Endeavor Group Holdings Inc (EDR) Shares Up Despite Recent Market Volatility

Endeavor Group Holdings Inc (NYSE: EDR)’s stock price has increased by 2.06 compared to its previous closing price of 25.29. However, the company has seen a 0.74% increase in its stock price over the last five trading sessions. Market Watch reported 2024-04-02 that As Hollywood mogul Ari Emanuel’s media, sports and entertainment giant Endeavor Group Holdings Inc. prepares to go private, Jefferies analysts on Tuesday said the move could give more breathing room to TKO Group Holdings — the company that oversees the WWE and the UFC.

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 23.00x that is above its average ratio. Additionally, the 36-month beta value for EDR is 0.83. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 6 rating it as “hold,” and 1 rating it as “sell.”

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The public float for EDR is 192.74M and currently, short sellers hold a 4.41% ratio of that float. The average trading volume of EDR on April 03, 2024 was 2.85M shares.

EDR’s Market Performance

EDR stock saw an increase of 0.74% in the past week, with a monthly gain of 4.07% and a quarterly increase of 8.77%. The volatility ratio for the week is 2.14%, and the volatility levels for the last 30 days are 1.81% for Endeavor Group Holdings Inc (EDR). The simple moving average for the last 20 days is 3.22% for EDR stock, with a simple moving average of 10.83% for the last 200 days.

Analysts’ Opinion of EDR

Many brokerage firms have already submitted their reports for EDR stocks, with TD Cowen repeating the rating for EDR by listing it as a “Outperform.” The predicted price for EDR in the upcoming period, according to TD Cowen is $28 based on the research report published on September 12, 2023 of the previous year 2023.

Guggenheim, on the other hand, stated in their research note that they expect to see EDR reach a price target of $33. The rating they have provided for EDR stocks is “Buy” according to the report published on May 01st, 2023.

Seaport Research Partners gave a rating of “Buy” to EDR, setting the target price at $30 in the report published on April 24th of the previous year.

EDR Trading at 4.54% 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 -1.71% of loss for the given period.

Volatility was left at 1.81%, however, over the last 30 days, the volatility rate increased by 2.14%, as shares surge +5.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.05% upper at present.

During the last 5 trading sessions, EDR rose by +0.74%, which changed the moving average for the period of 200-days by +14.51% in comparison to the 20-day moving average, which settled at $25.07. In addition, Endeavor Group Holdings Inc saw 8.77% 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 Lublin Jason, who sale 20,832 shares at the price of $24.71 back on Mar 12 ’24. After this action, Lublin Jason now owns 130,187 shares of Endeavor Group Holdings Inc, valued at $514,777 using the latest closing price.

SHAPIRO MARK S, the of Endeavor Group Holdings Inc, sale 22,805 shares at $24.15 during a trade that took place back on Feb 23 ’24, which means that SHAPIRO MARK S is holding 102,966 shares at $550,837 based on the most recent closing price.

Stock Fundamentals for EDR

Current profitability levels for the company are sitting at:

  • 0.05 for the present operating margin
  • 0.59 for the gross margin

The net margin for Endeavor Group Holdings Inc stands at 0.07. The total capital return value is set at 0.02. Equity return is now at value 10.78, with 2.11 for asset returns.

Based on Endeavor Group Holdings Inc (EDR), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at 1.13. The interest coverage ratio of the stock is 0.92.

Currently, EBITDA for the company is 1.58 billion with net debt to EBITDA at 2.67. When we switch over and look at the enterprise to sales, we see a ratio of 2.01. The receivables turnover for the company is 6.34for trailing twelve months and the total asset turnover is 0.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.01.

Conclusion

In conclusion, Endeavor Group Holdings Inc (EDR) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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