Under Armour Inc. (NYSE:UAA) finished Wednesday with a subtraction of -$0.07 to close at $7.13, a downside of -0.97 percent. An average of 8,065,220 shares of common stock have been traded in the last five days. There was a fall of -$0.70 in the past week, and it reached a new high 20 times over the past 12 months. The last 20 days have seen an average of 7,031,855 shares traded, while the 50-day average volume stands at 6,470,320.
UAA stock has decreased by -9.40% in the last month. The company shares reached their 1-month lowest point of $6.99 on 08/23/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $6.38 and a high of $13.05 in 52 weeks. It has reached a new high 13 times so far this year and lost -29.82% or -$3.03 in price. In spite of this, the price is down -45.34% from the 52-week high.
Insider Transactions
UAA stock investors should be aware that Under Armour Inc. (UAA) stock had its last reported insider trading activity 85 days ago on May 31. In this transaction, the insider spent $98,080,000. Chief Administrative Officer, Rocker Tchernavia, disposed of 69,823 shares at a price of $9.32 on Feb 10. The insider now owns more than $650,689 worth of shares.
Valuation Metrics
Under Armour Inc. (UAA) has a trailing price-to-earnings (P/E) ratio of 8.43. The stock’s beta is 1.63. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.51, the price-to-book (PB) ratio at 1.58.
Financial Health
The quick ratio of Under Armour Inc. for the three months ended June 29 was 1.10, and the current ratio was 2.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.30 and a total debt to equity ratio of 0.34 for the quarter ending June 29. Its gross profit as reported stood at $2.65 billion compared to revenue of $5.9 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, Under Armour Inc.’s return on assets was 8.00%.
Earnings Surprise
The analyst consensus anticipated Under Armour Inc.’s latest quarter earnings to come in at -$0.02 per share, but it turned out to be $0.02, a 200.00% surprise. For the quarter, EBITDA amounted to $57.65 million. Shareholders own equity worth $445.34 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Under Armour Inc. (UAA) price momentum. RSI 9-day as of the close on 23 August was 26.86%, suggesting the stock is oversold, with historical volatility in this time frame at 37.77%.
As of today, UAA’s price is $7.50 -8.94% or -$0.70 from its 5-day moving average. UAA is currently trading -11.65% lower than its 20-day SMA and -23.33% lower than its 100-day SMA. However, the stock’s current price level is -6.43% below the SMA50 and -10.31% below the SMA200.
The stochastic %K and %D were 7.04% and 22.52%, respectively, and the average true range (ATR) was 0.28. With the 14-day stochastic at 12.39% and the average true range at 0.27, the RSI (14) stands at 34.39%. The stock has reached -0.41 on the 9-day MACD Oscillator while the 14-day reading was at -0.47.
Analyst Ratings
Wells Fargo downgraded Under Armour Inc. (NYSE: UAA) to a an Equal weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for Under Armour Inc. (UAA) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell UAA, while 14 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 12 others rate it as a “buy”.
What is UAA’s price target for the next 12 months?
Analysts predict a range of price targets between $7.00 and $15.00, with a median target of $9.50. Taking a look at these predictions, the average price target given by analysts for Under Armour Inc. (UAA) stock is $10.05.
