Amer Sports Inc. (NYSE:AS) traded at $18.93 at last check on current trade day and made a downward move of -3.22% on its previous day’s price.
Looking at the stock we see that its previous close was $19.56 with the day’s price range being $18.41 – $19.28. In terms of its 52-week price range, AS has a high of $19.73 and a low of $10.11. The company’s stock has gained about 30.46% over that past 30 days.
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Amer Sports Inc. has a market cap of $9.56 billion and is expected to release its quarterly earnings report on 2024-Aug-20. Estimates by analysts give the company expected earnings per share (EPS) of 0.1, with the EPS growth for the year raised at 0.44 for current year and 0.44 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 1.3B, with a low of 1.28B and a high of 1.32B. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 5.08B, or 15.90% up from figures reported last year.
Based on estimates by 5 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Amer Sports Inc. (AS) stock as a Hold, while 4 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 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 13.71% off its SMA20 and 30.77% from its 50-day simple moving average. The RSI (14) is pointing at 75.04 while the volatility over the past week is 5.69% and jumps to 3.87% over the past one month. The average price target for the stock over the next 12 months is $19.5, with the estimates having a low of $15 and a high of $23. These price ends are 20.76% and -21.5% off the today’s price level respectively, although investors could be excited at the prospect of a -3.01% if the AS share price touches on the median price of $19.5.
Coming back to Amer Sports Inc. (NYSE:AS), we note that the average 3-month trading volume was 1.64 million, while that of the preceding 10-day period stands at 2.54 million. Current shares outstanding are 505.25 million.
The insiders hold 86.50% of the company’s shares while institutions hold 8.79%. The data shows that short shares as of 2024-09-30, stood at 6.19 million at a short ratio of 3.87. This represents a 690.00 short interest in shares outstanding on 2024-09-30. Shares short fall in September from the previous month at 7.15 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 41.27% up in year-to-date price movement.
