Under Armour Inc (NYSE: UA)’s stock price has dropped by -0.38 in relation to previous closing price of 6.56. Nevertheless, the company has seen a loss of -0.83% in its stock price over the last five trading days. PRNewsWire reported 2024-05-02 that BALTIMORE, May 2, 2024 /PRNewswire/ — Under Armour, Inc. (NYSE: UA, UAA) plans to release its fourth quarter and full-year fiscal 2024 (ended March 31, 2024) results on May 16, 2024. Following the news release at 6:55 a.m.
Is It Worth Investing in Under Armour Inc (NYSE: UA) Right Now?
Under Armour Inc (NYSE: UA) has a higher price-to-earnings ratio of 7.34x compared to its average ratio, The 36-month beta value for UA is at 1.67. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 4 as “hold,” and 2 as “sell.”
The public float for UA is 145.85M, and currently, shorts hold a 7.08% of that float. The average trading volume for UA on May 06, 2024 was 3.26M shares.
UA’s Market Performance
The stock of Under Armour Inc (UA) has seen a -0.83% decrease in the past week, with a -0.23% drop in the past month, and a -12.28% fall in the past quarter. The volatility ratio for the week is 2.24%, and the volatility levels for the past 30 days are at 2.32% for UA. The simple moving average for the past 20 days is 1.03% for UA’s stock, with a -8.92% simple moving average for the past 200 days.
Analysts’ Opinion of UA
Stifel gave a rating of “Hold” to UA, setting the target price at $28 in the report published on November 28th of the previous year.
UA Trading at -7.89% from the 50-Day Moving Average
After a stumble in the market that brought UA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.31% of loss for the given period.
Volatility was left at 2.32%, however, over the last 30 days, the volatility rate increased by 2.24%, as shares surge +0.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.25% lower at present.
During the last 5 trading sessions, UA fell by -0.38%, which changed the moving average for the period of 200-days by -12.35% in comparison to the 20-day moving average, which settled at $6.47. In addition, Under Armour Inc saw -21.74% 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 UA 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 UA
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 (UA), 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 -145.75.
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 0.63. 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 conclusion, Under Armour Inc (UA) has had a bad 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.
