Under Armour Inc (NYSE:UAA) price on current trading day, rose 1.13% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $8.52.
A look at the stock’s price movement, the level at last check in today’s session was $8.42, moving within a range at $8.38 and $8.54. 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 -13.11% over the past month.
Under Armour Inc’s market cap currently stands at around $3.50 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 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% 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 -8.87% and -8.37% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.52, while 7-day volatility ratio is 4.16% and 4.41% in the 30-day chart. Further, Under Armour Inc (UAA) has a beta value of 1.69, and an average true range (ATR) of 0.41. 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 6.1% off recent price level in today’s trading while to achieve the yearly target high, it has to move -29.11%. Nonetheless, investors will most likely welcome a -5.63% 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 11.08 over the past 10 days and 11.05 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 43.18% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 32.78 million on 2024-11-29, giving us a short ratio of 2.85. The data shows that as of 2024-11-29 short interest in Under Armour Inc (UAA) stood at 1739.0 of shares outstanding, with shares short rising to 26.81 million registered in 2024-10-31. Current price change has pushed the stock -3.13% 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.
