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Would I Buy Under Armour Inc. (NYSE: UA) Stock At Any Time In The Future?

The trading price of Under Armour Inc. (NYSE:UA) floating higher at last check on Wednesday, August 03, closing at $8.35, 1.15% higher than its previous close.

Traders who pay close attention to intraday price movement should know that it has been fluctuating between $8.21 and $8.40. The company’s P/E ratio in the trailing 12-month period was 8.73, while its 5Y monthly beta was 1.34. In examining the 52-week price action we see that the stock hit a 52-week high of $23.00 and a 52-week low of $7.22. Over the past month, the stock has gained 7.56% in value.

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Under Armour Inc., whose market valuation is $3.73 billion at the time of this writing, is expected to release its quarterly earnings report Apr 25, 2018 – Apr 30, 2018. Investors’ optimism about the company’s current quarter earnings report is understandable.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Under Armour Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest UA has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.

Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned UA a recommendation rating is 26. Out of them, 13 rate it a Hold, while 9 recommend Buy, whereas 3 assign an Overweight rating. 1 analyst(s) have tagged Under Armour Inc. (UA) as Underweight, while 0 advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.40, which symbolizes a positive outlook. A quick review shows that UA’s price is currently 6.65% off the SMA20 and -0.86% off the SMA50. The RSI metric on the 14-day chart is currently showing 53.91, and weekly volatility stands at 4.30%. When measured over the past 30 days, the indicator reaches 4.00%. Under Armour Inc. (NYSE:UA)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.34. With analysts defining $8.00-$20.00 as the low and high price targets, we arrive at a consensus price target of $12.50 for the trailing 12-month period. The current price is about 4.19% off the estimated low and -139.52% off the forecast high, based on this estimate. Investors will be thrilled if UA’s share price rises to $12.00, which is the median consensus price. At that level, UA’s share price would be -43.71% below current price.

To see how Under Armour Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: UA stock’s performance was 1.15% at last check in today’s session, and -54.42% in the past year, while NIKE Inc. (NKE) has been trading 1.31% in recent session and positioned -33.77% lower than it was a year ago. Furthermore, Lululemon Athletica Inc. (LULU) showed an increase of 1.99% today while its price kept declining at -24.08% over the past year. Under Armour Inc. has a P/E ratio of 8.73. Also during today’s trading, the S&P 500 Index has surged 1.03%, while the Dow Jones Industrial also saw a positive session, up 0.90% today.

An evaluation of the daily trading volume of Under Armour Inc. (NYSE:UA) indicates that the 3-month average is 6.14 million. However, this figure has increased over the past 10 days to an average of 2.53 million.

Currently, records show that 451.83 million of the company’s shares remain outstanding. The insiders hold 13.65% of outstanding shares, whereas institutions hold 67.63%. The stats also highlight that short interest as of Jul 14, 2022, stood at 11.66 million shares, resulting in a short ratio of 1.54 at that time. From this, we can conclude that short interest is 2.53% of the company’s total outstanding shares. It is noteworthy that short shares in July were down slightly from the previous month’s figure, which was 14.58 million. However, since the stock’s price has seen -54.27% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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