TKO has 36-month beta value of 1.07. Analysts have mixed views on the stock, with 8 analysts rating it as a “buy,” 5 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for TKO is 70.62M, and currently, short sellers hold a 5.00% ratio of that float. The average trading volume of TKO on October 04, 2024 was 837.16K shares.
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TKO) stock’s latest price update
TKO Group Holdings Inc (NYSE: TKO)’s stock price has gone rise by 1.86 in comparison to its previous close of 124.08, however, the company has experienced a 2.17% increase in its stock price over the last five trading days. seekingalpha.com reported 2024-09-25 that I am positive about TKO Group Holdings due to the strong demand for live events, positioning TKO to capture this through WWE and UFC ownership. The growth outlook is robust, driven by younger generations’ preference for live experiences, with TKO’s financials reflecting this demand surge. Concerns about UFC’s renewal with ESPN are minimal, as ESPN is likely to renew, and other platforms are interested in UFC content.
TKO’s Market Performance
TKO Group Holdings Inc (TKO) has experienced a 2.17% rise in stock performance for the past week, with a 7.15% rise in the past month, and a 14.09% rise in the past quarter. The volatility ratio for the week is 2.02%, and the volatility levels for the past 30 days are at 2.07% for TKO. The simple moving average for the past 20 days is 5.53% for TKO’s stock, with a 27.47% 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 8.39% 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 able to rebound, for now settling with 0.72% of gains for the given period.
Volatility was left at 2.07%, however, over the last 30 days, the volatility rate increased by 2.02%, as shares surge +8.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.07% upper at present.
During the last 5 trading sessions, TKO rose by +2.17%, which changed the moving average for the period of 200-days by +66.32% in comparison to the 20-day moving average, which settled at $120.28. In addition, TKO Group Holdings Inc saw 54.93% 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 Silver Lake West HoldCo, L.P., who purchase 1,642,970 shares at the price of $89.01 back on Apr 09 ’24. After this action, Silver Lake West HoldCo, L.P. now owns 1,642,970 shares of TKO Group Holdings Inc, valued at $146,240,760 using the latest closing price.
SHAPIRO MARK S, the of TKO Group Holdings Inc, sale 31,026 shares at $114.76 during a trade that took place back on Sep 16 ’24, which means that SHAPIRO MARK S is holding 42,156 shares at $3,560,544 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 5.09. 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 put it simply, TKO Group Holdings Inc (TKO) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
