Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for AS is 95.08M and currently, short sellers hold a 5.23% of that float. On May 09, 2024, AS’s average trading volume was 1.55M shares.
AS) stock’s latest price update
The stock of Amer Sports Inc. (NYSE: AS) has decreased by -5.44 when compared to last closing price of 14.70. Despite this, the company has experienced a 0.22% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-24 that An April article from the financial publication MoneyWeek has me pondering Michael Rubin stocks. The 51-year-old billionaire is a major player in the sports industry through his $31 billion company, Fanatics.
AS’s Market Performance
Amer Sports Inc. (AS) has experienced a 0.22% rise in stock performance for the past week, with a -6.96% drop in the past month, and a -7.64% drop in the past quarter. The volatility ratio for the week is 3.68%, and the volatility levels for the past 30 days are at 4.15% for AS. The simple moving average for the last 20 days is -2.61% for AS stock, with a simple moving average of -8.34% for the last 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 -8.64% 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 -23.75% of loss for the given period.
Volatility was left at 4.15%, however, over the last 30 days, the volatility rate increased by 3.68%, as shares sank -6.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.07% lower at present.
During the last 5 trading sessions, AS rose by +0.22%, in comparison to the 20-day moving average, which settled at $14.23. In addition, Amer Sports Inc. saw 3.73% 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
To wrap up, the performance of Amer Sports Inc. (AS) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
