EDR Stock Summary and Trading Ideas (Endeavor Gr Hldgs | NYSE:EDR)

Endeavor Group Holdings Inc is an entertainment, sports, and content company. It offers services through its integrated capabilities of talent representation, content development, content distribution and sales, event management, marketing and licensing, and direct-to-consumer offerings. It operates its business in four segments: Owned Sports Properties; Events, Experiences & Rights; sports; and Representation. The company generates the majority of its revenue from the Events, Experiences & Rights segment which provides services to a diverse portfolio of live events annually, including live sports events, fashion, art fairs and music, culinary and lifestyle festivals, and major attractions. Geographically the company generates the majority revenue from the United States.

Endeavor Gr Hldgs trades on the NYSE stock market under the symbol EDR.

As of April 19, 2024, EDR stock price declined to $26.41 with 249,049 million shares trading.

EDR has a beta of -0.02, meaning it tends to be less sensitive to market movements. EDR has a correlation of 0.00 to the broad based SPY ETF.

EDR has a market cap of $7.94 billion. This is considered a Mid Cap stock.

Last quarter Endeavor Gr Hldgs reported $2 billion in Revenue and -$.03 earnings per share. This beat revenue expectation by $33 million and missed earnings estimates by -$.19.

The top ETF exchange traded funds that EDR belongs to (by Net Assets): VTI, VXF, VB, SDVY, VO.

EDR stock has underperformed the market in the last year with a return of +9.9%, while SPY returned +21.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in EDR shares. However, EDR has outperformed the market in the last 3 month and 2 week periods, returning +14.9% and +0.3%, while SPY returned +4.8% and -2.9%, respectively. This indicates EDR has been having a stronger performance recently.

EDR support price is $26.22 and resistance is $26.66 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EDR stock will trade within this expected range on the day.