At the time of writing, Academy Sports and Outdoors Inc [ASO] stock is trading at $57.02, up 7.46%. 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 gain 9.97% over the last week, with a monthly amount glided 11.00%, and 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 June 12, 2024, when UBS downgraded its rating to a Neutral and also revised its price target to $58 from $81. Previously, BofA Securities downgraded its rating to Neutral on June 11, 2024, and dropped its price target to $63. On April 12, 2024, Jefferies initiated with a Buy rating and assigned a price target of $85 on the stock. Telsey Advisory Group reiterated its Outperform rating and decreased its price target to $75 on March 22, 2024. Telsey Advisory Group reiterated its recommendation of a Outperform and raised its price target to $83 on March 15, 2024. Truist started tracking with a Buy rating for this stock on November 17, 2023, and assigned it a price target of $57. In a note dated August 28, 2023, Gordon Haskett downgraded an Hold rating on this stock and revised its target price from $56 to $52.
For the past year, the stock price of Academy Sports and Outdoors Inc fluctuated between $42.83 and $75.73. Currently, Wall Street analysts expect the stock to reach $64.21 within the next 12 months. Academy Sports and Outdoors Inc [NASDAQ: ASO] shares were valued at $57.02 at the most recent close of the market. An investor can expect a potential return of 12.61% based on the average ASO price forecast.
Analyzing the ASO fundamentals
According to Academy Sports and Outdoors Inc [NASDAQ:ASO], the company’s sales were 6.14B for trailing twelve months, which represents an -1.40% plunge. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.27 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.32.
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 54.45 points at the first support level, and at 51.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 58.47, and for the 2nd resistance point, it is at 59.91.
Ratios To Look Out For
It is important to note that Academy Sports and Outdoors Inc [NASDAQ:ASO] has a current ratio of 1.62. Also, the Quick Ratio is 0.41, while the Cash Ratio stands at 0.34. Considering the valuation of this stock, the price to sales ratio is 0.67, the price to book ratio is 2.17 and price to earnings (TTM) ratio is 8.71.
Transactions by insiders
Recent insider trading involved Tweedy Jeffrey C., Director, that happened on Apr 23 ’24 when 1200.0 shares were sold. Director, Tweedy Jeffrey C. completed a deal on Jan 02 ’24 to sell 1065.0 shares. Meanwhile, Director Tweedy Jeffrey C. sold 1065.0 shares on Nov 15 ’23.
