A new trading day began on Tuesday, with TKO Group Holdings Inc (NYSE: TKO) stock price down -0.33% from the previous day of trading, before settling in for the closing price of $116.25. TKO’s price has ranged from $72.33 to $130.95 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Communication Services sector was 13.62%. Meanwhile, its annual earnings per share averaged 147.00%. With a float of $68.98 million, this company’s outstanding shares have now reached $82.29 million.
Considering the fact that the conglomerate employs 1250 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 56.09%, operating margin of 25.0%, and the pretax margin is -2.15%.
TKO Group Holdings Inc (TKO) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Entertainment Industry. The insider ownership of TKO Group Holdings Inc is 14.87%, while institutional ownership is 95.35%. The most recent insider transaction that took place on Apr 09 ’24, was worth 146,240,760. In this transaction 10% Owner of this company bought 1,642,970 shares at a rate of $89.01, taking the stock ownership to the 1,642,970 shares. Before that another transaction happened on Sep 16 ’24, when Company’s See Remarks sold 31,026 for $114.76, making the entire transaction worth $3,560,544. This insider now owns 42,156 shares in total.
TKO Group Holdings Inc (TKO) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.81 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.21 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 147.00% per share during the next fiscal year.
TKO Group Holdings Inc (NYSE: TKO) Trading Performance Indicators
Here are TKO Group Holdings Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.99. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.69. Likewise, its price to free cash flow for the trailing twelve months is 14.32.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.96, a number that is poised to hit 0.52 in the next quarter and is forecasted to reach 3.29 in one year’s time.
Technical Analysis of TKO Group Holdings Inc (TKO)
Compared to the last year’s volume of 1.05 million, its volume of 1.62 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 9.87%. Additionally, its Average True Range was 2.78.
During the past 100 days, TKO Group Holdings Inc’s (TKO) raw stochastic average was set at 50.05%, which indicates a significant increase from 10.98% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.02% in the past 14 days, which was higher than the 25.47% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $121.30, while its 200-day Moving Average is $103.47. Nevertheless, the first resistance level for the watch stands at $116.93 in the near term. At $118.00, the stock is likely to face the second major resistance level. The third major resistance level sits at $119.01. If the price goes on to break the first support level at $114.85, it is likely to go to the next support level at $113.84. Should the price break the second support level, the third support level stands at $112.77.
TKO Group Holdings Inc (NYSE: TKO) Key Stats
With a market capitalization of 9.39 billion, the company has a total of 170,640K Shares Outstanding. Currently, annual sales are 1,675 M while annual income is 208,180 K. The company’s previous quarter sales were 851,160 K while its latest quarter income was 59,110 K.
