TKO Group Holdings Inc [TKO] stock is trading at $92.51, up 0.78%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TKO shares have gain 7.06% over the last week, with a monthly amount glided 16.67%, and seem to be holding up well over a long-time horizon.
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On 29, February 2024, TKO Group Holdings to Participate in Morgan Stanley Technology, Media & Telecom Conference. In a post published today on Yahoo Finance, TKO Group Holdings, Inc. (NYSE: TKO), a premium sports and entertainment company, announced that its President and Chief Operating Officer, Mark Shapiro, will participate in the Morgan Stanley Technology, Media & Telecom Conference on Wednesday, March 6, 2024 at 10:15 a.m. Eastern Time (7:15 a.m. Pacific Time).
From an analyst’s perspective:
TKO Group Holdings Inc [NYSE: TKO] stock has seen the most recent analyst activity on March 15, 2024, when BofA Securities initiated its Buy rating and assigned the stock a price target of $100. Previously, Goldman started tracking the stock with Buy rating on March 07, 2024, and set its price target to $102. On February 14, 2024, Morgan Stanley initiated with a Equal-Weight rating and assigned a price target of $95 on the stock. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $120 on February 12, 2024. Northcoast initiated its recommendation with a Buy and recommended $105 as its price target on February 06, 2024. MoffettNathanson started tracking with a Neutral rating for this stock on January 29, 2024, and assigned it a price target of $95. In a note dated January 12, 2024, TD Cowen initiated an Market Perform rating and provided a target price of $92 on this stock.
TKO Group Holdings Inc [TKO] stock has fluctuated between $72.33 and $113.69 over the past year. Currently, Wall Street analysts expect the stock to reach $106 within the next 12 months. TKO Group Holdings Inc [NYSE: TKO] shares were valued at $92.51 at the most recent close of the market. An investor can expect a potential return of 14.58% based on the average TKO price forecast.
Analyzing the TKO fundamentals
TKO Group Holdings Inc [NYSE:TKO] reported sales of 1.77B for the trailing twelve months, which represents a growth of 88.75%. Gross Profit Margin for this corporation currently stands at 0.63% with Operating Profit Margin at 0.29%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.08 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.67.
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 91.59 points at the first support level, and at 90.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 93.22, and for the 2nd resistance point, it is at 93.93.
TKO Group Holdings Inc [TKO] reported earnings per share of -$0.16 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.55/share, meaning a difference of -$0.71 and a surprise factor of -129.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.81 per share as compared to estimates of $0.58 per share, a difference of $0.23 representing a surprise of 39.70%.
Ratios To Look Out For
For context, TKO Group Holdings Inc’s Current Ratio is 1.04. In addition, the Quick Ratio stands at 1.04 and the Cash Ratio stands at 0.5. Considering the valuation of this stock, the price to sales ratio is 4.30, the price to book ratio is 1.85 and price to earnings (TTM) ratio is 137.81.
Transactions by insiders
Recent insider trading involved MCMAHON VINCENT K, 10% Owner, that happened on Mar 07 ’24 when 5.35 million shares were sold., SHAPIRO MARK S completed a deal on Nov 14 ’23 to buy 12531.0 shares. Meanwhile, Chief Executive Officer Emanuel Ariel bought 12531.0 shares on Nov 14 ’23.
