Academy Sports and Outdoors Inc [ASO] stock prices are down -0.60% to $59.35 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ASO shares have lost -2.88% over the last week, with a monthly amount drifted -16.60%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Academy Sports and Outdoors Inc [NASDAQ: ASO] stock has seen the most recent analyst activity on April 12, 2024, when Jefferies initiated its Buy rating and assigned the stock a price target of $85. Previously, Telsey Advisory Group reaffirmed its Outperform rating on March 22, 2024, and dropped its price target to $75. On March 15, 2024, Telsey Advisory Group reiterated its Outperform rating and revised its price target to $83 on the stock. Truist started tracking the stock assigning a Buy rating and suggested a price target of $57 on November 17, 2023. Gordon Haskett downgraded its rating to a Hold and reduced its price target to $52 on August 28, 2023. Telsey Advisory Group started tracking with a Outperform rating for this stock on August 14, 2023, and assigned it a price target of $72. In a note dated June 29, 2023, B. Riley Securities initiated an Buy rating and provided a target price of $63 on this stock.
The stock price of Academy Sports and Outdoors Inc [ASO] has been fluctuating between $42.83 and $75.73 over the past year. Currently, Wall Street analysts expect the stock to reach $66.82 within the next 12 months. Academy Sports and Outdoors Inc [NASDAQ: ASO] shares were valued at $59.35 at the most recent close of the market. An investor can expect a potential return of 12.59% based on the average ASO price forecast.
Analyzing the ASO fundamentals
The Academy Sports and Outdoors Inc [NASDAQ:ASO] reported sales of 6.16B for trailing twelve months, representing a surge of 2.77%. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.29 and Total Capital is 0.18. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.31.
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 58.71 points at the first support level, and at 58.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 59.87, and for the 2nd resistance point, it is at 60.39.
Ratios To Look Out For
It’s worth pointing out that Academy Sports and Outdoors Inc [NASDAQ:ASO]’s Current Ratio is 1.87. Also, the Quick Ratio is 0.51, while the Cash Ratio stands at 0.4. Considering the valuation of this stock, the price to sales ratio is 0.72, the price to book ratio is 2.26 and price to earnings (TTM) ratio is 8.83.
Transactions by insiders
Recent insider trading involved Tweedy Jeffrey C., Director, that happened on Jan 02 ’24 when 1065.0 shares were sold. Director, Tweedy Jeffrey C. completed a deal on Nov 15 ’23 to sell 1065.0 shares. Meanwhile, Director Tweedy Jeffrey C. sold 700.0 shares on Sep 28 ’23.
