As of Wednesday close, Under Armour Inc.’s (NYSE:UA) stock was down -$0.02, moving down -0.29 percent to $6.92. The average number of shares traded per day over the past five days has been 2,549,240 shares. 5 times new highs have been achieved over the past 5 days, with a $0.43 gain in that time frame. In the last twenty days, the average volume was 3,721,005, while in the previous 50 days, it was 3,076,062.
Since last month, UA stock retreated -4.95%. Shares of the company fell to $6.37 on 08/23/23, the lowest level in the past month. A 52-week high of $11.41 was reached on 02/02/23 after having rallying from a 52-week low of $5.74. Since the beginning of this year, UA’s stock price has dropped by -22.42% or -$2.00, and marked a new high 13 times. However, the stock has declined by -39.38% since its 52-week high.
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UA stock investors should be aware that Under Armour Inc. (UA) stock had its last reported insider trading activity 92 days ago on May 31. Plank Kevin A, the Exec. Chair & Brand Chief of the company, disposed of 16,000,000 shares for $6.13 on May 31. It resulted in a $98,080,000 divestment by the insider. Rocker Tchernavia sold 69,823 shares at an average price of $9.32 on Feb 10. The insider now owns 260,291 shares following the transaction.
Valuation Metrics
Right now, Under Armour Inc. (UA) has a P/E ratio of about 8.65. The stock’s beta is 1.64. Besides these, the trailing price-to-sales (P/S) ratio of 0.55, the price-to-book (PB) ratio of 1.54.
Financial Health
Based on annual data, UA earned $2.65 billion in gross profit and brought in $5.9 billion in revenue.
In Under Armour Inc.’s quarter-end financial report for June 29, it reported total debt of $594.11 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. UA’s revenue fell -2.43% to $1.4 billion during the quarter, while net income inched up to $1.32 billion. While analysts expected Under Armour Inc. to report -$0.04 quarterly earnings, the actual figure was $0.02 per share. During the quarter, the company generated $57.65 million in EBITDA. The liabilities of Under Armour Inc. were 2.86 billion at the end of its most recent quarter ended June 29, and its total debt was $1.49 billion. The value of shareholders’ equity is $445.34 million.
Technical Picture
This quick technical analysis looks at Under Armour Inc.’s (UA) price momentum. With a historical volatility rate of 44.08%, the RSI 9-day stood at 51.93% on 30 August.
With respect to its five-day moving average, the current Under Armour Inc. price is up by +6.63% percent or $0.43. At present, UA shares trade -1.98% below its 20-day simple moving average and -15.09% percent below its 100-day simple moving average.
Stochastic coefficient K was 53.67% and Stochastic coefficient D was 37.38%, while ATR was 0.23. Given the Stochastic reading of 63.58% for the 14-day period, the RSI (14) reading has been calculated as 49.09%. As of today, the MACD Oscillator reading stands at 0.16, while the 14-day reading stands at 0.02.
Analyst Ratings
Under Armour Inc. downgraded its rating on Under Armour Inc. (NYSE: UA) to a Reduce in a note to investors on February 27, 2017. The analysts firm previously had a Neutral rating on the stock.Under Armour Inc. (UA) has been rated Overweight by analysts. According to 0 brokerage firms, UA is a sell, and 13 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Under Armour Inc. stock as buy, with 12 recommending it as overweight.
With a median target price of $10.00, the current consensus forecast for the stock is $7.00 – $15.00. Based on these forecasts, analysts predict Under Armour Inc. (UA) will achieve an average price target of $10.11.
