Is TKO Group Holdings Inc (NYSE: TKO) A Good Stock To Invest In Right Now?

TKO Group Holdings Inc (NYSE:TKO) price on Friday, January 17, rose 0.28% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $142.20.

A look at the stock’s price movement, the close in the last trading session was $141.80, moving within a range at $141.28 and $144.0. Turning to its 52-week performance, $149.40 and $75.35 were the 52-week high and 52-week low respectively. Overall, TKO moved -3.30% over the past month.

TKO Group Holdings Inc’s market cap currently stands at around $24.29 billion, with investors looking forward to this quarter’s earnings report slated for in February.

Analysts have a consensus estimate of 603.95M for the company’s revenue for the quarter, with a low and high estimate of 559M and 632M respectively. The average forecast suggests down to a -1.64% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.77B, representing a 65.27% jump on that reported in the last financial year.

Turning to the stock’s technical picture we see that short term indicators suggest on average that TKO is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.

11 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 8 recommend TKO as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.

TKO’s current price about -0.38% and 4.04% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.03, while 7-day volatility ratio is 2.54% and 2.75% in the 30-day chart. Further, TKO Group Holdings Inc (TKO) has a beta value of 1.06, and an average true range (ATR) of 3.88. Analysts have given the company’s stock an average 52-week price target of $144, forecast between a low of $128 and high of $170. Looking at the price targets, the low is 9.99% off current price level while to achieve the yearly target high, price needs to move -19.55%. Nonetheless, investors will most likely welcome a -1.27% jump to $144 which is the analysts’ median price.

If we refocus on TKO Group Holdings Inc (NYSE:TKO), historical trading data shows that trading volumes averaged 0.73 over the past 10 days and 955.08K over the past 3 months. The company’s latest data on shares outstanding shows there are 81.15 million shares.

The 14.05% of TKO Group Holdings Inc’s shares are in the hands of company insiders while institutional holders own 91.44% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.98 million on 2024-12-31, giving us a short ratio of 6.32. The data shows that as of 2024-12-31 short interest in TKO Group Holdings Inc (TKO) stood at 764.0 of shares outstanding, with shares short rising to 5.15 million registered in 2024-11-29. Current price change has pushed the stock 0.06% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TKO stock continues to rise going into the next quarter.

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