Under Armour Inc (NYSE:UAA) shares, rose in value, with the stock price down by -1.16% to the previous day’s close as strong demand from buyers drove the stock to $6.82.
Actively observing the price movement in the last trading, the stock closed the session at $6.90. The value of beta (5-year monthly) was 1.67 whereas the PE ratio was 7.66 over 12-month period. Referring to stock’s 52-week performance, its high was $9.50, and the low was $6.29. On the whole, UAA has fluctuated by -20.79% over the past month.
With the market capitalization of Under Armour Inc currently standing at about $2.97 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 07, 2024 – May 13, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.08, which is expected to increase to $0.06 for fiscal year $0.52 and then to about $0.6 by fiscal year 2025. Data indicates that the EPS growth is expected to be -10.30% in 2025, while the next year’s EPS growth is forecast to be 15.40%.
Analysts have estimated the company’s revenue for the quarter at $1.33 billion, with a low estimate of $1.31 billion and a high estimate of $1.36 billion. According to the average forecast, sales growth in current quarter could jump down -4.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $5.71 billion, representing a decrease of -3.30% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that UAA’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.90, with the price of UAA currently trading nearly -8.60% and -13.57% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 29.17, while the 7-day volatility ratio is showing 2.96% which for the 30-day chart, stands at 3.15%. Furthermore, Under Armour Inc (UAA)’s beta value is 1.64, and its average true range (ATR) is 0.25.
A comparison of Under Armour Inc (UAA) with its peers suggests the former has fared considerably weaker in the market. UAA showed an intraday change of -1.16% in last session, and over the past year, it shrunk by -26.75%%.
Data on historical trading for Under Armour Inc (NYSE:UAA) indicates that the trading volumes over the past 10 days have averaged 6.31 million and over the past 3 months, they’ve averaged 7.37 million. According to company’s latest data on outstanding shares, there are 188.70 million shares outstanding.
Nearly 56.72% of Under Armour Inc’s shares belong to company insiders and institutional investors own 34.75% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 17.61 million shares as on Mar 15, 2024, resulting in a short ratio of 2.45. According to the data, the short interest in Under Armour Inc (UAA) stood at 4.05% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 15.98 million. The stock has fallen by -22.41% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the UAA stock heading into the next quarter.
