Under Armour Inc. (NYSE:UA) saw an upside of 0.57% to close Tuesday at $7.10 after adding $0.04 on the day. The 5-day average trading volume is 3,416,080 shares of the company’s common stock. It has gained $7.37 in the past week and touched a new high 3 times within the past 5 days. An average of 2,853,440 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,941,742.
UA’s 1-month performance is 2.75% or $0.30 on its low of $6.78 reached on 07/10/23. The company’s shares have touched a 52-week low of $5.74 and high of $11.41, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, UA has lost -20.40% or -$1.82 and has reached a new high 13 times. However, the current price is down -37.80% from the 52-week high price.
Insider Transactions
UA stock investors last saw insider trading activity on May 31.Plank Kevin A (Exec. Chair & Brand Chief) most recently sold 16,000,000 shares at $6.13 per share on May 31. This transaction cost the insider $98,080,000. Chief Administrative Officer, Rocker Tchernavia, sold 69,823 shares at a price of $9.32 on Feb 10.
Valuation Metrics
UA stock has a beta of 1.63. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.56 while the price-to-book (PB) in the most recent quarter is 1.58.
The firm’s gross profit as reported stood at $2.65 billion against revenue of $5.9 billion.
Earnings Surprise
Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 35.7% to $170.55 million, while revenue of $121.62 million was 28.69% off the previous quarter. EBITDA for the quarter stood at more than $70.77 million. UA stock balance sheet for the recent quarter shows that total liabilities totaled 2.86 billion, with total debt at $1.52 billion. Shareholders hold equity totaling $444.6 million.
Let’s look briefly at Under Armour Inc. (UA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 45.25% to suggest the stock is trending Neutral, with historical volatility in this time period at 27.71%.
The stock’s 5-day moving average is $7.12, reflecting a -2.47% or -$0.18 change from its current price. UA is currently trading -1.80% above its 20-day SMA, -0.98% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +9.74% and SMA200 by+14.52%.
Stochastic %K and %D was 15.82% and 21.23% and the average true range (ATR) pointed at 0.24. The RSI (14) points at 48.02%, while the 14-day stochastic is at 17.72% with the period’s ATR at 0.24. The stock’s 9-day MACD Oscillator is pointing at -0.08 and -0.15 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Under Armour Inc. (NYSE: UA), Instinet downgraded it to a Reduce rating. They previously had a Neutral rating on the stock. Analysts offering their rating for UA stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate UA as a “sell,”, while 13 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 11 have offered a “buy” rating.
What is UA’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $7.00 and a high of $15.00, with their median price target at $10.00. Looking at these predictions, the average price target given by analysts is for Under Armour Inc. (UA) stock is $10.11.
