There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for AS is 95.08M, and at present, short sellers hold a 3.84% of that float. The average trading volume of AS on April 24, 2024 was 2.07M shares.
AS) stock’s latest price update
Amer Sports Inc. (NYSE: AS) has seen a rise in its stock price by 2.32 in relation to its previous close of 13.82. However, the company has experienced a 4.20% gain 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.
AS’s Market Performance
The volatility ratio for the week is 3.70%, and the volatility levels for the past 30 days are at 4.65% for AS. The simple moving average for the past 20 days is -5.37% for AS’s stock, with a -7.54% simple moving average for the past 200 days.
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 -7.96% 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 -22.44% of loss for the given period.
Volatility was left at 4.65%, however, over the last 30 days, the volatility rate increased by 3.70%, as shares sank -15.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.35% lower at present.
During the last 5 trading sessions, AS rose by +4.20%, in comparison to the 20-day moving average, which settled at $14.82. In addition, Amer Sports Inc. saw 5.52% 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 summary, Amer Sports Inc. (AS) 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.
