Under Armour Inc (NYSE:UA) shares, rose in value, with the stock price down by -1.21% to the previous day’s close as strong demand from buyers drove the stock to $6.55.
Actively observing the price movement in the last trading, the stock closed the session at $6.63. The value of beta (5-year monthly) was 1.67 whereas the PE ratio was 7.35 over 12-month period. Referring to stock’s 52-week performance, its high was $8.99, and the low was $5.86. On the whole, UA has fluctuated by -20.32% over the past month.
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 $0.07, which is expected to increase to $0.06 for fiscal year $0.52 and then to about $0.59 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 13.50%.
Analysts have estimated the company’s revenue for the quarter at $1.33 billion, with a low estimate of $1.32 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 $5.72 billion, representing a decrease of -3.20% 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 UA’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 0.34, with the price of UA currently trading nearly -8.65% and -13.85% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 29.04, while the 7-day volatility ratio is showing 2.80% which for the 30-day chart, stands at 2.89%. Furthermore, Under Armour Inc (UA)’s beta value is 1.62, and its average true range (ATR) is 0.23.
A comparison of Under Armour Inc (UA) with its peers suggests the former has fared considerably weaker in the market. UA showed an intraday change of -1.21% in last session, and over the past year, it shrunk by -21.74%%.
Data on historical trading for Under Armour Inc (NYSE:UA) indicates that the trading volumes over the past 10 days have averaged 2.8 million and over the past 3 months, they’ve averaged 3.42 million. According to company’s latest data on outstanding shares, there are 221.35 million shares outstanding.
Nearly 66.50% of Under Armour Inc’s shares belong to company insiders and institutional investors own 26.70% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.6 million shares as on Mar 15, 2024, resulting in a short ratio of 3.02. According to the data, the short interest in Under Armour Inc (UA) stood at 2.42% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 10.5 million. The stock has fallen by -21.56% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the UA stock heading into the next quarter.
