A Few Bright Spots In Under Armour Inc (NYSE: UAA)

Under Armour Inc (NYSE:UAA) currently has a daily average trading volume of 7.36M but it saw 6637926 shares traded in last market. With a market cap of 3.00B USD, the company’s current market price of $6.90 came falling about -1.15 while comparing to the previous closing price of $6.98. In past 52 weeks, the stock remained buoying in the range of price level as high as $9.56 and as low as $6.29.

Taking a look at 20-day trading activity of Under Armour Inc (UAA) gives us an average price of $7.46, while its current price level is -27.82% below from 52-week high level whereas it is 9.70% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $7.89 while that of 200 days or SMA-200 reads an average of $7.69. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.95% during that period while stretching the period over a month that increases to 3.18%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 30.55 which implies that the stock is in neutral territory.

Evercore ISI downgraded its recommendation for the stock as a “Underperform” from “In-line” on March 14, 2024 while assigning a price target range of $8-$7. Truist issued its recommendations for the stock as it initiated the price target for the stock is $8.

Over the week, UAA’s stock price is moving -4.96% down while it is -20.32% when we observe its performance for the past one month. Year-to-date it is -21.50% down and over the past year, the stock is showing a downside performance of -26.91%.

The latest quarterly earnings report issued by the company was for quarter ended 12/30/2023, when its quarterly earnings per share (EPS) of $0.19 beat the consensus estimate of $0.11 for the same. For UAA, analysts are forecasting an EPS-growth rate of -10.30% for current year and estimate for EPS growth in next year is 15.40%. In next quarter, company is expected to be making quarterly sales of $1.31 billion as analysts are expecting the sales for current fiscal year at $5.71 billion and seeing the company making $5.84 billion in sales next year. Moreover, analysts are in estimates of $1.33 billion for current-quarter revenue.

Currently, Under Armour Inc’s total number of outstanding shares is 188.70M with 0.27% of that held by the insiders while 81.50% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 11.77% and return on equity (ROE) at 20.12%. It has a price to earnings ratio (P/E ratio) of 7.75 while having a 11.63 of forward P/E ratio. Stock’s beta reads 1.64. Stock has a price to book (P/B) ratio of 1.38 while price to sale or P/S ratio amounts to 0.52. Its return on asset (ROA) is 8.16% on average.