Under Armour Inc. (NYSE:UA) does about 6.63M shares in volume on a normal day but saw 3462057 shares change hands in Tuesday trading. The company now has a market cap of 4.14B USD and an enterprise value of about $5.49B. Its current market price is $9.17, marking an increase of 3.62% compared to the previous close of $8.85. The 52 week high reached by this stock is $19.65 whilst the lowest price level in 52 weeks is $6.37. The script in recent trading has seen the stock touch a high of $9.18 and a low of $8.71.
Under Armour Inc. (UA) has a 20-day trading average at $9.23 and the current price is -53.33% off the 52-week high compared with 43.96% distance from its 52-week low. The 50-day simple moving average of the closing price is $9.13 and its 200-day simple moving average is $11.87. If we look at the stock’s price movements over the week, volatility stands at 3.51%, which increases to 3.77% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 49.77 to suggest the stock is neutral.
33 analysts observing the Under Armour Inc. (UA) stock have set the 12-month price targets for the company’s shares at between $5.00 and $16.00. The consensus objective for the share price is $13.50, suggesting that the stock has a potential upside of 32.07% over the period. The median price target is 8.3% away from the current levels at $10.00.
FactSet Research has provided data showing that 33 brokerages have issued ratings for the stock. 2 analysts have rated it as a sell, while 1 advise that it is a overweight. 3 analysts have rated it as a buy and 25 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Hold the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on February 27, 2017 when Instinet downgraded the stock to “Reduce” and issued a price target of . Morgan Stanley upgraded the stock to “Equal-Weight” from Underweight on February 14, 2017 at a price target of . Stifel reiterated its price target at $33-$28.
The current price level is -0.55%, 0.52%, and -22.94% away from its SMA20, SMA50, and SMA200 respectively, with the UA price moving above the 50-day SMA on September 01. Under Armour Inc. (UA) stock is up 0.66% over the week and 4.32% over the past month. Its price is -52.19% year-to-date and -45.68% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of -$0.31 above consensus estimates by $0.1. The company’s next earnings report is expected on 10/21/2020, with forecasts estimating quarterly EPS at $0.05 and -$0.73 for whole year. UA’s earnings per share are forecast to shrink by -314.70% this year and 120.50% over next year. Expected sales for next quarter are $1.12 billion, which analysts say will come at $3.88 billion for the current fiscal year and next year at $4.86 billion. In addition, estimates put the company’s current quarterly revenue at an average of $1.13 billion.
Its 12-month price target is $10.00. To reach the target analysts have set, the stock logically needs to grow 32.07 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $5.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $16.00.
Outstanding shares total 451.83M with insiders holding 15.29% of the shares and institutional holders owning 74.44% of the company’s common stock. The forward price to earnings ratio is 61.13. Price to book ratio is 2.93 and price to sales ratio is 0.92.
According to a U.S. Securities and Exchange Commission filing, Hartford Mid Cap Fund has reduced its position in Under Armour Inc. (UA) to 5,762,562 shares, mirroring a recent drop by -2.39%. Hartford Mid Cap Fund dumped -0.14 million shares of Under Armour Inc. common stock bringing its total worth to about $54.69 million at the end of recent close, SEC documents show. Hartford Mid Cap Fund isn’t the only investment manager who changed stakes and is followed by Vanguard Total Stock Market Index, which added 1791.0 shares to end up with 5,554,847 shares worth $52.72 million. Vanguard Explorer Fund raise their holdings by 31.85% in the company over the course of the most recent quarter. It now holds a 1.86% position in Under Armour Inc. thanks to 4.31 million shares amounting to $40.89 million.