Endeavor Group Holdings Inc (EDR) stock forecast: Can it reach its 52-week high of $29.54

A share price of Endeavor Group Holdings Inc [EDR] is currently trading at $29.19, down -0.27%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The EDR shares have lost -0.31% over the last week, with a monthly amount glided 3.33%, 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 April 15, 2024, when Citigroup downgraded its rating to a Neutral but kept the price target unchanged to $27.50 for it. Previously, TD Cowen started tracking the stock with Outperform rating on September 12, 2023, and set its price target to $28. On May 01, 2023, Guggenheim initiated with a Buy rating and assigned a price target of $33 on the stock. Seaport Research Partners started tracking the stock assigning a Buy rating and suggested a price target of $30 on April 24, 2023. BofA Securities initiated its recommendation with a Buy and recommended $28 as its price target on August 04, 2022. Citigroup upgraded its rating to Buy for this stock on July 07, 2022, but kept the price target unchanged to $25.

Endeavor Group Holdings Inc experienced fluctuations in its stock price throughout the past year between $17.65 and $29.54. Currently, Wall Street analysts expect the stock to reach $28.75 within the next 12 months. Endeavor Group Holdings Inc [NYSE: EDR] shares were valued at $29.19 at the most recent close of the market. An investor can expect a potential drop of -1.51% based on the average EDR price forecast.

Analyzing the EDR fundamentals

Trailing Twelve Months sales for Endeavor Group Holdings Inc [NYSE:EDR] were 6.53B which represents 21.94% growth. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.09 and Total Capital is -0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.16.

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 29.11 points at the first support level, and at 29.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.32, and for the 2nd resistance point, it is at 29.46.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Endeavor Group Holdings Inc [NYSE:EDR] is 0.50. As well, the Quick Ratio is 0.50, while the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 1.38, the price to book ratio is 2.02.

Transactions by insiders

Recent insider trading involved Emanuel Ariel, Chief Executive Officer, that happened on Oct 08 ’24 when 48176.0 shares were sold. Director, Ariel Z. Emanuel completed a deal on Oct 08 ’24 to buy 48176.0 shares. Meanwhile, Chief Executive Officer Emanuel Ariel sold 0.15 million shares on Sep 24 ’24.

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