Amer Sports Inc. (NYSE:AS) price closed higher on Monday, March 25, jumping 2.52% above its previous close.
A look at the daily price movement shows that the last close reads $16.27. Taking into account the 52-week price action we note that the stock hit a 52-week high of $18.23 and 52-week low of $13.10. The stock added 7.34% on its value in the past month.
Amer Sports Inc., which has a market valuation of $8.16 billion. Analysts tracking AS have forecast the quarterly EPS to grow by 0.04 per share this quarter, while the same analysts predict the annual EPS to hit $0.41 for the year 2024 and up to $0.67 for 2025. In this case, analysts estimate an annual EPS growth of 270.80% for the year and 63.40% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $1.13 billion, with the likely lows of $1.12 billion and highs of $1.14 billion. Staying with the analyst view, there is a consensus estimate of $4.98 billion for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 13.50% above that which the company brought in 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews.
The overview shows that AS’s price is at present 4.80% off the SMA20 and 7.69% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 61.60, with weekly volatility standing at 4.30%. The indicator jumps to 5.40% when calculated based on the past 30 days. Amer Sports Inc. (NYSE:AS)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.82.
An analysis of the Amer Sports Inc. (NYSE:AS) stock in terms of its daily trading volume indicates that the 3-month average is 2.26 million. However, this figure increases on the past 10-day timeline to an average of 0.93 million.
Current records show that the company has 115.57M in outstanding shares. The insiders’ percentage holdings are 80.58% of outstanding shares. The stats also highlight that short interest as of Feb 29, 2024, stood at 2.06 million shares, which puts the short ratio at the time at 0.89. From this we can glean that short interest is 0.49% of company’s current outstanding shares. But the 24.48% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
