Amer Sports Inc (NYSE:AS) shares, rose in value on Wednesday, March 26, with the stock price down by -2.85% to the previous day’s close as strong demand from buyers drove the stock to $27.98.
Actively observing the price movement in the last trading, the stock closed the session at $28.80, falling within a range of $27.55 and $28.72. The PE ratio was 198.02 over 12-month period. Referring to stock’s 52-week performance, its high was $34.00, and the low was $10.11. On the whole, AS has fluctuated by -2.95% over the past month.
With the market capitalization of Amer Sports Inc currently standing at about $15.50 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-24.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 5.96B, with a low estimate of 1.35B and a high estimate of 1.4B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.38B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AS’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 5.61, with the price of AS currently trading nearly -1.09% and -5.82% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.84, while the 7-day volatility ratio is showing 3.48% which for the 30-day chart, stands at 5.19%. Furthermore, Amer Sports Inc (AS)’s beta value is 2.72, and its average true range (ATR) is 1.39.
A comparison of Amer Sports Inc (AS) with its peers suggests the former has fared considerably weaker in the market. AS showed an intraday change of -2.85% in last session, and over the past year, it grew by 71.97%%.
Data on historical trading for Amer Sports Inc (NYSE:AS) indicates that the trading volumes over the past 10 days have averaged 3.11 and over the past 3 months, they’ve averaged 3.23 million. According to company’s latest data on outstanding shares, there are 553.63 million shares outstanding.
Nearly 80.50% of Amer Sports Inc’s shares belong to company insiders and institutional investors own 17.36% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 13.1 million shares as on 2025-03-14, resulting in a short ratio of 2.98. According to the data, the short interest in Amer Sports Inc (AS) stood at 941.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 6.32 million. The stock has risen by 0.07% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AS stock heading into the next quarter.
