Academy Sports and Outdoors Inc. (NASDAQ:ASO) finished Wednesday with a subtraction of -$0.19 to close at $55.70, a downside of -0.34 percent. An average of 1,161,480 shares of common stock have been traded in the last five days. There was a fall of -$2.07 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 1,184,330 shares traded, while the 50-day average volume stands at 1,793,354.
ASO stock has decreased by -2.96% in the last month. The company shares reached their 1-month lowest point of $53.71 on 07/21/23. With the stock rallying to its 52-week high on 04/12/23, shares of the company touched a low of $40.67 and a high of $69.02 in 52 weeks. It has reached a new high 14 times so far this year and achieved 6.01% or $3.16 in price. In spite of this, the price is down -19.30% from the 52-week high.
Insider Transactions
ASO stock investors should be aware that Academy Sports and Outdoors Inc. (ASO) stock had its last reported insider trading activity 55 days ago on Jun 16. In this transaction, the insider spent $52,430. EVP, Retail Operations, Johnson Samuel J, disposed of 60,000 shares at a price of $50.76 on Jun 12. The insider now owns more than $3,045,600 worth of shares. Prior to that, President Mullican Michael P. went on to Sale 65,794 shares at $50.34 each on Jun 09. An amount of $3,312,135 was transacted.
Valuation Metrics
Academy Sports and Outdoors Inc. (ASO) has a trailing price-to-earnings (P/E) ratio of 7.98. The stock’s beta is 1.20. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.67, the price-to-book (PB) ratio at 2.55, and the price-to-cash flow ratio at 12.16.
The company has a payout ratio of 4.40%. The company’s most recent quarterly dividend payment was $0.09 a share, without any change from last year. Its latest increase dividend $0.0150 reported on Thursday March 2 2023.
Financial Health
The quick ratio of Academy Sports and Outdoors Inc. for the three months ended April 29 was 0.30, and the current ratio was 1.60, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.35 and a total debt to equity ratio of 0.35 for the quarter ending April 29. Academy Sports and Outdoors Inc.’s EBITDA margin for the year ending April 29 is 14.90%, while its operating margin for the same period stands at 12.10%. Its gross profit as reported stood at $2.21 billion compared to revenue of $6.4 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Academy Sports and Outdoors Inc.’s return on assets was 12.30%.
Earnings Surprise
For the three-month period that ended April 29, Academy Sports and Outdoors Inc. had $584.09 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $93.97 million in the quarter, while revenues of $157.65 million were shrunk -59.42%. The analyst consensus anticipated Academy Sports and Outdoors Inc.’s latest quarter earnings to come in at $1.65 per share, but it turned out to be $1.3, a -21.20% surprise. For the quarter, EBITDA amounted to $153.13 million. Shareholders own equity worth $76.45 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Academy Sports and Outdoors Inc. (ASO) price momentum. RSI 9-day as of the close on 09 August was 40.56%, suggesting the stock is Neutral, with historical volatility in this time frame at 30.65%.
As of today, ASO’s price is $57.47 -3.58% or -$2.07 from its 5-day moving average. ASO is currently trading -4.98% lower than its 20-day SMA and -14.24% lower than its 100-day SMA. However, the stock’s current price level is +12.09% above the SMA50 and +31.83% above the SMA200.
The stochastic %K and %D were 43.98% and 59.78%, respectively, and the average true range (ATR) was 1.67. With the 14-day stochastic at 30.57% and the average true range at 1.68, the RSI (14) stands at 46.57%. The stock has reached -1.45 on the 9-day MACD Oscillator while the 14-day reading was at -0.92.
Analyst Ratings
B. Riley Securities launched coverage on Academy Sports and Outdoors Inc. (NASDAQ: ASO) in its analyst report released on June 29, 2023. The firm assigned the stock a Buy rating.
