The stock of Amer Sports Inc (NYSE: AS) has decreased by -3.14 when compared to last closing price of 26.13.Despite this, the company has seen a loss of -0.78% in its stock price over the last five trading days. businesswire.com reported 2024-12-02 that HELSINKI, Finland–(BUSINESS WIRE)–Amer Sports, Inc. (NYSE: AS) (“Amer Sports”), a global group of iconic sports and outdoor brands, announced today the launch of a public offering of 34,000,000 ordinary shares. In connection with the offering, Amer Sports has granted the underwriters a 30-day option to purchase up to an additional 5,100,000 ordinary shares. Amer Sports intends to use the net proceeds it receives from the proposed offering to repay a portion of our outstanding borrowings under.
Is It Worth Investing in Amer Sports Inc (NYSE: AS) Right Now?
Analysts have differing opinions on the stock, with 12 analysts rating it as a “buy,” 4 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for AS is 65.81M, and currently, short sellers hold a 9.77% ratio of that floaft. The average trading volume of AS on December 03, 2024 was 2.18M shares.
AS’s Market Performance
The stock of Amer Sports Inc (AS) has seen a -0.78% decrease in the past week, with a 42.03% rise in the past month, and a 83.27% gain in the past quarter. The volatility ratio for the week is 3.60%, and the volatility levels for the past 30 days are at 5.15% for AS. The simple moving average for the last 20 days is 15.32% for AS’s stock, with a simple moving average of 64.41% for the last 200 days.
Analysts’ Opinion of AS
Many brokerage firms have already submitted their reports for AS stocks, with Wells Fargo repeating the rating for AS by listing it as a “Equal Weight.” The predicted price for AS in the upcoming period, according to Wells Fargo is $19 based on the research report published on October 14, 2024 of the current year 2024.
Wells Fargo gave a rating of “Overweight” to AS, setting the target price at $19 in the report published on February 26th of the current year.
AS Trading at 30.39% 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 -5.74% of loss for the given period.
Volatility was left at 5.15%, however, over the last 30 days, the volatility rate increased by 3.60%, as shares surge +36.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +70.70% upper at present.
During the last 5 trading sessions, AS fell by -0.10%, which changed the moving average for the period of 200-days by +59.58% in comparison to the 20-day moving average, which settled at $21.96. In addition, Amer Sports Inc saw 88.88% 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:
- 0.07 for the present operating margin
- 0.54 for the gross margin
The net margin for Amer Sports Inc stands at -0.01. The total capital return value is set at 0.04. Equity return is now at value -1.74, with -0.42 for asset returns.
Based on Amer Sports Inc (AS), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 0.55. The interest coverage ratio of the stock is 1.14.
Currently, EBITDA for the company is 521.1 million with net debt to EBITDA at 5.07. When we switch over and look at the enterprise to sales, we see a ratio of 3.29. The receivables turnover for the company is 5.19for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.62.
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.
