Endeavor Group Holdings Inc. (NYSE: EDR)’s stock price has decreased by -1.88 compared to its previous closing price of 23.39. Despite this, the company has experienced a -2.34% fall in its stock price over the last five trading sessions. Barron’s reported on 07/07/22 that Two Media Stocks That Look Oversold, According to Citi
Is It Worth Investing in Endeavor Group Holdings Inc. (NYSE: EDR) Right Now?
Endeavor Group Holdings Inc. (NYSE: EDR) has a price-to-earnings ratio of 45.99x that is above its average ratio. There are mixed opinions on the stock, with 12 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The average price predicted by analysts for EDR is $31.25, which is $8.3 above the current price. The public float for EDR is 60.10M and currently, short sellers hold a 8.87% ratio of that float. The average trading volume of EDR on March 16, 2023 was 1.71M shares.
EDR’s Market Performance
EDR’s stock has seen a -2.34% decrease for the week, with a 6.50% rise in the past month and a 5.91% gain in the past quarter. The volatility ratio for the week is 3.28%, and the volatility levels for the past 30 days are at 3.52% for Endeavor Group Holdings Inc. The simple moving average for the last 20 days is 1.21% for EDR stock, with a simple moving average of 4.61% for the last 200 days.
Analysts’ Opinion of EDR
Many brokerage firms have already submitted their reports for EDR stocks, with BofA Securities repeating the rating for EDR by listing it as a “Buy.” The predicted price for EDR in the upcoming period, according to BofA Securities is $28 based on the research report published on August 04th of the previous year 2022.
Citigroup, on the other hand, stated in their research note that they expect to see EDR reach a price target of $25. The rating they have provided for EDR stocks is “Buy” according to the report published on July 07th, 2022.
Credit Suisse gave a rating of “Outperform” to EDR, setting the target price at $40 in the report published on June 24th of the previous year.
EDR Trading at 3.98% from the 50-Day Moving Average
After a stumble in the market that brought EDR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -26.72% of loss for the given period.
Volatility was left at 3.52%, however, over the last 30 days, the volatility rate increased by 3.28%, as shares surge +6.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.82% upper at present.
During the last 5 trading sessions, EDR fell by -2.34%, which changed the moving average for the period of 200-days by +1.82% in comparison to the 20-day moving average, which settled at $22.74. In addition, Endeavor Group Holdings Inc. saw 1.82% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EDR starting from SHAPIRO MARK S, who sale 15,995 shares at the price of $22.21 back on Feb 23. After this action, SHAPIRO MARK S now owns 28,317 shares of Endeavor Group Holdings Inc., valued at $355,222 using the latest closing price.
Lublin Jason, the Chief Financial Officer of Endeavor Group Holdings Inc., sale 12,562 shares at $22.20 during a trade that took place back on Feb 23, which means that Lublin Jason is holding 23,693 shares at $278,881 based on the most recent closing price.
Stock Fundamentals for EDR
Current profitability levels for the company are sitting at:
- +13.20 for the present operating margin
- +55.72 for the gross margin
The net margin for Endeavor Group Holdings Inc. stands at +2.45. Equity return is now at value 6.90, with 1.10 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.94.
Conclusion
In conclusion, Endeavor Group Holdings Inc. (EDR) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
