TKO Group Holdings Inc (NYSE:TKO) price on current trading day, fall -7.36% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $147.80.
A look at the stock’s price movement, the level at last check in today’s session was $159.55. Turning to its 52-week performance, $179.09 and $78.69 were the 52-week high and 52-week low respectively. Overall, TKO moved -6.71% over the past month.
TKO Group Holdings Inc’s market cap currently stands at around $25.25 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 707.75M for the company’s revenue for the quarter, with a low and high estimate of 656M and 763.1M respectively. The average forecast suggests up to a 12.39% 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 3.28B, representing a 16.96% 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 50% 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 -9.81% and -3.14% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.44, while 7-day volatility ratio is 3.63% and 3.39% in the 30-day chart. Further, TKO Group Holdings Inc (TKO) has a beta value of 1.09, and an average true range (ATR) of 6.02. Analysts have given the company’s stock an average 52-week price target of $148, forecast between a low of $128 and high of $195. Looking at the price targets, the low is 13.4% off recent price level in today’s trading while to achieve the yearly target high, it has to move -31.94%. Nonetheless, investors will most likely welcome a -0.14% jump to $148 which is the analysts’ median price.
If we refocus on TKO Group Holdings Inc (NYSE:TKO), historical trading data shows that trading volumes averaged 1.04 million over the past 3 months. The company’s latest data on shares outstanding shows there are 81.15 million shares.
The 16.57% of TKO Group Holdings Inc’s shares are in the hands of company insiders while institutional holders own 93.22% of the company’s shares. Current price change has pushed the stock 4.01% 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.
