Under Armour Inc (UA) stock hits $6.31: Is it a good time to buy or wait for a dip?

Under Armour Inc [UA] stock is trading at $6.31, up 0.48%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The UA shares have lost -3.66% over the last week, with a monthly amount drifted -9.21%, and not seem to be holding up well over a long-time horizon.

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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.

Under Armour Inc [UA] stock has fluctuated between $5.86 and $8.99 over the past year. Currently, Wall Street analysts expect the stock to reach $10.67 within the next 12 months. Under Armour Inc [NYSE: UA] shares were valued at $6.31 at the most recent close of the market. An investor can expect a potential return of 69.1% based on the average UA price forecast.

Analyzing the UA fundamentals

Under Armour Inc [NYSE:UA] 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 0.45% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.21 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.7.

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 6.21 points at the first support level, and at 6.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.37, and for the 2nd resistance point, it is at 6.44.

Ratios To Look Out For

For context, Under Armour Inc’s Current Ratio is 2.13. Also, the Quick Ratio is 1.38, while the Cash Ratio stands at 0.51. Considering the valuation of this stock, the price to sales ratio is 0.48, the price to book ratio is 1.26 and price to earnings (TTM) ratio is 7.09.

Transactions by insiders

Recent insider trading involved Plank Kevin A, Exec. Chair & Brand Chief, that happened on May 31 ’23 when 16.0 million shares were sold.

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