Reviewing The Case For TKO Group Holdings Inc (TKO) Going Higher

Currently, there are 82.06M common shares owned by the public and among those 61.23M shares have been available to trade.

Insiders at the company have transacted a total of 75 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 42 of these insider trades were purchases, accounting for 587,754 shares. Insider sales of the common stock occurred on 33 occasions, with total insider shares sold totaling 9,542,849 shares.

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However, the script later moved the day high at 95.92, up 15.79%. The company’s stock has a 5-day price change of 16.51% and 14.95% over the past three months. TKO shares are trading 9.87% year to date (YTD), with the 12-month market performance up to 4.93% higher. It has a 12-month low price of $72.33 and touched a high of $113.69 over the same period. TKO has an average intraday trading volume of 1.25 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 13.28%, 14.80%, and -2.92% respectively.

Institutional ownership of TKO Group Holdings Inc (NYSE: TKO) shares accounts for 69.27% of the company’s 82.06M shares outstanding.

It has a market capitalization of $7.36B and a beta (3y monthly) value of 1.08. The stock’s trailing 12-month PE ratio is 69.76, while the earnings-per-share (ttm) stands at $1.28. The company has a PEG of 4.01 and a Quick Ratio of 1.25 with the debt-to-equity ratio at 0.73. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.90% over the week and 2.50% over the month.

Analysts forecast that TKO Group Holdings Inc (TKO) will achieve an EPS of $0.58 for the current quarter, $0.7 for the next quarter and $3.34 for 2024. The lowest estimate earnings-per-share for the quarter is $0.24 while analysts give the company a high EPS estimate of $0.78. Comparatively, EPS for the current quarter was $0.52 a year ago. Earnings per share for the fiscal year are expected to increase by 14.74%, and 37.83% over the next financial year. EPS should shrink at an annualized rate of 17.40% over the next five years, compared to 40.62% over the past 5-year period.

Looking at the support for the TKO, a number of firms have released research notes about the stock. TD Cowen stated their Market Perform rating for the stock in a research note on January 12, 2024, with the firm’s price target at $92.

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