Under Armour Inc (NYSE:UAA) saw a downside of -4.53% to close Monday at $6.54 after subtracting -$0.31 on the day. The 5-day average trading volume is 5,831,480 shares of the company’s common stock. It has gained $7.23 in the past week and touched a new high 2 times within the past 5 days. An average of 5,774,325 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,412,282.
UAA’s 1-month performance is -8.15% or -$0.66 on its low of $6.54 reached on 09/25/23. The company’s shares have touched a 52-week low of $6.38 and high of $13.05, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, UAA has lost -35.63% or -$3.62 and has reached a new high 13 times. However, the current price is down -49.87% from the 52-week high price.
Insider Transactions
UAA stock investors last saw insider trading activity on May 31.Plank Kevin A (Exec. Chair & Brand Chief) most recently sold 16,000,000 shares at $6.13 per share on May 31. This transaction cost the insider $98,080,000. Chief Administrative Officer, Rocker Tchernavia, sold 69,823 shares at a price of $9.32 on Feb 10.
Valuation Metrics
UAA stock has a beta of 1.63. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.50 while the price-to-book (PB) in the most recent quarter is 1.45.
Under Armour Inc’s quick ratio for the period ended June 29 was 1.14, with the current ratio over the same period at 2.04. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.63, while the total debt to equity was 0.74. In terms of profitability, the gross margin trailing 12 months is 44.27%. The trailing 12-month EBITDA margin is 6.43% while for the period ending June 29, Under Armour Inc’s operating margin was 3.87%. The firm’s gross profit as reported stood at $2.65 billion against revenue of $5.9 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected UAA to announce -$0.02 per share in earnings in its latest quarter, but it posted $0.02, representing a 200.00% surprise. EBITDA for the quarter stood at more than $57.65 million. UAA stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.86 billion, with total debt at $1.49 billion. Shareholders hold equity totaling $445.34 million.
Let’s look briefly at Under Armour Inc (UAA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 21.04% to suggest the stock is trending oversold, with historical volatility in this time period at 28.29%.
The stock’s 5-day moving average is $6.90, reflecting a -8.02% or -$0.57 change from its current price. UAA is currently trading -9.17% above its 20-day SMA, -22.42% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -14.06% and SMA200 by-31.23%.
Stochastic %K and %D was 4.23% and 5.34% and the average true range (ATR) pointed at 0.23. The RSI (14) points at 28.28%, while the 14-day stochastic is at 0.00% with the period’s ATR at 0.23. The stock’s 9-day MACD Oscillator is pointing at -0.30 and -0.37 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Under Armour Inc (NYSE: UAA), Wells Fargo downgraded it to an Equal weight rating. They previously had an Overweight rating on the stock. Analysts offering their rating for UAA stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate UAA as a “sell,”, while 14 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 12 have offered a “buy” rating.
What is UAA’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $7.00 and a high of $15.00, with their median price target at $9.90. Looking at these predictions, the average price target given by analysts is for Under Armour Inc (UAA) stock is $10.04.
