Under Armour Inc [UAA] stock is trading at $8.53, up 1.19%. An important factor to consider is whether the stock is rising or falling in short-term value. The UAA shares have gain 5.70% over the last week, with a monthly amount glided 12.38%, 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: UAA] stock has seen the most recent analyst activity on November 17, 2023, when Truist initiated its Hold rating and assigned the stock a price target of $8. Previously, Evercore ISI started tracking the stock with In-line rating on November 07, 2023, and set its price target to $8. On June 23, 2023, downgrade downgraded it’s rating to Equal Weight and revised its price target to $8 on the stock. Barclays downgraded its rating to a Equal Weight. Redburn initiated its recommendation with a Buy and recommended $13.50 as its price target on March 16, 2023. JP Morgan downgraded its rating to Neutral for this stock on March 13, 2023, and downed its price target to $10. In a note dated January 17, 2023, Exane BNP Paribas upgraded an Outperform rating on this stock.
Under Armour Inc [UAA] stock has fluctuated between $6.29 and $10.25 over the past year. Currently, Wall Street analysts expect the stock to reach $22.04 within the next 12 months. Under Armour Inc [NYSE: UAA] shares were valued at $8.53 at the most recent close of the market. An investor can expect a potential return of 158.38% based on the average UAA price forecast.
Analyzing the UAA fundamentals
Under Armour Inc [NYSE:UAA] reported sales of 5.75B for the trailing twelve months, which represents a drop of -5.34%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-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 8.39 points at the first support level, and at 8.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.62, and for the 2nd resistance point, it is at 8.71.
Under Armour Inc [UAA] 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 $0.11/share, meaning a difference of $0.08 and a surprise factor of 72.70%. 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
For context, Under Armour Inc’s Current Ratio is 2.13. On the other hand, the Quick Ratio is 1.38, and the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 0.65, the price to book ratio is 1.71 and price to earnings (TTM) ratio is 9.58.
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.
