TKO Group Holdings Inc (NYSE: TKO)’s stock price has decreased by -0.09 compared to its previous closing price of 122.00. However, the company has seen a 0.71% increase in its stock price over the last five trading sessions. prnewswire.com reported 2024-09-13 that The WEKA Data Platform Will Power the First Live Sporting Event at Sphere, Honoring the Contributions of Mexican Fighters to Combat Sports in Celebration of Mexican Independence Day CAMPBELL, Calif., Sept. 13, 2024 /PRNewswire/ — WekaIO Inc. (WEKA), the data platform company for AI, announced today that it is partnering with UFC®, the world’s premier mixed martial arts (MMA) organization, to provide the underlying data management and infrastructure supporting its UFC 306 AT RIYADH SEASON NOCHE UFC live broadcast event at Sphere Las Vegas on September 14 th.
Is It Worth Investing in TKO Group Holdings Inc (NYSE: TKO) Right Now?
The stock has a 36-month beta value of 1.05. Opinions on the stock are mixed, with 8 analysts rating it as a “buy,” 6 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for TKO is 70.62M, and at present, short sellers hold a 5.20% of that float. On September 25, 2024, the average trading volume of TKO was 849.87K shares.
TKO’s Market Performance
TKO stock saw an increase of 0.71% in the past week, with a monthly gain of 3.27% and a quarterly increase of 13.80%. The volatility ratio for the week is 2.11%, and the volatility levels for the last 30 days are 1.91% for TKO Group Holdings Inc (TKO). The simple moving average for the past 20 days is 3.41% for TKO’s stock, with a 25.11% simple moving average for the past 200 days.
Analysts’ Opinion of TKO
Many brokerage firms have already submitted their reports for TKO stocks, with Pivotal Research Group repeating the rating for TKO by listing it as a “Buy.” The predicted price for TKO in the upcoming period, according to Pivotal Research Group is $170 based on the research report published on September 13, 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 $140, previously predicting the price at $100. The rating they have provided for TKO stocks is “Buy” according to the report published on August 20th, 2024.
Redburn Atlantic gave a rating of “Buy” to TKO, setting the target price at $129 in the report published on July 18th of the current year.
TKO Trading at 6.77% 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 -2.87% of loss for the given period.
Volatility was left at 1.91%, however, over the last 30 days, the volatility rate increased by 2.11%, as shares surge +3.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.41% upper at present.
During the last 5 trading sessions, TKO rose by +0.71%, which changed the moving average for the period of 200-days by +66.58% in comparison to the 20-day moving average, which settled at $118.10. In addition, TKO Group Holdings Inc saw 49.41% 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 SHAPIRO MARK S, who sale 31,026 shares at the price of $114.76 back on Sep 16 ’24. After this action, SHAPIRO MARK S now owns 42,156 shares of TKO Group Holdings Inc, valued at $3,560,544 using the latest closing price.
MARK SHAPIRO, the Officer of TKO Group Holdings Inc, proposed sale 60,651 shares at $116.84 during a trade that took place back on Sep 16 ’24, which means that MARK SHAPIRO is holding shares at $7,086,463 based on the most recent closing price.
Stock Fundamentals for TKO
Current profitability levels for the company are sitting at:
- 0.25 for the present operating margin
- 0.56 for the gross margin
The net margin for TKO Group Holdings Inc stands at -0.01. The total capital return value is set at 0.05. Equity return is now at value -3.26, with -1.12 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 0.21. The debt to equity ratio resting at 0.69. The interest coverage ratio of the stock is 2.47.
Currently, EBITDA for the company is 750.81 million with net debt to EBITDA at 2.77. When we switch over and look at the enterprise to sales, we see a ratio of 4.95. The receivables turnover for the company is 8.63for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.99.
Conclusion
To sum up, TKO Group Holdings Inc (TKO) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
