Should You Sell Under Armour Inc (UAA) And Go Away This Year?

Under Armour Inc (NYSE:UAA) currently has a daily average trading volume of 7.22M but it saw 3763101 shares traded in last market. With a market cap of 2.88B USD, the company’s current market price of $6.61 came rising about 0.92 while comparing to the previous closing price of $6.55. In past 52 weeks, the stock remained buoying in the range of price level as high as $9.50 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 $6.92, while its current price level is -30.42% below from 52-week high level whereas it is 5.09% 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 $7.68 while that of 200 days or SMA-200 reads an average of $7.66. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.43% during that period while stretching the period over a month that increases to 2.57%. 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 29.89 which implies that the stock is in oversold 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 -0.45% down while it is -8.58% when we observe its performance for the past one month. Year-to-date it is -24.80% down and over the past year, the stock is showing a downside performance of -27.92%.

Currently, Under Armour Inc’s total number of outstanding shares is 188.70M. 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 7.42 while having a 11.15 of forward P/E ratio. Stock’s beta reads 1.64. Stock has a price to book (P/B) ratio of 1.32 while price to sale or P/S ratio amounts to 0.50. Its return on asset (ROA) is 8.16% on average.