TKO Group Holdings Inc (TKO) Shares Soar Above 1-Year High

The stock of TKO Group Holdings Inc (NYSE: TKO) has increased by 1.04 when compared to last closing price of 107.49.Despite this, the company has seen a gain of 0.94% in its stock price over the last five trading days. businesswire.com reported 2024-05-23 that NEW YORK–(BUSINESS WIRE)–TKO Group Holdings, Inc. (NYSE: TKO), a premium sports and entertainment company, today announced that it has integrated the UFC and WWE Live Events teams into one unit, creating one of the strongest live events portfolios in all of sports and entertainment. The integrated unit, the TKO Live Events Strategy Team, will drive revenue growth strategies across key areas, including live event development and scheduling, tourism incentive programs, ticketing, and fan experi.

Is It Worth Investing in TKO Group Holdings Inc (NYSE: TKO) Right Now?

The 36-month beta value for TKO is at 1.03. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for TKO is 67.25M, and currently, shorts hold a 5.66% of that float. The average trading volume for TKO on May 29, 2024 was 1.19M shares.

TKO’s Market Performance

The stock of TKO Group Holdings Inc (TKO) has seen a 0.94% increase in the past week, with a 12.25% rise in the past month, and a 25.85% gain in the past quarter. The volatility ratio for the week is 2.08%, and the volatility levels for the past 30 days are at 2.20% for TKO.. The simple moving average for the past 20 days is 7.20% for TKO’s stock, with a 23.49% simple moving average for the past 200 days.

Analysts’ Opinion of TKO

Many brokerage firms have already submitted their reports for TKO stocks, with TD Cowen repeating the rating for TKO by listing it as a “Buy.” The predicted price for TKO in the upcoming period, according to TD Cowen is $127 based on the research report published on May 15, 2024 of the current year 2024.

BofA Securities, on the other hand, stated in their research note that they expect to see TKO reach a price target of $100. The rating they have provided for TKO stocks is “Buy” according to the report published on March 15th, 2024.

Goldman gave a rating of “Buy” to TKO, setting the target price at $102 in the report published on March 07th of the current year.

TKO Trading at 13.70% from the 50-Day Moving Average

After a stumble in the market that brought TKO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.47% of loss for the given period.

Volatility was left at 2.20%, however, over the last 30 days, the volatility rate increased by 2.08%, as shares surge +12.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +36.12% upper at present.

During the last 5 trading sessions, TKO rose by +0.94%, in comparison to the 20-day moving average, which settled at $101.93. In addition, TKO Group Holdings Inc saw 33.13% 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 TKO starting from MCMAHON VINCENT K, who sale 1,853,724 shares at the price of $89.01 back on Apr 10 ’24. After this action, MCMAHON VINCENT K now owns 8,021,405 shares of TKO Group Holdings Inc, valued at $164,999,973 using the latest closing price.

Whitesell Patrick, the 10% Owner of TKO Group Holdings Inc, purchase 1,642,970 shares at $89.01 during a trade that took place back on Apr 09 ’24, which means that Whitesell Patrick is holding 1,642,970 shares at $146,240,760 based on the most recent closing price.

Stock Fundamentals for TKO

Current profitability levels for the company are sitting at:

  • 0.24 for the present operating margin
  • 0.58 for the gross margin

The net margin for TKO Group Holdings Inc stands at 0.0. The total capital return value is set at 0.04. Equity return is now at value -3.77, with -1.23 for asset returns.

Based on TKO Group Holdings Inc (TKO), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 0.68. The interest coverage ratio of the stock is 1.93.

Currently, EBITDA for the company is 750.81 million with net debt to EBITDA at 3.78. When we switch over and look at the enterprise to sales, we see a ratio of 5.78. The receivables turnover for the company is 11.65for trailing twelve months and the total asset turnover is 0.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.99.

Conclusion

In conclusion, TKO Group Holdings Inc (TKO) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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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