Is Under Armour Inc (NYSE: UAA) Still Trending?

Under Armour Inc (NYSE:UAA) price closed higher on Friday, July 26, jumping 1.77% above its previous close.

A look at the daily price movement shows that the last close reads $6.77. The company’s P/E ratio in the trailing 12-month period read 13.38. Taking into account the 52-week price action we note that the stock hit a 52-week high of $9.50 and 52-week low of $6.18. The stock subtracted -2.13% on its value in the past month.

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On average, analysts have forecast the company’s revenue for the quarter will hit 1.15B, with the likely lows of 1.13B and highs of 1.29B. Staying with the analyst view, there is a consensus estimate of 5.08B for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow -10.90% below that which the company brought in the current year earning report.

Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give UAA a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.

The overview shows that UAA’s price is at present 3.15% off the SMA20 and 1.31% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 54.30, with weekly volatility standing at 3.17%. The indicator jumps to 3.63% when calculated based on the past 30 days. Under Armour Inc (NYSE:UAA)’s beta value is holding at 1.67, while the average true range (ATR) indicator is currently reading 0.24.

An analysis of the Under Armour Inc (NYSE:UAA) stock in terms of its daily trading volume indicates that the 3-month average is 10.15 million.

Current records show that the company has 188.80M in outstanding shares. The insiders’ percentage holdings are 56.84% of outstanding shares while the percentage share held by institutions stands at 37.68%. But the -21.62% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.

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