The stock price of Under Armour Inc (NYSE: UAA) has dropped by -3.43 compared to previous close of 7.88. Despite this, the company has seen a gain of 5.99% in its stock price over the last five trading days. Zacks Investment Research reported 2023-11-08 that Under Armour (UAA) posts better-than-expected earnings results in second-quarter fiscal 2024. DTC revenues inched up 3% year over year.
Is It Worth Investing in Under Armour Inc (NYSE: UAA) Right Now?
Under Armour Inc (NYSE: UAA) has a price-to-earnings ratio of 8.45x that is above its average ratio. Additionally, the 36-month beta value for UAA is 1.71. There are mixed opinions on the stock, with 11 analysts rating it as a “buy,” 0 rating it as “overweight,” 16 rating it as “hold,” and 0 rating it as “sell.”
The average price predicted by analysts for UAA is $9.71, which is $2.1 above the current price. The public float for UAA is 188.31M and currently, short sellers hold a 7.89% ratio of that float. The average trading volume of UAA on November 17, 2023 was 6.69M shares.
UAA’s Market Performance
UAA’s stock has seen a 5.99% increase for the week, with a 4.10% rise in the past month and a -4.04% fall in the past quarter. The volatility ratio for the week is 4.81%, and the volatility levels for the past 30 days are at 4.55% for Under Armour Inc. The simple moving average for the past 20 days is 6.00% for UAA’s stock, with a -6.11% simple moving average for the past 200 days.
Analysts’ Opinion of UAA
Many brokerage firms have already submitted their reports for UAA stocks, with Evercore ISI repeating the rating for UAA by listing it as a “In-line.” The predicted price for UAA in the upcoming period, according to Evercore ISI is $8 based on the research report published on November 07, 2023 of the current year 2023.
UAA Trading at 8.54% from the 50-Day Moving Average
After a stumble in the market that brought UAA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -41.66% of loss for the given period.
Volatility was left at 4.55%, however, over the last 30 days, the volatility rate increased by 4.81%, as shares surge +3.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.82% upper at present.
During the last 5 trading sessions, UAA rose by +5.99%, which changed the moving average for the period of 200-days by -40.45% in comparison to the 20-day moving average, which settled at $7.19. In addition, Under Armour Inc saw -25.10% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at UAA starting from Plank Kevin A, who sale 16,000,000 shares at the price of $6.13 back on May 31. After this action, Plank Kevin A now owns 0 shares of Under Armour Inc, valued at $98,080,000 using the latest closing price.
Rocker Tchernavia, the Chief Administrative Officer of Under Armour Inc, sale 69,823 shares at $9.32 during a trade that took place back on Feb 10, which means that Rocker Tchernavia is holding 260,291 shares at $650,689 based on the most recent closing price.
Stock Fundamentals for UAA
Current profitability levels for the company are sitting at:
- +4.08 for the present operating margin
- +44.39 for the gross margin
The net margin for Under Armour Inc stands at +6.60. The total capital return value is set at 6.73, while invested capital returns managed to touch 11.32. Equity return is now at value 21.01, with 8.62 for asset returns.
Based on Under Armour Inc (UAA), the company’s capital structure generated 76.12 points at debt to equity in total, while total debt to capital is 43.22. Total debt to assets is 31.32, with long-term debt to equity ratio resting at 69.06. Finally, the long-term debt to capital ratio is 39.21.
When we switch over and look at the enterprise to sales, we see a ratio of 0.74, with the company’s debt to enterprise value settled at 0.29. The receivables turnover for the company is 8.82 and the total asset turnover is 1.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.18.
Conclusion
In conclusion, Under Armour Inc (UAA) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
