Under Armour Inc (NYSE: UAA) has experienced a rise in its stock price by 0.76 compared to its previous closing price of 7.93. However, the company has seen a gain of 4.44% in its stock price over the last five trading days. accesswire.com reported 2024-09-21 that NEW YORK, NY / ACCESSWIRE / September 21, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Under Armour, Inc. (“Under Armour, Inc.”) (NYSE:UA) concerning possible violations of federal securities laws. Under Armour issued a press release on September 9, 2024, “announc[ing] an update to its Fiscal 2025 restructuring plan, including additional initiatives to optimize the company’s strategic supply chain capabilities and overall business performance.
Is It Worth Investing in Under Armour Inc (NYSE: UAA) Right Now?
Company’s 36-month beta value is 1.65.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 19 as “hold,” and 6 as “sell.”
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The public float for UAA is 188.42M, and currently, short sellers hold a 13.46% ratio of that floaft. The average trading volume of UAA on September 23, 2024 was 13.49M shares.
UAA’s Market Performance
UAA’s stock has seen a 4.44% increase for the week, with a -4.88% drop in the past month and a 14.31% gain in the past quarter. The volatility ratio for the week is 3.76%, and the volatility levels for the past 30 days are at 4.40% for Under Armour Inc The simple moving average for the past 20 days is 2.23% for UAA’s stock, with a 6.65% simple moving average for the past 200 days.
Analysts’ Opinion of UAA
Many brokerage firms have already submitted their reports for UAA stocks, with Telsey Advisory Group repeating the rating for UAA by listing it as a “Market Perform.” The predicted price for UAA in the upcoming period, according to Telsey Advisory Group is $8 based on the research report published on August 09, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see UAA reach a price target of $4, previously predicting the price at $8. The rating they have provided for UAA stocks is “Underweight” according to the report published on July 23rd, 2024.
UAA Trading at 7.62% from the 50-Day Moving Average
After a stumble in the market that brought UAA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.89% of loss for the given period.
Volatility was left at 4.40%, however, over the last 30 days, the volatility rate increased by 3.76%, as shares sank -3.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.31% upper at present.
During the last 5 trading sessions, UAA rose by +4.44%, which changed the moving average for the period of 200-days by -6.55% in comparison to the 20-day moving average, which settled at $7.80. In addition, Under Armour Inc saw -9.10% 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 UAA starting from Dausch James A, who proposed sale 20,453 shares at the price of $7.80 back on Sep 04 ’24. After this action, Dausch James A now owns shares of Under Armour Inc, valued at $159,607 using the latest closing price.
Rocker Tchernavia, the Former Affiliate of Under Armour Inc, proposed sale 110,357 shares at $7.67 during a trade that took place back on Aug 14 ’24, which means that Rocker Tchernavia is holding shares at $846,616 based on the most recent closing price.
Stock Fundamentals for UAA
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.46 for the gross margin
The net margin for Under Armour Inc stands at 0.07. The total capital return value is set at 0.06. Equity return is now at value -3.93, with -1.54 for asset returns.
Based on Under Armour Inc (UAA), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at -0.01. The debt to equity ratio resting at 0.7. The interest coverage ratio of the stock is -580.31.
Currently, EBITDA for the company is 421.43 million with net debt to EBITDA at 2.65. When we switch over and look at the enterprise to sales, we see a ratio of 0.98. The receivables turnover for the company is 5.32for trailing twelve months and the total asset turnover is 0.9. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.73.
Conclusion
In a nutshell, Under Armour Inc (UAA) has experienced a mixed performance in recent times. The stock has received mixed “sell” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
