Spotlight Growth
No Result
View All Result
Monday, July 4, 2022
  • Login
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
No Result
View All Result
No Result
View All Result
Home Entertainment

Is Endeavor Group Holdings (NYSE: EDR) Close to a Bottom?

by admin
August 23, 2021
in Entertainment
0
Endeavor Group NYSE EDR UFC Stock Spotlight Growth

Endeavor Group NYSE EDR UFC Stock Spotlight Growth

Endeavor Group Holdings (NYSE: EDR) is an entertainment, content, and sports business. The overarching company consists of several businesses including UFC mixed martial arts, media monolith IMG and the entertainment agency WMC. Endeavor provides public relations, branding, advertising, sponsorships, live entertainment, content creation, and plenty more.

EDR News

EDR’s joint venture with the Associated Press to develop a worldwide sports news video company is particularly intriguing. Based in sunny Beverly Hills, California, EDR also has a joint venture partnership in the works for the development of a European basketball league. However, if you strictly look at the top news stories about the company as listed on investing websites you won’t find much of late. If you want the inside scoop on the rest of EDR’s latest deals and developments as noted above, surf the web on over to the company’s website.

Source: Adweek
Source: Adweek

Numbers of Note

Endeavor is currently trading at $24.21 per share. The stock’s 52-week high is $33.20 and a 52-week low of $22.02. EDR’s forward P/E ratio of 19.51 is somewhat high yet it is not elevated to the point that potential investors should be concerned.

Over the past three months, an average of 702,140 EDR shares exchange hands daily. The company has a market cap of $10.64 billion. EDR’s 50-day moving average is $26.15. The stock has a one-month price return of -5.24% and a three-month price return of -16.02%.

What are the Analysts Saying About EDR?

The top analysts are enthusiastically pounding the table in EDR’s favor. If these analysts’ price target of $34 for the stock turns out to be accurate, it will have increased by nearly 39%. The high forecast for the stock is $41. EDR’s low forecast is $29. A total of 12 analysts have issued EDR recommendations with exactly half considering the stock a Buy and the other half considering it a Hold.

Source: TipRanks
Source: TipRanks

Endeavor’s Brief History

Endeavor lack of extensive price returns is the result of its recent shift from the private realm to a publicly-traded company. The company went public in late April at $24 per share. The stock is currently trading at $23.09 per share. EDR successfully raised more than $500 from public markets and nearly $2 billion more in institutional investors’ private placements.

Take a look at ER’s chart going back to April and you will find it is quite choppy. The stock has been on a rollercoaster ride until mid-July. However, it appears as though EDR has established a floor of around $23.

Source: Finviz
Source: Finviz

Endeavor Stands to Benefit From the Reopening of Society

EDR’s money is primarily made through entertainment, sports, and content. From live concerts to live sporting events and content creation, consumers will be spending for just about everything as the economy reopens. As an example, EDR’s ownership of UFC should rake in the cash in the year ahead. Fans who have been cooped up indoors while social distancing will be quite eager to scoop up tickets to live events. UFC alone is worth $3.5 billion. Though there is always the potential for additional COVID-19 variants such as Delta and Delta+ to pop up, it appears as though things will be returning to normal, ultimately benefitting the likes of EDR.

Stay tuned. Endeavor could easily bounce back to life after its disappointing IPO. If anything, the company is the victim of bad timing. EDR was set to go public at a time when live sports, music, movies, and other entertainment-related events had limited capacity. Continue to monitor EDR moving forward.

Disclosure: Neither Matt Rego nor Spotlight Growth have any position or relationship with any companies mentioned in this article. No payment was made to create this article. This article should not be taken as a solicitation or recommendation to buy or sell any securities. Please conduct your own research and consult your financial advisor to determine your risk tolerance and investment path. We are not licensed brokers or investment advisors.

Tags: common stockEDREDR priceEDR stockEDR stock newsemerging growthEndeavorEndeavor Group HoldingsEndeavor newsEndeavor stockentertainmententertainment stocksinvestinginvestmentmicrocap stocksnewspublic companysalesservicessmall cap companiessmall cap stockssmall capsSpotlight GrowthSpotlight Growth Stocksstock marketstockstradingUFCUFC newsUFC stock
Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Siyata Mobile NASDAQ SYTA SYTAW SD7 VK7 Purchase Orders Spotlight Growth

New Purchase Orders for SD7 Rugged Device, VK7, and Other Accessories Boost Siyata Mobile’s Outlook (NASDAQ: SYTA)

December 14, 2021
Telcoin TEL Crypto Spotlight Growth

Telcoin (TEL) Quietly Leads a Crypto Remittance Revolution

June 15, 2021
Decentraland (MANA) is the Proof of Concept for the Emerging Metaverse

Decentraland (MANA) is the Proof of Concept for the Emerging Metaverse

November 22, 2021
Alfi NASDAQ ALF Ridesharing Tablet Rollout Spotlight Growth

Alfi, Inc. (NASDAQ: ALF) Climbs 51% After Entering Into Agreement with Miami-Based Fulfillment & Distribution Center For its Ridesharing Digital Tablet Rollout

June 15, 2021
Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

0
Safe-T SFET NASDAQ UN Presentation

Safe-T (NASDAQ: SFET) Has Been Selected to Present at the United Nations’ Office of Information and Communications Technology Event

0
Safe-T Group SFET Q4 FY 2020 Financial Results

Safe-T Group (NASDAQ: SFET) Reports Fourth Quarter and Full Year 2020 Financial Results

0
Safe-T Group NASDAQ SFET FY 2020 Prelim

Safe-T Group Ltd. (NASDAQ: SFET) Estimates Record-High Annual Revenues of Approximately $4.9 Million Representing ~50% Growth YoY 2020

0
Emergent Health OTC EMGE LOI Fusion Specialty Pharmacy Spotlight Growth

Emergent Health Corp. (OTC Pink: EMGE) Announces LOI to Acquire Fusion Specialty Pharmacy

June 29, 2022
Decibel Therapeutics NASDAQ DBTX Interim Data Phase 1b DB 020 Spotlight Growth

Decibel Therapeutics (NASDAQ: DBTX) Shares Positive Interim Data of its Ongoing Phase 1b Trial of DB-020

June 28, 2022
Ayurcann CSE AYUR OTCQB AYURF July Product Rollout Canada Spotlight Growth

Ayurcann (CSE: AYUR) (OTCQB: AYURF) Prepares for July New Product Rollout as Distribution Expansion Continues Across Canada

June 27, 2022
NeuroSense Therapeutics NASDAQ NRSN Stage III ALS Biomarker Study Spotlight Growth

NeuroSense Therapeutics (NASDAQ: NRSN) Details PrimeC’s Positive Results from Stage III ALS Biomarker Study

June 27, 2022

Recent News

Emergent Health OTC EMGE LOI Fusion Specialty Pharmacy Spotlight Growth

Emergent Health Corp. (OTC Pink: EMGE) Announces LOI to Acquire Fusion Specialty Pharmacy

June 29, 2022
Decibel Therapeutics NASDAQ DBTX Interim Data Phase 1b DB 020 Spotlight Growth

Decibel Therapeutics (NASDAQ: DBTX) Shares Positive Interim Data of its Ongoing Phase 1b Trial of DB-020

June 28, 2022

Categories

  • Bio/Med/Pharma
  • Cannabis
  • Commodities
  • Consumer Goods
  • Crowdfunding
  • Crypto Cheat Sheets
  • Cryptocurrency
  • Earnings
  • Entertainment
  • Financials
  • Market News
  • Opinion
  • Politics
  • Real Estate
  • Split Watch
  • Sponsored
  • Store
  • Technology
  • Uncategorized
  • Venture Capital/Private Equity (VC/PE)

Site Navigation

  • Disclosures
  • Terms Of Service
  • Privacy Policy
  • Contact Us
Spotlight Growth

Copyright © 2021 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

No Result
View All Result
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener

Copyright © 2021 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Newsletter Signup

Subscribe to our weekly newsletter below and never miss the latest small/micro-cap analysis and investment news from Spotlight Growth.

Enter your email address

Thanks, I’m not interested