As of Thursday close, Under Armour Inc.’s (NYSE:UAA) stock was down -$0.04, moving down -0.52 percent to $7.64. The average number of shares traded per day over the past five days has been 6,394,600 shares. 4 times new highs have been achieved over the past 5 days, with a $0.52 gain in that time frame. In the last twenty days, the average volume was 7,197,760, while in the previous 50 days, it was 6,513,348.
Since last month, UAA stock retreated -0.65%. Shares of the company fell to $6.99 on 08/23/23, the lowest level in the past month. A 52-week high of $13.05 was reached on 02/02/23 after having rallying from a 52-week low of $6.38. Since the beginning of this year, UAA’s stock price has dropped by -24.80% or -$2.52, and marked a new high 13 times. However, the stock has declined by -41.43% since its 52-week high.
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UAA stock investors should be aware that Under Armour Inc. (UAA) stock had its last reported insider trading activity 93 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. (UAA) has a P/E ratio of about 9.03. The stock’s beta is 1.63. Besides these, the trailing price-to-sales (P/S) ratio of 0.55, the price-to-book (PB) ratio of 1.69.
Financial Health
In the recent quarter, Under Armour Inc.’s quick ratio stood at 1.10, while its current ratio was 2.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.30, and the total debt-to-equity ratio was 0.34. On the profitability front, the trailing twelve-month gross margin is 44.70% percent. In the recent year, EBITDA margin amounted to 6.43%, whereas operating margins totaled 4.60%. Based on annual data, UAA earned $2.65 billion in gross profit and brought in $5.9 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 14.40%. Return on equity (ROE) for the past 12 months was 20.30%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. 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, 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 (UAA) price momentum. With a historical volatility rate of 49.60%, the RSI 9-day stood at 52.20% on 31 August.
With respect to its five-day moving average, the current Under Armour Inc. price is up by +7.30% percent or $0.52. At present, UAA shares trade -2.30% below its 20-day simple moving average and -16.87% percent below its 100-day simple moving average. However, the stock is currently trading approximately +2.55% above its SMA50 and -18.55% below its SMA200.
Stochastic coefficient K was 67.70% and Stochastic coefficient D was 57.82%, while ATR was 0.26. Given the Stochastic reading of 66.33% for the 14-day period, the RSI (14) reading has been calculated as 50.09%. As of today, the MACD Oscillator reading stands at 0.29, while the 14-day reading stands at 0.12.
Analyst Ratings
Under Armour Inc. downgraded its rating on Under Armour Inc. (NYSE: UAA) to an Equal weight in a note to investors on June 23, 2023. The analysts firm previously had an Overweight rating on the stock.Under Armour Inc. (UAA) has been rated Overweight by analysts. According to 0 brokerage firms, UAA is a sell, and 14 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 $9.50, the current consensus forecast for the stock is $7.00 – $15.00. Based on these forecasts, analysts predict Under Armour Inc. (UAA) will achieve an average price target of $10.05.
