Under Armour Inc (NYSE:UAA) price on current trading day, fall -1.38% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $10.03.
A look at the stock’s price movement, the close in the last trading session was $10.17, moving within a range at $9.98 and $10.39. The beta value (5-Year monthly) was 1.662. Turning to its 52-week performance, $11.89 and $6.17 were the 52-week high and 52-week low respectively. Overall, UAA moved 13.21% over the past month.
Under Armour Inc’s market cap currently stands at around $4.11 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 1.34B for the company’s revenue for the quarter, with a low and high estimate of 1.33B and 1.37B respectively. The average forecast suggests down to a -9.75% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 5.11B, representing a -10.45% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that UAA is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
16 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 6 analyst(s) rate the stock as a Hold, 8 recommend UAA as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 2 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
UAA’s current price about 2.32% and 9.08% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 58.56, while 7-day volatility ratio is 3.97% and 5.01% in the 30-day chart. Further, Under Armour Inc (UAA) has a beta value of 1.68, and an average true range (ATR) of 0.45. Analysts have given the company’s stock an average 52-week price target of $9, forecast between a low of $8 and high of $11. Looking at the price targets, the low is 20.24% off current price level while to achieve the yearly target high, price needs to move -9.67%. Nonetheless, investors will most likely welcome a 10.27% jump to $9 which is the analysts’ median price.
If we refocus on Under Armour Inc (NYSE:UAA), historical trading data shows that trading volumes averaged 7.87 over the past 10 days and 12.43 million over the past 3 months. The company’s latest data on shares outstanding shows there are 188.82 million shares.
The 56.46% of Under Armour Inc’s shares are in the hands of company insiders while institutional holders own 43.21% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 30.79 million on 2024-11-15, giving us a short ratio of 2.54. The data shows that as of 2024-11-15 short interest in Under Armour Inc (UAA) stood at 1632.9999999999998 of shares outstanding, with shares short rising to 28.88 million registered in 2024-10-15. Current price change has pushed the stock 14.11% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the UAA stock continues to rise going into the next quarter.
