Under Armour Inc (NYSE: UAA): Forecast Remains Strong, Dropped -27.74% In 2024

CTK Stock

Under Armour Inc (NYSE:UAA) price is hovering lower on Wednesday, April 17, dropping -0.91% below its previous close.

A look at today’s price movement shows that the recent level at last check reads $6.60. The company’s P/E ratio in the trailing 12-month period read 7.34. Taking into account the 52-week price action we note that the stock hit a 52-week high of $9.50 and 52-week low of $6.29. The stock subtracted -9.54% on its value in the past month.

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. On the technical perspective front, indicators give UAA a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a Hold, while an average of long term indicators are currently assigning the stock as 50% Sell.

If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 0.86. The overview shows that UAA’s price is at present -6.36% off the SMA20 and -15.38% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 26.18, with weekly volatility standing at 2.69%. The indicator jumps to 2.72% when calculated based on the past 30 days. Under Armour Inc (NYSE:UAA)’s beta value is holding at 1.64, while the average true range (ATR) indicator is currently reading 0.22.

An analysis of the Under Armour Inc (NYSE:UAA) stock in terms of its daily trading volume indicates that the 3-month average is 7.27 million.

Current records show that the company has 188.70M in outstanding shares. The insiders’ percentage holdings are 56.72% of outstanding shares while the percentage share held by institutions stands at 34.18%. But the -25.60% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.

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