, while revenues were grew 93.6%. The analyst consensus anticipated Endeavor Group Holdings Inc.’s latest quarter earnings to come in at $0.29 per share, but it turned out to be $1.39, a 379.30% surprise. For the quarter, EBITDA amounted to $246.33 million. Shareholders own equity worth $704.91 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 25 August was 38.72%, suggesting the stock is Neutral, with historical volatility in this time frame at 18.99%.
As of today, EDR’s price is $24.25 -3.15% or -$0.77 from its 5-day moving average. However, the stock’s current price level is +5.01% above the SMA50 and +10.56% above the SMA200.
The stochastic %K and %D were 33.73% and 47.55%, respectively, and the average true range (ATR) was 0.58. With the 14-day stochastic at 17.57% and the average true range at 0.59, the RSI (14) stands at 44.93%. The stock has reached -0.39 on the 9-day MACD Oscillator while the 14-day reading was at -0.52.
Analyst Ratings
Guggenheim launched coverage on Endeavor Group Holdings Inc. (NYSE: EDR) in its analyst report released on May 01, 2023. 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 12 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 $33.00. Taking a look at these predictions, the average price target given by analysts for Endeavor Group Holdings Inc. (EDR) stock is $32.83.
