With 81.15M Outstanding Shares, Can TKO Group Holdings Inc (NYSE: TKO) Deliver Big Short-Term Gains?

TKO Group Holdings Inc (NYSE:TKO) currently has a daily average trading volume of 1.03M but it saw 1036904 shares traded in last market. With a market cap of 27.98B USD, the company’s current market price of $163.81 came falling about -1.66 while comparing to the previous closing price of $166.57. In past 52 weeks, the stock remained buoying in the range of price level as high as $179.09 and as low as $78.69.

Taking a look at 20-day trading activity of TKO Group Holdings Inc (TKO) gives us an average price of $163.43, while its current price level is -8.53% below from 52-week high level whereas it is 108.17% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $151.13 while that of 200 days or SMA-200 reads an average of $124.55. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.60% during that period while stretching the period over a month that decreases to 3.27%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 55.03 which implies that the stock is in neutral territory.

Pivotal Research Group issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $140 and $145.

Over the week, TKO’s stock price is moving -7.26% down while it is 13.34% when we observe its performance for the past one month. Year-to-date it is 15.27% up and over the past year, the stock is showing an upside performance of 91.30%.

The company is expected to be releasing its next quarterly report in March, for which analysts forecasted an EPS of 0.21 while estimate for next year EPS is -0.01. In next quarter, company is expected to be making quarterly sales of $709.52M as analysts are expecting the sales for current fiscal year at $2.77B and seeing the company making $3.28B in sales next year. Moreover, analysts are in estimates of $603.98M for current-quarter revenue.

Currently, TKO Group Holdings Inc’s total number of outstanding shares is 81.15M with 23.55% of that held by the insiders while 94.82% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -0.50% and return on equity (ROE) at -0.85%. It has a 51.12 of forward P/E ratio. Stock’s beta reads 1.09. Stock has a price to book (P/B) ratio of 3.29 while price to sale or P/S ratio amounts to 10.08. Its return on asset (ROA) is -0.27% on average.