Under Armour Inc (NYSE: UAA) Slides 2.46% In Recent Trade, What To Expect Next?

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Under Armour Inc (NYSE:UAA) traded at $7.90 at close of the session on Friday, August 09, made an upward move of 2.46% on its previous day’s price.

Looking at the stock we see that its previous close was $7.71 . In terms of its 52-week price range, UAA has a high of $9.50 and a low of $6.17. The company’s stock has gained about 13.02% over that past 30 days.

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Under Armour Inc has a market cap of $3.45 billion. Estimates by analysts give the company expected earnings per share (EPS) of 0.14, with the EPS growth for the year raised at 0.2 for current year and 0.2 for next year.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 1.39B, with a low of 1.37B and a high of 1.42B. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 5.1B, or -10.60% down from figures reported last year.

Based on estimates by 16 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 6 have rated the Under Armour Inc (UAA) stock as a Hold, while 8 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 2 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 17.12% off its SMA20 and 16.08% from its 50-day simple moving average. The RSI (14) is pointing at 70.45 while the volatility over the past week is 5.31% and jumps to 4.03% over the past one month. The beta value is 1.59, while the average true range (ATR) is currently pointing at 0.34. The average price target for the stock over the next 12 months is $10, with the estimates having a low of $4 and a high of $35. These price ends are 49.37% and -343.04% off the current price level respectively, although investors could be excited at the prospect of a -26.58% if the UAA share price touches on the median price of $10.

Coming back to Under Armour Inc (NYSE:UAA), we note that the average 3-month trading volume was 11.65 million, while that of the preceding 10-day period stands at 16.36 million. Current shares outstanding are 188.80 million.

The insiders hold 56.84% of the company’s shares while institutions hold 37.88%. The data shows that short shares as of 2024-07-15, stood at 25.08 million at a short ratio of 2.15. This represents a 13.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.313.3 short interest in shares outstanding on 2024-07-15. Shares short rose in July from the previous month at 22.69 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -10.13% down in year-to-date price movement.

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