Under Armour Inc (NYSE:UAA) price on Thursday, May 22, remained unchanged to $6.52.
A look at the stock’s price movement, the close in the last trading session was $6.52. Turning to its 52-week performance, $11.89 and $4.78 were the 52-week high and 52-week low respectively. Overall, UAA moved 12.80% over the past month.
Under Armour Inc’s market cap currently stands at around $2.73 billion, with investors looking forward to this quarter’s earnings report slated for in June.
Analysts have a consensus estimate of 1.13B for the company’s revenue for the quarter, with a low and high estimate of 1.12B and 1.14B respectively. The average forecast suggests down to a -4.36% 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 5.05B, representing a -2.26% 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 Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell 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 6.73% and 7.66% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 59.15, while 7-day volatility ratio is 2.02% and 2.53% in the 30-day chart. Further, Under Armour Inc (UAA) has a beta value of 1.62, and an average true range (ATR) of 0.32. Analysts have given the company’s stock an average 52-week price target of $6.2, forecast between a low of $5 and high of $7.4. Looking at the price targets, the low is 23.31% off current price level while to achieve the yearly target high, price needs to move -13.5%. Nonetheless, investors will most likely welcome a 4.91% jump to $6.2 which is the analysts’ median price.
If we refocus on Under Armour Inc (NYSE:UAA), historical trading data shows that trading volumes averaged 15.90 million over the past 3 months. The company’s latest data on shares outstanding shows there are 429.86 million shares.
The 56.17% of Under Armour Inc’s shares are in the hands of company insiders while institutional holders own 47.35% of the company’s shares. Current price change has pushed the stock -21.26% 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.
