Under Armour Inc. (NYSE:UAA) price on Friday, August 06, rose 0.77% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $25.00.
A look at the stock’s price movement, the level at last check in today’s session was $24.81, moving within a range at $23.62 and $24.87. The beta value (5-Year monthly) was 1.27 while the PE ratio in trailing twelve months stood at 109.30. Turning to its 52-week performance, $26.45 and $9.66 were the 52-week high and 52-week low respectively. Overall, UAA moved 19.97% over the past month.
Under Armour Inc.’s market cap currently stands at around $10.48 billion, with investors looking forward to this quarter’s earnings report slated for Oct 28, 2021 – Nov 01, 2021. Analysts project the company’s earnings per share (EPS) to be $0.05, which has seen fiscal year 2021 EPS growth forecast to increase to $0.34 and about $0.51 for fiscal year 2022. Per the data, EPS growth is expected to be 230.80% for 2021 and 50.00% for the next financial year.
Analysts have a consensus estimate of $1.21 billion for the company’s revenue for the quarter, with a low and high estimate of $1.2 billion and $1.23 billion respectively. The average forecast suggests up to a 70.60% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $5.33 billion, representing a 19.10% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that UAA is a Hold. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
29 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 14 analyst(s) rate the stock as a Hold, 10 recommend UAA as a Buy and 1 give it an Overweight rating. Meanwhile, 1 analyst(s) rate the stock as Underweight and 3 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 5.46, with UAA’s current price about 19.86% and 18.24% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 76.82, while 7-day volatility ratio is 5.60% and 3.97% in the 30-day chart. Further, Under Armour Inc. (UAA) has a beta value of 1.28, and an average true range (ATR) of 0.93. Analysts have given the company’s stock an average 52-week price target of $26.77, forecast between a low of $8.00 and high of $38.00. Looking at the price targets, the low is 68.0% off recent price level in today’s trading while to achieve the yearly target high, it has to move -52.0%. Nonetheless, investors will most likely welcome a -6.0% jump to $26.50 which is the analysts’ median price.
In the market, a comparison of Under Armour Inc. (UAA) and its peers suggest the former has performed considerably stronger. Data shows UAA’s intraday price has changed 0.77% today and 133.84% over the past year. Comparatively, NIKE Inc. (NKE) has moved -0.41% so far today and only 72.23% in the past 12 months. Looking at another peer, we see that Alliance Data Systems Corporation (ADS) price has gained 2.15% on the day. However, the stock is 103.44% off its price today a year ago. If we look at the PE ratio, we find that Under Armour Inc.’s ratio stands at 109.30 compared to NIKE Inc.’s 48.83 and Alliance Data Systems Corporation’s 5.79. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.08% and 0.37% respectively on the day as seen in early trades.
If we refocus on Under Armour Inc. (NYSE:UAA), historical trading data shows that trading volumes averaged 9.06 million over the past 10 days and 5.39 million over the past 3 months. The company’s latest data on shares outstanding shows there are 456.01 million shares.
The 0.36% of Under Armour Inc.’s shares are in the hands of company insiders while institutional holders own 96.70% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 13.33 million on Jun 29, 2021, giving us a short ratio of 2.6. The data shows that as of Jun 29, 2021 short interest in Under Armour Inc. (UAA) stood at 2.92% of shares outstanding, with shares short falling to 15.92 million registered in May 27, 2021. Current price change has pushed the stock 44.50% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the UAA stock continues to rise going into the next quarter.