Academy Sports and Outdoors Inc. (NASDAQ:ASO) saw a downside of -6.87% to close Tuesday at $51.89 after subtracting -$3.83 on the day. The 5-day average trading volume is 1,685,060 shares of the company’s common stock. It has gained $58.85 in the past week and touched a new high 1 time within the past 5 days. An average of 1,229,170 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,565,394.
ASO’s 1-month performance is -7.26% or -$3.00 on its low of $51.06 reached on 08/22/23. The company’s shares have touched a 52-week low of $40.67 and high of $69.02, with the stock’s rally to the 52-week high happening on 04/12/23. YTD, ASO has lost -1.24% or -$0.65 and has reached a new high 14 times. However, the current price is down -24.82% from the 52-week high price.
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Insider Transactions
ASO stock investors last saw insider trading activity on Jun 16.Tweedy Jeffrey C. (Director) most recently sold 1,065 shares at $49.23 per share on Jun 16. This transaction cost the insider $52,430. EVP, Retail Operations, Johnson Samuel J, sold 60,000 shares at a price of $50.76 on Jun 12. Then, on Jun 09, President Mullican Michael P. sold 65,794 shares at a price of $50.34 per share. This transaction amounted to $3,312,135.
Valuation Metrics
ASO stock has a beta of 1.20. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.61 while the price-to-book (PB) in the most recent quarter is 2.37, with the price to cash flow ratio at 10.34.
Academy Sports and Outdoors Inc.’s quick ratio for the period ended April 29 was 0.30, with the current ratio over the same period at 1.60. As well, the company’s long term debt to equity for the quarter ending April 29 was 0.35, while the total debt to equity was 0.35.. In terms of profitability, the gross margin trailing 12 months is 34.20%. The trailing 12-month EBITDA margin is 14.90% while for the period ending April 29, Academy Sports and Outdoors Inc.’s operating margin was 12.10%. The firm’s gross profit as reported stood at $2.21 billion against revenue of $6.4 billion.
Earnings Surprise
For the quarterly period ending April 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -59.42% to $93.97 million, while revenue of $157.65 million was -67.77% off the previous quarter. Analysts expected ASO to announce $1.65 per share in earnings in its latest quarter, but it posted $1.3, representing a -21.20% surprise. EBITDA for the quarter stood at more than $153.13 million. ASO stock balance sheet for the quarter ending April 29 shows that total liabilities totaled 2.96 billion, with total debt at $1.76 billion. Shareholders hold equity totaling $76.45 million.
Let’s look briefly at Academy Sports and Outdoors Inc. (ASO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 29.40% to suggest the stock is trending oversold, with historical volatility in this time period at 45.47%.
The stock’s 5-day moving average is $55.57, reflecting a -10.02% or -$5.78 change from its current price. ASO is currently trading -7.95% above its 20-day SMA, -17.66% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +2.92% and SMA200 by+22.38%.
Stochastic %K and %D was 26.94% and 33.31% and the average true range (ATR) pointed at 2.13. The RSI (14) points at 35.78%, while the 14-day stochastic is at 9.06% with the period’s ATR at 1.98. The stock’s 9-day MACD Oscillator is pointing at -0.95 and -1.51 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Academy Sports and Outdoors Inc. (NASDAQ: ASO), Telsey Advisory Group launched coverage with an Outperform rating. Analysts offering their rating for ASO stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate ASO as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 14 have offered a “buy” rating.
What is ASO’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $55.00 and a high of $85.00, with their median price target at $68.00. Looking at these predictions, the average price target given by analysts is for Academy Sports and Outdoors Inc. (ASO) stock is $68.00.
