The volatility ratio for the week is 5.62%, and the volatility levels for the last 30 days are 4.78% for Amer Sports Inc. The simple moving average for the past 20 days is -11.97% for AS’s stock, with a -11.96% simple moving average for the past 200 days.
Is It Worth Investing in Amer Sports Inc. (NYSE: AS) Right Now?
Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for AS is 95.08M, and currently, shorts hold a 3.84% of that float. The average trading volume for AS on April 16, 2024 was 2.07M shares.
AS) stock’s latest price update
Amer Sports Inc. (NYSE: AS)’s stock price has plunge by -3.88relation to previous closing price of 14.19. Nevertheless, the company has seen a -6.06% plunge in its stock price over the last five trading sessions. Market Watch reported 2024-04-02 that UL Solutions Inc., a testing, inspection and certification company, launched its initial public offering on Tuesday with plans to issue 28 million shares priced at $26 to $29 each.
Analysts’ Opinion of AS
Wells Fargo, on the other hand, stated in their research note that they expect to see AS reach a price target of $19. The rating they have provided for AS stocks is “Overweight” according to the report published on February 26th, 2024.
UBS gave a rating of “Buy” to AS, setting the target price at $23 in the report published on February 26th of the current year.
AS Trading at -11.96% from the 50-Day Moving Average
After a stumble in the market that brought AS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -25.18% of loss for the given period.
Volatility was left at 4.78%, however, over the last 30 days, the volatility rate increased by 5.62%, as shares sank -9.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.79% upper at present.
During the last 5 trading sessions, AS fell by -6.06%, in comparison to the 20-day moving average, which settled at $15.42. In addition, Amer Sports Inc. saw 1.79% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for AS
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.49.
Conclusion
In conclusion, Amer Sports Inc. (AS) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
