That’s why I Feel Comfortable With Endeavor Group Holdings Inc’s (EDR) Future

A share price of Endeavor Group Holdings Inc [EDR] is currently trading at $24.71, down -0.08%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The EDR shares have gain 1.98% over the last week, with a monthly amount glided 1.52%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Endeavor Group Holdings Inc [NYSE: EDR] stock has seen the most recent analyst activity on September 12, 2023, when TD Cowen initiated its Outperform rating and assigned the stock a price target of $28. Previously, Guggenheim started tracking the stock with Buy rating on May 01, 2023, and set its price target to $33. On April 24, 2023, Seaport Research Partners initiated with a Buy rating and assigned a price target of $30 on the stock. BofA Securities started tracking the stock assigning a Buy rating and suggested a price target of $28 on August 04, 2022. Citigroup upgraded its rating to a Buy but $25 remained the price target by the analyst firm on July 07, 2022. In a note dated May 18, 2022, Goldman upgraded an Buy rating on this stock and revised its target price from $30 to $29.

Endeavor Group Holdings Inc experienced fluctuations in its stock price throughout the past year between $17.65 and $26.26. Currently, Wall Street analysts expect the stock to reach $30.5 within the next 12 months. Endeavor Group Holdings Inc [NYSE: EDR] shares were valued at $24.71 at the most recent close of the market. An investor can expect a potential return of 23.43% based on the average EDR price forecast.

Analyzing the EDR fundamentals

Trailing Twelve Months sales for Endeavor Group Holdings Inc [NYSE:EDR] were 5.96B which represents 25.57% growth. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.11 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.13.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 24.58 points at the first support level, and at 24.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.90, and for the 2nd resistance point, it is at 25.09.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Endeavor Group Holdings Inc [NYSE:EDR] is 1.01. In addition, the Quick Ratio stands at 1.01 and the Cash Ratio stands at 0.42. Considering the valuation of this stock, the price to sales ratio is 1.25, the price to book ratio is 1.54 and price to earnings (TTM) ratio is 22.02.

Transactions by insiders

Recent insider trading involved SHAPIRO MARK S,, that happened on Feb 23 ’24 when 22805.0 shares were sold. Chief Financial Officer, Lublin Jason completed a deal on Feb 23 ’24 to sell 18525.0 shares. Meanwhile, CAO & Senior Counsel KRAUSS SETH D sold 6220.0 shares on Feb 23 ’24.

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