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Analysts Advise You To Maintain Your Position In Under Armour Inc. (NYSE: UAA)

Under Armour Inc. (NYSE:UAA) traded at $11.50 at last check on Tuesday, 01/24/23, made a downward move of -1.88% on its previous day’s price.

Looking at the stock we see that its previous close was $11.72 and the beta (5Y monthly) reads 1.41 with the day’s price range being $11.67 – $11.95. The company has a trailing 12-month PE ratio of 38.30. In terms of its 52-week price range, UAA has a high of $20.65 and a low of $6.38. The company’s stock has gained about 18.38% over that past 30 days.

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Under Armour Inc. has a market cap of $4.87 billion and is expected to release its quarterly earnings report on Feb 09, 2023 – Feb 13, 2023. Estimates by analysts give the company expected earnings per share (EPS) of $0.16, with the EPS growth for the year raised at $0.44 for 2023 and $0.67 for next year. These figures represent -35.30% and 52.30% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1.55 billion, with a low of $1.51 billion and a high of $1.58 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2023 is expected to hit $5.96 billion, or 4.10% up from figures reported last year.

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 UAA stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 50% Buy.

Looking further, we note that the PEG ratio for the UAA stock currently stands at 8.74, and the most recent price level today is 5.99% off its SMA20 and 13.31% from its 50-day simple moving average. The RSI (14) is pointing at 59.76 while the volatility over the past week is 3.34% and jumps to 3.92% over the past one month. The beta value is 1.49, while the average true range (ATR) is currently pointing at 0.45.

Let’s briefly compare Under Armour Inc. (UAA) stock to its peers. We find that today’s price change of -1.88% and -37.56% over the past 12 months for UAA competes that of NIKE Inc. (NKE), which has seen its stock price fall -1.36% in the latest trading session and is -11.28% over the last one year. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -1.43% and -1.17%, respectively, in early deals.

Coming back to Under Armour Inc. (NYSE:UAA), we note that the average 3-month trading volume was 8.30 million, while that of the preceding 10-day period stands at 6.55 million. Current shares outstanding are 454.32 million.

The insiders hold 0.28% of the company’s shares while institutions hold 81.40%. The data shows that short shares as of Oct 13, 2022, stood at 20.64 million at a short ratio of 2.55. This represents a 4.53% short interest in shares outstanding on Oct 13, 2022. Shares short fall in October from the previous month at 22.28 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 15.35% up in year-to-date price movement.

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