The stock of Academy Sports and Outdoors Inc (ASO) has gone down by -1.82% for the week, with a 3.57% rise in the past month and a -7.48% drop in the past quarter. The volatility ratio for the week is 3.17%, and the volatility levels for the past 30 days are 3.44% for ASO. The simple moving average for the past 20 days is -2.58% for ASO’s stock, with a -10.06% simple moving average for the past 200 days.
Is It Worth Investing in Academy Sports and Outdoors Inc (NASDAQ: ASO) Right Now?
Academy Sports and Outdoors Inc (NASDAQ: ASO) has a price-to-earnings ratio that is above its average at 8.01x. The stock has a 36-month beta value of 1.34. Opinions on the stock are mixed, with 8 analysts rating it as a “buy,” 5 as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for ASO is 71.06M, and at present, short sellers hold a 8.55% of that float. On August 01, 2024, the average trading volume of ASO was 1.63M shares.
ASO) stock’s latest price update
Academy Sports and Outdoors Inc (NASDAQ: ASO) has experienced a decline in its stock price by -2.98 compared to its previous closing price of 54.07. However, the company has seen a fall of -1.82% in its stock price over the last five trading days. fool.com reported 2024-07-21 that Academy Sports and Outdoors trades at a significant discount compared to larger peer Dick’s Sporting Goods. Nike has increased its dividend payouts annually for 22 consecutive years.
Analysts’ Opinion of ASO
Many brokerage firms have already submitted their reports for ASO stocks, with UBS repeating the rating for ASO by listing it as a “Neutral.” The predicted price for ASO in the upcoming period, according to UBS is $58 based on the research report published on June 12, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see ASO reach a price target of $63, previously predicting the price at $75. The rating they have provided for ASO stocks is “Neutral” according to the report published on June 11th, 2024.
Jefferies gave a rating of “Buy” to ASO, setting the target price at $85 in the report published on April 12th of the current year.
ASO Trading at -2.75% from the 50-Day Moving Average
After a stumble in the market that brought ASO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -30.73% of loss for the given period.
Volatility was left at 3.44%, however, over the last 30 days, the volatility rate increased by 3.17%, as shares surge +3.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.23% lower at present.
During the last 5 trading sessions, ASO fell by -1.53%, which changed the moving average for the period of 200-days by +21.65% in comparison to the 20-day moving average, which settled at $53.94. In addition, Academy Sports and Outdoors Inc saw -20.52% 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 ASO starting from Tweedy Jeffrey C., who sale 625 shares at the price of $54.25 back on Jul 16 ’24. After this action, Tweedy Jeffrey C. now owns 10,106 shares of Academy Sports and Outdoors Inc, valued at $33,906 using the latest closing price.
Tweedy Jeffrey C., the Director of Academy Sports and Outdoors Inc, sale 1,200 shares at $60.00 during a trade that took place back on Apr 23 ’24, which means that Tweedy Jeffrey C. is holding 7,870 shares at $72,000 based on the most recent closing price.
Stock Fundamentals for ASO
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.33 for the gross margin
The net margin for Academy Sports and Outdoors Inc stands at 0.08. The total capital return value is set at 0.17. Equity return is now at value 27.98, with 10.54 for asset returns.
Based on Academy Sports and Outdoors Inc (ASO), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at 1.12. The debt to equity ratio resting at 0.32. The interest coverage ratio of the stock is 14.76.
Currently, EBITDA for the company is 788.33 million with net debt to EBITDA at 1.78. When we switch over and look at the enterprise to sales, we see a ratio of 0.83. The receivables turnover for the company is 448.17for trailing twelve months and the total asset turnover is 1.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.62.
Conclusion
To sum up, Academy Sports and Outdoors Inc (ASO) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
