Analysts Issue Research Notes On Under Armour Inc. (UA)

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Under Armour Inc. (NYSE:UA) finished Thursday with a subtraction of -$0.28 to close at $6.79, a downside of -3.96 percent. An average of 4,880,060 shares of common stock have been traded in the last five days. There was a fall of -$0.63 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 4,135,305 shares traded, while the 50-day average volume stands at 3,438,754.

UA stock has decreased by -15.13% in the last month. The company shares reached their 1-month lowest point of $6.77 on 09/22/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $7.07 and a high of $23.00 in 52 weeks. It has reached a new high 2 times so far this year and lost -62.36% or -$11.25 in price. In spite of this, the price is down -70.47% from the 52-week high.


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Insider Transactions

207 days have passed since Under Armour Inc. (UA) last reported insider trading activity. Maheshwari Aditya, who is Chief Accounting Officer, most recently acquired $2,899 shares at $15.64 per share on Feb 28. In this transaction, the insider spent $45,340. Chief Financial Officer, Bergman David, disposed of 3,500 shares at a price of $21.29 on Nov 12. The insider now owns more than $74,524 worth of shares. Prior to that, Chief Operating Officer Browne Colin went on to Sale 47,550 shares at $21.04 each on Nov 09. An amount of $1,000,276 was transacted.

Valuation Metrics

Under Armour Inc. (UA) has a trailing price-to-earnings (P/E) ratio of 15.09. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.58, the price-to-book (PB) ratio at 1.79.

Financial Health

Its gross profit as reported stood at $2.86 billion compared to revenue of $5.68 billion.

Earnings Surprise

For the recent quarter, Under Armour Inc. had $672.83 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $7.68 million in the quarter, while revenues were shrunk -912.37%. Shareholders own equity worth $455.24 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Under Armour Inc. (UA) price momentum. RSI 9-day as of the close on 22 September was 27.95%, suggesting the stock is oversold, with historical volatility in this time frame at 49.13%.

As of today, UA’s price is $7.19 -8.49% or -$0.63 from its 5-day moving average. UA is currently trading -15.34% lower than its 20-day SMA and -52.15% lower than its 100-day SMA. However, the stock’s current price level is -10.42% below the SMA50 and -66.67% below the SMA200.

The stochastic %K and %D were 13.10% and 15.48%, respectively, and the average true range (ATR) was 0.33. With the 14-day stochastic at 1.34% and the average true range at 0.33, the RSI (14) stands at 32.59%. The stock has reached -0.39 on the 9-day MACD Oscillator while the 14-day reading was at -0.48.

Analyst Ratings

Instinet downgraded Under Armour Inc. (NYSE: UA) to a a Reduce rating in its most recent analyst report. Previously, the stock was rated as a Neutral.

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