The stock price of Academy Sports and Outdoors Inc (NASDAQ: ASO) has surged by 2.65 when compared to previous closing price of 47.99, but the company has seen a 4.19% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2023-10-31 that Investors looking for stocks in the Leisure and Recreation Products sector might want to consider either Academy Sports and Outdoors, Inc. (ASO) or Pool Corp. (POOL). But which of these two companies is the best option for those looking for undervalued stocks?
Is It Worth Investing in Academy Sports and Outdoors Inc (NASDAQ: ASO) Right Now?
The price-to-earnings ratio for Academy Sports and Outdoors Inc (NASDAQ: ASO) is above average at 7.26x. The 36-month beta value for ASO is also noteworthy at 1.26. There are mixed opinions on the stock, with 14 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The average price estimated by analysts for ASO is $67.59, which is $18.33 above than the current price. The public float for ASO is 73.32M, and at present, short sellers hold a 10.75% of that float. The average trading volume of ASO on November 16, 2023 was 1.67M shares.
ASO’s Market Performance
ASO stock saw an increase of 4.19% in the past week, with a monthly gain of 4.54% and a quarterly increase of -11.99%. The volatility ratio for the week is 4.49%, and the volatility levels for the last 30 days are 3.43% for Academy Sports and Outdoors Inc (ASO). The simple moving average for the last 20 days is 7.35% for ASO stock, with a simple moving average of -10.51% for the last 200 days.
Analysts’ Opinion of ASO
Many brokerage firms have already submitted their reports for ASO stocks, with Gordon Haskett repeating the rating for ASO by listing it as a “Hold.” The predicted price for ASO in the upcoming period, according to Gordon Haskett is $52 based on the research report published on August 28, 2023 of the current year 2023.
ASO Trading at 5.64% 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 -28.63% of loss for the given period.
Volatility was left at 3.43%, however, over the last 30 days, the volatility rate increased by 4.49%, as shares surge +4.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.16% lower at present.
During the last 5 trading sessions, ASO rose by +4.19%, which changed the moving average for the period of 200-days by -15.68% in comparison to the 20-day moving average, which settled at $45.99. In addition, Academy Sports and Outdoors Inc saw -6.24% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at ASO starting from Tweedy Jeffrey C., who sale 700 shares at the price of $46.66 back on Sep 28. After this action, Tweedy Jeffrey C. now owns 11,200 shares of Academy Sports and Outdoors Inc, valued at $32,662 using the latest closing price.
Johnson Samuel J, the EVP, Retail Operations of Academy Sports and Outdoors Inc, sale 40,531 shares at $50.03 during a trade that took place back on Sep 12, which means that Johnson Samuel J is holding 70,303 shares at $2,027,766 based on the most recent closing price.
Stock Fundamentals for ASO
Current profitability levels for the company are sitting at:
- +13.23 for the present operating margin
- +32.93 for the gross margin
The net margin for Academy Sports and Outdoors Inc stands at +9.82. The total capital return value is set at 25.21, while invested capital returns managed to touch 19.28. Equity return is now at value 33.16, with 11.59 for asset returns.
Based on Academy Sports and Outdoors Inc (ASO), the company’s capital structure generated 108.62 points at debt to equity in total, while total debt to capital is 52.07. Total debt to assets is 38.27, with long-term debt to equity ratio resting at 101.74. Finally, the long-term debt to capital ratio is 48.77.
When we switch over and look at the enterprise to sales, we see a ratio of 0.81, with the company’s debt to enterprise value settled at 0.29. The receivables turnover for the company is 353.11 and the total asset turnover is 1.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.62.
In summary, Academy Sports and Outdoors Inc (ASO) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.