Academy Sports and Outdoors Inc (ASO) Shares Plummet Below 1-Year High

The stock of Academy Sports and Outdoors Inc (NASDAQ: ASO) has decreased by -5.23 when compared to last closing price of 66.77. Despite this, the company has experienced a -2.12% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-27 that Academy Sports (ASO) is poised to expand its presence with 15-17 New Stores in fiscal 2024.

Is It Worth Investing in Academy Sports and Outdoors Inc (NASDAQ: ASO) Right Now?

Academy Sports and Outdoors Inc (NASDAQ: ASO) has a higher price-to-earnings ratio of 9.41x compared to its average ratio. ASO has 36-month beta value of 1.36. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for ASO is 73.17M, and currently, short sellers hold a 10.51% ratio of that float. The average trading volume of ASO on April 03, 2024 was 1.34M shares.

ASO’s Market Performance

The stock of Academy Sports and Outdoors Inc (ASO) has seen a -2.12% decrease in the past week, with a -15.81% drop in the past month, and a -4.12% fall in the past quarter. The volatility ratio for the week is 2.99%, and the volatility levels for the past 30 days are at 3.42% for ASO. The simple moving average for the past 20 days is -8.59% for ASO’s stock, with a 11.43% simple moving average for the past 200 days.

Analysts’ Opinion of ASO

Many brokerage firms have already submitted their reports for ASO stocks, with Telsey Advisory Group repeating the rating for ASO by listing it as a “Outperform.” The predicted price for ASO in the upcoming period, according to Telsey Advisory Group is $75 based on the research report published on March 22, 2024 of the current year 2024.

Telsey Advisory Group, on the other hand, stated in their research note that they expect to see ASO reach a price target of $83, previously predicting the price at $70. The rating they have provided for ASO stocks is “Outperform” according to the report published on March 15th, 2024.

Truist gave a rating of “Buy” to ASO, setting the target price at $57 in the report published on November 17th of the previous year.

ASO Trading at -7.25% 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 -16.44% of loss for the given period.

Volatility was left at 3.42%, however, over the last 30 days, the volatility rate increased by 2.99%, as shares sank -15.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.57% upper at present.

During the last 5 trading sessions, ASO fell by -2.12%, which changed the moving average for the period of 200-days by +26.41% in comparison to the 20-day moving average, which settled at $68.65. In addition, Academy Sports and Outdoors Inc saw -4.12% 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 ASO starting from Tweedy Jeffrey C., who sale 1,065 shares at the price of $64.81 back on Jan 02 ’24. After this action, Tweedy Jeffrey C. now owns 9,070 shares of Academy Sports and Outdoors Inc, valued at $69,023 using the latest closing price.

Tweedy Jeffrey C., the Director of Academy Sports and Outdoors Inc, sale 1,065 shares at $50.00 during a trade that took place back on Nov 15 ’23, which means that Tweedy Jeffrey C. is holding 10,135 shares at $53,250 based on the most recent closing price.

Stock Fundamentals for ASO

Current profitability levels for the company are sitting at:

  • 0.11 for the present operating margin
  • 0.34 for the gross margin

The net margin for Academy Sports and Outdoors Inc stands at 0.08. The total capital return value is set at 0.18. Equity return is now at value 28.98, with 11.13 for asset returns.

Based on Academy Sports and Outdoors Inc (ASO), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at 0.89. The debt to equity ratio resting at 0.31. The interest coverage ratio of the stock is 14.72.

Currently, EBITDA for the company is 788.33 million with net debt to EBITDA at 1.75. When we switch over and look at the enterprise to sales, we see a ratio of 0.98. The receivables turnover for the company is 317.96for trailing twelve months and the total asset turnover is 1.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.87.

Conclusion

To put it simply, Academy Sports and Outdoors Inc (ASO) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.

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