The stock of Under Armour Inc. (NYSE:UA) increased by $0.19 on Monday to $6.70, up 2.92 percent. The last five days have seen an average of 2,695,433 shares of common stock traded. 13 times new highs were reached in the current year, with a fall of -$2.22. The average number of shares traded over the last 20 days was 3,633,053, while the average volume over the last 50 days totaled 3,067,039.
UA stock dropped -8.09% since last month. On 08/23/23, the company’s shares reached a one-month low of $6.37. The stock touched a high of $11.41 on 02/02/23, after rallying from a low of $5.74 in 52 weeks. The price of UA stock has declined by -24.89% or -$2.22 this year, reaching a new high 13 times. Still, the stock price is down -41.31% from the 52-week high.
Insider Transactions
UA stock investors should be aware that Under Armour Inc. (UA) stock had its last reported insider trading activity 89 days ago on May 31. On May 31, Exec. Chair & Brand Chief Plank Kevin A sold 16,000,000 shares at $6.13 each. This transaction resulted in the insider making $98,080,000. On Feb 10, Rocker Tchernavia sold 69,823 shares at a price of US$9.32. After the transaction, the insider now owns 260,291 shares.
Valuation Metrics
Under Armour Inc. (UA) has a trailing price-to-earnings (P/E) ratio of 8.37. Beta for the stock is 1.64. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.54, the price-to-book (PB) ratio of 1.49.
Financial Health
Based on annual data, it had gross profit of $2.65 billion and revenue of $5.9 billion.
Earnings Surprise
According to Under Armour Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.32 billion, while revenues fell by -2.43% to $1.4 billion. It was predicted that Under Armour Inc.’s quarterly earnings would be $0.02, but it ended up being -$0.04. EBITDA was $57.65 million for the quarter. At the end of Under Armour Inc.’s most recent quarter ended June 29, its liabilities totaled 2.86 billion, while its total debt was $1.49 billion. Equity owned by shareholders amounts to $445.34 million.
Technical Picture
Here’s a quick look at Under Armour Inc.’s (UA) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 41.16%, suggesting the stock is Neutral, with a 38.51% historical volatility rate.
The stochastic %K and %D were 18.37% and 13.37% respectively, while the average true range (ATR) was 0.23. Based on the 14-day stochastic reading of 31.71%, the RSI (14) reading is 41.98%. On the 9-day MACD Oscillator, the stock is at -0.19, and the 14-day reading is at -0.34.
Analyst Ratings
Under Armour Inc. (NYSE: UA) was downgraded by Instinet to a a Reduce rating in its latest research report. The stock was previously rated as a a Neutral. Analysts have assigned Under Armour Inc. (UA) an Overweight rating. UA is a stock that is recommended for selling by 0 brokerage firms, while 13 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 12 others recommend it as a buy.
What is UA’s price target for the next 12 months?
The current consensus forecast for the stock is between $7.00 and $15.00, with a median target price of $10.00. In analyzing these forecasts, the average price target given by analysts for Under Armour Inc. (UA) is $10.11.
