At the time of writing, Under Armour Inc [UA] stock is trading at $8.20, up 0.86%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The UA shares have gain 4.86% over the last week, with a monthly amount glided 11.26%, and seem to be holding up well over a long-time horizon.
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On 8, February 2024, UNDER ARMOUR REPORTS THIRD QUARTER FISCAL 2024 RESULTS; TIGHTENS FISCAL 2024 OUTLOOK. In a post published today on Yahoo Finance, Under Armour, Inc. (NYSE: UA, UAA) announced unaudited financial results for its third quarter fiscal 2024, which ended December 31, 2023. The company reports its financial performance following accounting principles generally accepted in the United States of America (“GAAP”). This press release refers to “currency neutral” and “adjusted” amounts, which are non-GAAP financial measures described below under the “Non-GAAP Financial Information” paragraph.
From an analyst’s perspective:
Under Armour Inc [NYSE: UA] stock has seen the most recent analyst activity on February 27, 2017, when Instinet downgraded its rating to a Reduce. Previously, Morgan Stanley upgraded its rating to Equal-Weight on February 14, 2017. On November 28, 2016, Stifel reiterated its Hold rating and revised its price target to $28 on the stock. Telsey Advisory Group downgraded its rating to a Market Perform and decreased its price target to $35 on October 26, 2016. Mizuho downgraded its rating to a Neutral and reduced its price target to $32 on October 26, 2016. Deutsche Bank downgraded its rating to Hold for this stock on October 26, 2016, and downed its price target to $32. In a note dated October 14, 2016, Piper Jaffray upgraded an Overweight rating on this stock.
For the past year, the stock price of Under Armour Inc fluctuated between $5.86 and $8.99. Currently, Wall Street analysts expect the stock to reach $12 within the next 12 months. Under Armour Inc [NYSE: UA] shares were valued at $8.20 at the most recent close of the market. An investor can expect a potential return of 46.34% based on the average UA price forecast.
Analyzing the UA fundamentals
According to Under Armour Inc [NYSE:UA], the company’s sales were 5.75B for trailing twelve months, which represents an -5.34% plunge. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 8.08 points at the first support level, and at 7.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.28, and for the 2nd resistance point, it is at 8.36.
Under Armour Inc [UA] reported earnings per share of $0.19 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.1/share, meaning a difference of $0.09 and a surprise factor of 90.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.24 per share as compared to estimates of $0.21 per share, a difference of $0.03 representing a surprise of 14.30%.
Ratios To Look Out For
It is important to note that Under Armour Inc [NYSE:UA] has a current ratio of 2.13. As well, the Quick Ratio is 1.38, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 0.62, the price to book ratio is 1.64 and price to earnings (TTM) ratio is 9.21.
Transactions by insiders
Recent insider trading involved Plank Kevin A, Exec. Chair & Brand Chief, that happened on May 31 when 16.0 million shares were sold.
