In the past week, AS stock has gone up by 9.40%, with a monthly gain of 24.90% and a quarterly surge of 59.73%. The volatility ratio for the week is 3.33%, and the volatility levels for the last 30 days are 3.51% for Amer Sports Inc. The simple moving average for the past 20 days is 15.20% for AS’s stock, with a 26.08% simple moving average for the past 200 days.
Is It Worth Investing in Amer Sports Inc. (NYSE: AS) Right Now?
Analysts have differing opinions on the stock, with 9 analysts rating it as a “buy,” 4 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for AS is 68.22M, and currently, short sellers hold a 10.04% ratio of that floaft. The average trading volume of AS on October 08, 2024 was 1.49M shares.
AS) stock’s latest price update
Amer Sports Inc. (NYSE: AS)’s stock price has soared by 4.75 in relation to previous closing price of 17.17. Nevertheless, the company has seen a gain of 9.40% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-02 that I recommend a buy rating for Amer Sports due to strong demand momentum and potential for positive multiple re-rating if EPS growth meets expectations. Amer Sports’ Q2 2024 results showed robust revenue growth and margin expansion. With a manageable net debt ratio and a strategic inventory buildup, AS is well-positioned to meet demand and support future growth.
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 30.20% 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 -1.34% of loss for the given period.
Volatility was left at 3.51%, however, over the last 30 days, the volatility rate increased by 3.33%, as shares surge +27.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +55.68% upper at present.
During the last 5 trading sessions, AS rose by +6.63%, in comparison to the 20-day moving average, which settled at $15.59. In addition, Amer Sports Inc. saw 34.22% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for AS
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.53 for the gross margin
The net margin for Amer Sports Inc. stands at -0.03. The total capital return value is set at 0.04.
Based on Amer Sports Inc. (AS), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 0.54. The interest coverage ratio of the stock is 0.76.
Currently, EBITDA for the company is 476.36 million with net debt to EBITDA at 4.25. When we switch over and look at the enterprise to sales, we see a ratio of 2.63. The receivables turnover for the company is 9.65for trailing twelve months and the total asset turnover is 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.87.
Conclusion
In a nutshell, Amer Sports Inc. (AS) has experienced a better performance in recent times. The stock has received mixed “buy” 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.
