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Why Did Under Armour Inc. (NYSE: UA) Drop So Much?

Under Armour Inc. (NYSE:UA) traded at $8.38 at last check on Tuesday, November 22, made an upward move of 4.88% on its previous day’s price.

Looking at the stock we see that its previous close was $7.99 and the beta (5Y monthly) reads 1.41 with the day’s price range being $7.92 – $8.26. The company has a trailing 12-month PE ratio of 17.37. In terms of its 52-week price range, UA has a high of $22.69 and a low of $5.74. The company’s stock has gained about 31.20% over that past 30 days.

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Under Armour Inc. has a market cap of $3.88 billion and is expected to release its quarterly earnings report on Apr 25, 2018 – Apr 30, 2018.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the UA stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 50% Sell.

Based on estimates by 27 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 16 have rated the Under Armour Inc. (UA) stock as a Hold, while 9 rate it as a Buy. 1 analyst(s) rate it as overweight while 1 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the UA stock currently stands at 0.80, and the most recent price level today is 15.49% off its SMA20 and 21.56% from its 50-day simple moving average. The RSI (14) is pointing at 64.97 while the volatility over the past week is 3.75% and jumps to 5.14% over the past one month. The average price target for the stock over the next 12 months is $10.61, with the estimates having a low of $8.00 and a high of $20.00. These price ends are 4.53% and -138.66% off the today’s price level respectively, although investors could be excited at the prospect of a -7.4% if the UA share price touches on the median price of $9.00.

Let’s briefly compare Under Armour Inc. (UA) stock to its peers. We find that today’s price change of 4.88% and -64.69% over the past 12 months for UA competes that of NIKE Inc. (NKE), which has seen its stock price rise 0.79% in the latest trading session and is -40.63% over the last one year. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.72% and 0.82%, respectively, in early deals.

Coming back to Under Armour Inc. (NYSE:UA), we note that the average 3-month trading volume was 3.76 million, while that of the preceding 10-day period stands at 3.8 million. Current shares outstanding are 229.10 million.

The insiders hold 15.62% of the company’s shares while institutions hold 67.32%. The data shows that short shares as of Oct 13, 2022, stood at 8.76 million at a short ratio of 2.32. This represents a 1.92% short interest in shares outstanding on Oct 13, 2022. Shares short fall in October from the previous month at 9.8 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -55.71% down in year-to-date price movement.

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