Under Armour Inc (NYSE: UAA) has seen a decline in its stock price by -1.20 in relation to its previous close of 6.64. However, the company has experienced a -3.81% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-02 that Under Armour’s (UAA) commitment to strategic growth, brand strength, product innovation and global expansion positions it well for success.
Is It Worth Investing in Under Armour Inc (NYSE: UAA) Right Now?
The price-to-earnings ratio for Under Armour Inc (NYSE: UAA) is above average at 7.37x. The 36-month beta value for UAA is also noteworthy at 1.65. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 19 rating it as “hold,” and 6 rating it as “sell.”
The public float for UAA is 188.40M, and at present, short sellers hold a 8.79% of that float. The average trading volume of UAA on April 15, 2024 was 7.41M shares.
UAA’s Market Performance
UAA stock saw a decrease of -3.81% in the past week, with a monthly decline of -19.01% and a quarterly a decrease of -19.80%. The volatility ratio for the week is 2.37%, and the volatility levels for the last 30 days are 2.94% for Under Armour Inc (UAA). The simple moving average for the last 20 days is -7.32% for UAA stock, with a simple moving average of -14.52% for the last 200 days.
Analysts’ Opinion of UAA
Evercore ISI, on the other hand, stated in their research note that they expect to see UAA reach a price target of $7, previously predicting the price at $8. The rating they have provided for UAA stocks is “Underperform” according to the report published on March 14th, 2024.
Truist gave a rating of “Hold” to UAA, setting the target price at $8 in the report published on November 17th of the previous year.
UAA Trading at -15.87% 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 -30.95% of loss for the given period.
Volatility was left at 2.94%, however, over the last 30 days, the volatility rate increased by 2.37%, as shares sank -9.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.91% lower at present.
During the last 5 trading sessions, UAA fell by -3.81%, which changed the moving average for the period of 200-days by -10.01% in comparison to the 20-day moving average, which settled at $7.05. In addition, Under Armour Inc saw -25.37% 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 ’23. After this action, Plank Kevin A now owns 0 shares of Under Armour Inc, valued at $98,080,000 using the latest closing price.
Stock Fundamentals for UAA
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.45 for the gross margin
The net margin for Under Armour Inc stands at 0.07. The total capital return value is set at 0.09. Equity return is now at value 20.12, with 8.16 for asset returns.
Based on Under Armour Inc (UAA), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.04. The debt to equity ratio resting at 0.7. The interest coverage ratio of the stock is 234.1.
Currently, EBITDA for the company is 421.43 million with net debt to EBITDA at 1.87. When we switch over and look at the enterprise to sales, we see a ratio of 0.62. The receivables turnover for the company is 7.28for trailing twelve months and the total asset turnover is 1.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.13.
Conclusion
In summary, Under Armour Inc (UAA) has had a bad performance as of late. Analysts have bearish opinions on the stock, with some viewing it as a “sell” 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.
