Endeavor Group Holdings Inc (EDR) Shares Rise Despite Market Challenges

Endeavor Group Holdings Inc (NYSE: EDR) has experienced a rise in its stock price by 0.41 compared to its previous closing price of 29.13. However, the company has seen a fall of -0.07% in its stock price over the last five trading days. businesswire.com reported 2024-10-24 that BEVERLY HILLS, Calif.–(BUSINESS WIRE)–Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor” or the “Company”), a global sports and entertainment company, today announced that it has commenced a review and potential sale of certain events within its IMG portfolio, including but not limited to the Miami Open and Madrid Open, two legendary ATP Masters 1000 and WTA 1000 tennis tournaments, and Frieze, the world’s leading platform for modern and contemporary art. This review follows the announceme.

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

Company’s 36-month beta value is 0.78.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 6 as “hold,” and 1 as “sell.”

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The public float for EDR is 195.18M, and currently, short sellers hold a 7.34% ratio of that floaft. The average trading volume of EDR on October 29, 2024 was 3.34M shares.

EDR’s Market Performance

EDR’s stock has seen a -0.07% decrease for the week, with a 2.42% rise in the past month and a 6.67% gain in the past quarter. The volatility ratio for the week is 1.28%, and the volatility levels for the past 30 days are at 0.98% for Endeavor Group Holdings Inc The simple moving average for the past 20 days is 0.29% for EDR’s stock, with a 9.85% simple moving average for the past 200 days.

Analysts’ Opinion of EDR

Many brokerage firms have already submitted their reports for EDR stocks, with Citigroup repeating the rating for EDR by listing it as a “Neutral.” The predicted price for EDR in the upcoming period, according to Citigroup is $27.50 based on the research report published on April 15, 2024 of the current year 2024.

TD Cowen, on the other hand, stated in their research note that they expect to see EDR reach a price target of $28. The rating they have provided for EDR stocks is “Outperform” according to the report published on September 12th, 2023.

Guggenheim gave a rating of “Buy” to EDR, setting the target price at $33 in the report published on May 01st of the previous year.

EDR Trading at 3.36% 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 -0.98% of loss for the given period.

Volatility was left at 0.98%, however, over the last 30 days, the volatility rate increased by 1.28%, as shares surge +3.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.50% upper at present.

During the last 5 trading sessions, EDR fell by -0.05%, which changed the moving average for the period of 200-days by +24.23% in comparison to the 20-day moving average, which settled at $29.17. In addition, Endeavor Group Holdings Inc saw 23.26% 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 Emanuel Ariel, who sale 48,176 shares at the price of $29.04 back on Oct 08 ’24. After this action, Emanuel Ariel now owns 1,831,247 shares of Endeavor Group Holdings Inc, valued at $1,399,031 using the latest closing price.

Ariel Z. Emanuel, the Director of Endeavor Group Holdings Inc, proposed sale 48,176 shares at $29.09 during a trade that took place back on Oct 08 ’24, which means that Ariel Z. Emanuel is holding shares at $1,401,440 based on the most recent closing price.

Stock Fundamentals for EDR

Current profitability levels for the company are sitting at:

  • -0.02 for the present operating margin
  • 0.56 for the gross margin

The net margin for Endeavor Group Holdings Inc stands at -0.06. The total capital return value is set at -0.01. Equity return is now at value 0.15, with 0.03 for asset returns.

Based on Endeavor Group Holdings Inc (EDR), the company’s capital structure generated 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 1.16. The interest coverage ratio of the stock is -0.37.

Currently, EBITDA for the company is 1.58 billion with net debt to EBITDA at 7.71. When we switch over and look at the enterprise to sales, we see a ratio of 2.06. The receivables turnover for the company is 6.47for trailing twelve months and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.50.

Conclusion

In a nutshell, Endeavor Group Holdings Inc (EDR) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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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