The growth track for World Wrestling Entertainment Inc. (TKO) has changed recently

World Wrestling Entertainment Inc. (NYSE: TKO) stock fell -0.24% on Thursday to $100.76 against a previous-day closing price of $101.00. With 1.16 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.73 million shares. During the session, the Entertainment company that operates in wider Communication Services sector, reached to the highest price of $102.98 whereas the lowest price it dropped to was $100.08. The 52-week range on TKO shows that it touched its highest point at $118.04 and its lowest point at $66.13 during that stretch. It currently has a 1-year price target of $113.56. With its current market cap of 8.50 billion, TKO has annualized dividend of $0.48 while the current yield stands at 0.48%. Beta for the stock currently stands at 1.15.

Top 5 EV Tech Stocks to Buy for 2023

The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".

Click Here to Download the FREE Report.


Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TKO was up-trending over the past week, with a rise of 1.36%, but this was down by -10.75% over a month. Three-month performance dropped to -1.20% while six-month performance rose 20.58%. The stock gained 47.61% in the past year, while it has gained 47.05% so far this year. A look at the trailing 12-month EPS for TKO yields 2.01 with Next year EPS estimates of 3.15. For the next quarter, that number is 0.58. This implies an EPS growth rate of 6.20% for this year and 23.52% for next year. EPS is expected to grow by 17.40% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 31.70%.

Float and Shares Shorts:

At present, 77.86 million TKO shares are outstanding with a float of 51.57 million shares on hand for trading.

Institutional Ownership:

Other institutions hold 70.27% of TKO, in contrast to 58.32% held by mutual funds. Shares owned by individuals account for 4.79%. As the largest shareholder in TKO with 14.59% of the stake, Lindsell Train Ltd. holds 6,330,232 shares worth 6,330,232. A second-largest stockholder of TKO, The Vanguard Group, Inc., holds 3,960,208 shares, controlling over 9.12% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in TKO, holding 3,584,759 shares or 8.26% stake.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TKO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TKO analysts setting a high price target of $130.00 and a low target of $114.00, the average target price over the next 12 months is $124.71. Based on these targets, TKO could surge 29.02% to reach the target high and rise by 13.14% to reach the target low. Reaching the average price target will result in a growth of 23.77% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Leave a Comment

Your email address will not be published. Required fields are marked *