Academy Sports and Outdoors Inc. (NASDAQ:ASO) went up by 4.50% from its latest closing price compared to the recent 1-year high of $42.75. The company’s stock price has collected -4.33% of loss in the last five trading sessions. Press Release reported on 07/19/21 that Reitmans (Canada) Limited Announces Changes to its Board of Directors
Is It Worth Investing in Academy Sports and Outdoors Inc. (NASDAQ :ASO) Right Now?
Academy Sports and Outdoors Inc. (NASDAQ:ASO) scored a price-to-earnings ratio above its average ratio, recording 6.76 x from its present earnings ratio. Opinions of the stock are interesting as 9 analysts out of 9 who provided ratings for Academy Sports and Outdoors Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $45.89, which is $9.1 above the current price. ASO currently public float of 90.88M and currently shorts hold a 14.59% ratio of that float. Today, the average trading volume of ASO was 2.54M shares.
ASO’s Market Performance
ASO stocks went down by -4.33% for the week, with a monthly drop of -3.98% and a quarterly performance of 17.52%. The volatility ratio for the week stands at 6.17% while the volatility levels for the past 30 days are set at 4.33% for Academy Sports and Outdoors Inc.. The simple moving average for the period of the last 20 days is -7.50% for ASO stocks with a simple moving average of 42.45% for the last 200 days.
Analysts’ Opinion of ASO
Many brokerage firms have already submitted their reports for ASO stocks, with Credit Suisse repeating the rating for ASO by listing it as a “Outperform.” The predicted price for ASO in the upcoming period, according to Credit Suisse is $39 based on the research report published on May 19th of the current year 2021.
Loop Capital, on the other hand, stated in their research note that they expect to see ASO reach a price target of $30. The rating they have provided for ASO stocks is “Buy” according to the report published on January 28th, 2021.
UBS gave a rating of “Buy” to ASO, setting the target price at $18 in the report published on October 27th of the previous year.
ASO Trading at -2.65% from the 50-Day Moving Average
After a stumble in the market that brought ASO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.68% of loss for the given period.
Volatility was left at 4.33%, however, over the last 30 days, the volatility rate increased by 6.17%, as shares sank -7.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.14% upper at present.
During the last 5 trading sessions, ASO fell by -4.33%, in comparison to the 20-day moving average, which settled at $39.74. In addition, Academy Sports and Outdoors Inc. saw 78.00% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at ASO starting from KKR Group Partnership L.P., who sale 10,100,000 shares at the price of $38.30 back on Jul 12. After this action, KKR Group Partnership L.P. now owns 3,361,282 shares of Academy Sports and Outdoors Inc., valued at $386,830,000 using the latest closing price.
KKR 2006 Allstar Blocker L.P., the 10% Owner of Academy Sports and Outdoors Inc., sale 10,100,000 shares at $38.30 during a trade that took place back on Jul 12, which means that KKR 2006 Allstar Blocker L.P. is holding 3,361,282 shares at $386,830,000 based on the most recent closing price.
Stock Fundamentals for ASO
Equity return is now at value 43.50, with 10.50 for asset returns.