Growth Story Still Intact For TKO Group Holdings Inc (TKO)

TKO Group Holdings Inc (TKO) concluded trading on Wednesday at a closing price of $92.62, with 3.32 million shares of worth about $307.61 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 8.96% during that period and on April 3, 2024 the price saw a gain of about 2.20%. Currently the company’s common shares owned by public are about 82.29M shares, out of which, 66.80M shares are available for trading.

However, the stock later moved at a day high price of 81.44, or with a gain of 2.20%. Stock saw a price change of 7.41% in past 5 days and over the past one month there was a price change of 13.41%. Year-to-date (YTD), TKO shares are showing a performance of 13.53% which increased to 5.37% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $72.33 but also hit the highest price of $113.69 during that period. The average intraday trading volume for TKO Group Holdings Inc shares is 1.50 million. The stock is currently trading 11.01% above its 20-day simple moving average (SMA20), while that difference is up 9.45% for SMA50 and it goes to 4.49% higher than SMA200.

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TKO Group Holdings Inc (NYSE: TKO) currently have 82.29M outstanding shares and institutions hold larger chunk of about 81.61% of that.

The stock has a current market capitalization of $7.62B and its 3Y-monthly beta is at 1.07. PE ratio of stock for trailing 12 months is 137.97, while it has posted earnings per share of $0.67 in the same period. Its PEG reads 7.93 and has Quick Ratio of 1.04 while making debt-to-equity ratio of 0.74. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TKO, volatility over the week remained 3.28% while standing at 2.74% over the month.

Stock’s fiscal year EPS is expected to rise by 609.45% while it is estimated to increase by 58.46% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on March 15, 2024 offering a Buy rating for the stock and assigned a target price of $100 to it. Coverage by Goldman stated TKO Group Holdings Inc (TKO) stock as a Buy in their note to investors on March 07, 2024, suggesting a price target of $102 for the stock. On February 14, 2024, Morgan Stanley Initiated their recommendations, while on February 12, 2024, Jefferies Initiated their ratings for the stock with a price target of $120. Stock get a Buy rating from Northcoast on February 06, 2024.

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