Endeavor Group Holdings Inc (NYSE:EDR) finished Friday with an addition of $0.04 to close at $19.90, an upside of 0.20 percent. An average of 3,661,180 shares of common stock have been traded in the last five days. There was a fall of -$0.53 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 3,648,800 shares traded, while the 50-day average volume stands at 2,985,496.
EDR stock has decreased by -17.60% in the last month. The company shares reached their 1-month lowest point of $19.42 on 09/26/23. 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 lost -11.71% or -$2.64 in price. In spite of this, the price is down -24.22% from the 52-week high.
Insider Transactions
EDR stock investors should be aware that Endeavor Group Holdings Inc (EDR) stock had its last reported insider trading activity 11 days ago on Sep 19. In this transaction, the insider spent $232,352. Chief Executive Officer, Emanuel Ariel, disposed of 236,487 shares at a price of $24.09 on Aug 28. The insider now owns more than $5,696,995 worth of shares. Prior to that, Executive Chairman Whitesell Patrick went on to Sale 56,797 shares at $24.13 each on Aug 28. An amount of $1,370,353 was transacted.
Valuation Metrics
Endeavor Group Holdings Inc (EDR) stock’s beta is 0.93. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.10, the price-to-book (PB) ratio at 2.41, and the price-to-cash flow ratio at 21.59.
Financial Health
The quick ratio of Endeavor Group Holdings Inc for the three months ended June 29 was 1.26, and the current ratio was 1.26, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.12 and a total debt to equity ratio of 2.19 for the quarter ending June 29. Its gross profit as reported stood at $3.2 billion compared to revenue of $5.27 billion.
Earnings Surprise
For the three-month period that ended June 29, 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 29 September was 32.29%, suggesting the stock is Neutral, with historical volatility in this time frame at 45.08%.
As of today, EDR’s price is $19.89 -2.59% or -$0.53 from its 5-day moving average. EDR is currently trading -9.09% lower than its 20-day SMA and -20.97% lower than its 100-day SMA. However, the stock’s current price level is -14.74% below the SMA50 and -8.17% below the SMA200.
The stochastic %K and %D were 17.57% and 15.33%, respectively, and the average true range (ATR) was 0.72. With the 14-day stochastic at 15.34% and the average true range at 0.73, the RSI (14) stands at 33.99%. The stock has reached -0.63 on the 9-day MACD Oscillator while the 14-day reading was at -1.00.
Analyst Ratings
TD Cowen launched coverage on Endeavor Group Holdings Inc (NYSE: EDR) in its analyst report released on September 12, 2023. The firm assigned the stock an Outperform 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 $33.00. Taking a look at these predictions, the average price target given by analysts for Endeavor Group Holdings Inc (EDR) stock is $32.64.
