As of Thursday close, Academy Sports and Outdoors Inc.’s (NASDAQ:ASO) stock was down -$1.06, moving down -2.18 percent to $47.63. The average number of shares traded per day over the past five days has been 1,752,520 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.54 fall in that time frame. In the last twenty days, the average volume was 1,891,530, while in the previous 50 days, it was 1,572,874.
Since last month, ASO stock retreated -8.21%. Shares of the company fell to $47.13 on 09/21/23, the lowest level in the past month. A 52-week high of $69.02 was reached on 04/12/23 after having rallying from a 52-week low of $40.67. Since the beginning of this year, ASO’s stock price has dropped by -9.35% or -$4.91, and marked a new high 14 times. However, the stock has declined by -30.99% since its 52-week high.
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ASO stock investors should be aware that Academy Sports and Outdoors Inc. (ASO) stock had its last reported insider trading activity 10 days ago on Sep 12. Johnson Samuel J, the EVP, Retail Operations of the company, disposed of 40,531 shares for $50.03 on Sep 12. It resulted in a $2,027,766 divestment by the insider. Tweedy Jeffrey C. sold 300 shares at an average price of $49.44 on Sep 12. The insider now owns 11,900 shares following the transaction. On Sep 06, SVP-Accounting Treasury Tax Davis Heather A. sold 15,907 shares at $51.33 apiece. The transaction was valued at $816,506.
Valuation Metrics
Right now, Academy Sports and Outdoors Inc. (ASO) has a P/E ratio of about 7.04. The stock’s beta is 1.24. Besides these, the trailing price-to-sales (P/S) ratio of 0.58, the price-to-book (PB) ratio of 2.09, and the price-to-cash flow ratio of 9.88 may also be considered.
The latest dividend of $0.09 per share was paid out, remained unchanged from last year’s $0.09. On Thursday March 2 2023, a $0.0150 dividend increase was announced.
Financial Health
In the three months ended July 30, Academy Sports and Outdoors Inc.’s quick ratio stood at 0.40, while its current ratio was 1.70, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending July 30 was 0.34, and the total debt-to-equity ratio was 0.34. On the profitability front, the trailing twelve-month gross margin is 34.20% percent. In the year ended July 30, EBITDA margin amounted to 14.90%, whereas operating margins totaled 11.60%. Based on annual data, ASO earned $2.21 billion in gross profit and brought in $6.4 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 29.50%. Return on equity (ROE) for the past 12 months was 32.70%.
In Academy Sports and Outdoors Inc.’s quarter-end financial report for July 30, it reported total debt of $583.73 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ASO’s revenue fell -6.6% to $1.38 billion during the quarter, while net income inched up to $1.58 billion. While analysts expected Academy Sports and Outdoors Inc. to report $1.99 quarterly earnings, the actual figure was $2.09 per share, beating the consensus estimate by 5.00%. During the quarter, the company generated $237.4 million in EBITDA. The liabilities of Academy Sports and Outdoors Inc. were 2.94 billion at the end of its most recent quarter ended July 30, and its total debt was $1.76 billion. The value of shareholders’ equity is $74.53 million.
Technical Picture
This quick technical analysis looks at Academy Sports and Outdoors Inc.’s (ASO) price momentum. With a historical volatility rate of 27.55%, the RSI 9-day stood at 30.65% on 21 September.
With respect to its five-day moving average, the current Academy Sports and Outdoors Inc. price is down by -6.92% percent or -$3.54. At present, ASO shares trade -3.95% below its 20-day simple moving average and -25.02% percent below its 100-day simple moving average. However, the stock is currently trading approximately -18.75% below its SMA50 and -4.59% below its SMA200.
Stochastic coefficient K was 4.22% and Stochastic coefficient D was 6.29%, while ATR was 1.62. Given the Stochastic reading of 5.69% for the 14-day period, the RSI (14) reading has been calculated as 34.80%. As of today, the MACD Oscillator reading stands at -0.83, while the 14-day reading stands at -1.76.
Analyst Ratings
Academy Sports and Outdoors Inc. downgraded its rating on Academy Sports and Outdoors Inc. (NASDAQ: ASO) to a Hold in a note to investors on August 28, 2023. The analysts firm previously had a Accumulate rating on the stock.Academy Sports and Outdoors Inc. (ASO) has been rated Buy by analysts. According to 0 brokerage firms, ASO is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Academy Sports and Outdoors Inc. stock as buy, with 14 recommending it as overweight.
With a median target price of $70.00, the current consensus forecast for the stock is $56.00 – $85.00. Based on these forecasts, analysts predict Academy Sports and Outdoors Inc. (ASO) will achieve an average price target of $69.06.
