As of Friday close, Endeavor Group Holdings Inc.’s (NYSE:EDR) stock was down -$0.32, moving down -1.54 percent to $20.43. The average number of shares traded per day over the past five days has been 5,180,120 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.79 fall in that time frame. In the last twenty days, the average volume was 3,788,335, while in the previous 50 days, it was 2,835,344.
Since last month, EDR stock retreated -15.93%. Shares of the company fell to $19.64 on 09/21/23, the lowest level in the past month. A 52-week high of $26.26 was reached on 04/25/23 after having rallying from a 52-week low of $18.58. Since the beginning of this year, EDR’s stock price has dropped by -9.36% or -$2.11, and marked a new high 10 times. However, the stock has declined by -22.20% since its 52-week high.
EDR stock investors should be aware that Endeavor Group Holdings Inc. (EDR) stock had its last reported insider trading activity 4 days ago on Sep 19. Lublin Jason, the Chief Financial Officer of the company, disposed of 10,416 shares for $22.31 on Sep 19. It resulted in a $232,352 divestment by the insider. Emanuel Ariel sold 236,487 shares at an average price of $24.09 on Aug 28. The insider now owns 279,597 shares following the transaction. On Aug 28, Executive Chairman Whitesell Patrick sold 56,797 shares at $24.13 apiece. The transaction was valued at $1,370,353.
Valuation Metrics
Right now, Endeavor Group Holdings Inc. (EDR) has a P/E ratio of about 35.47. The stock’s beta is 0.91. Besides these, the trailing price-to-sales (P/S) ratio of 1.79, the price-to-book (PB) ratio of 2.46, and the price-to-cash flow ratio of 35.22 may also be considered.
Financial Health
In the three months ended June 29, Endeavor Group Holdings Inc.’s quick ratio stood at 1.40, while its current ratio was 1.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.00, and the total debt-to-equity ratio was 2.04. On the profitability front, the trailing twelve-month gross margin is 60.60% percent. In the year ended June 29, EBITDA margin amounted to 18.26%, whereas operating margins totaled 10.30%. Based on annual data, EDR earned $3.2 billion in gross profit and brought in $5.27 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 24.30%. Return on equity (ROE) for the past 12 months was 9.30%.
In Endeavor Group Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $5.01 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. EDR’s revenue rose 8.61% to $1.6 billion during the quarter, while net income inched up to $1.44 billion. While analysts expected Endeavor Group Holdings Inc. to report $0.29 quarterly earnings, the actual figure was $1.39 per share, beating the consensus estimate by 379.30%. During the quarter, the company generated $246.33 million in EBITDA. The liabilities of Endeavor Group Holdings Inc. were 9.45 billion at the end of its most recent quarter ended June 29, and its total debt was $5.49 billion. The value of shareholders’ equity is $704.91 million.
Technical Picture
This quick technical analysis looks at Endeavor Group Holdings Inc.’s (EDR) price momentum. With a historical volatility rate of 45.55%, the RSI 9-day stood at 30.58% on 22 September.
With respect to its five-day moving average, the current Endeavor Group Holdings Inc. price is down by -3.72% percent or -$0.79. At present, EDR shares trade -14.87% below its 20-day simple moving average and -20.35% percent below its 100-day simple moving average. However, the stock is currently trading approximately -8.34% below its SMA50 and -6.54% below its SMA200.
Stochastic coefficient K was 33.66% and Stochastic coefficient D was 34.77%, while ATR was 0.87. Given the Stochastic reading of 26.16% for the 14-day period, the RSI (14) reading has been calculated as 33.73%. As of today, the MACD Oscillator reading stands at -0.38, while the 14-day reading stands at -0.42.
Analyst Ratings
TD Cowen launched its rating on Endeavor Group Holdings Inc. (NYSE: EDR) to an Outperform in a note to investors on September 12, 2023. Endeavor Group Holdings Inc. (EDR) has been rated Buy by analysts. According to 0 brokerage firms, EDR is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Endeavor Group Holdings Inc. stock as buy, with 11 recommending it as overweight.
With a median target price of $33.00, the current consensus forecast for the stock is $28.00 – $41.00. Based on these forecasts, analysts predict Endeavor Group Holdings Inc. (EDR) will achieve an average price target of $32.64.
