Amer Sports Inc. [AS] stock prices are up 2.10% to $14.12 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The AS shares have gain 23.21% over the last week, with a monthly amount glided 30.02%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Amer Sports Inc. [NYSE: AS] stock has seen the most recent analyst activity on April 08, 2024, when Bernstein downgraded its rating to a Mkt Perform. Previously, Wells Fargo started tracking the stock with Overweight rating on February 26, 2024, and set its price target to $19. On February 26, 2024, UBS initiated with a Buy rating and assigned a price target of $23 on the stock. TD Cowen started tracking the stock assigning a Outperform rating and suggested a price target of $18 on February 26, 2024. Robert W. Baird initiated its recommendation with a Outperform and recommended $20 as its price target on February 26, 2024. Morgan Stanley started tracking with a Equal-Weight rating for this stock on February 26, 2024, and assigned it a price target of $16. In a note dated February 26, 2024, JP Morgan initiated an Overweight rating and provided a target price of $19 on this stock.
The stock price of Amer Sports Inc. [AS] has been fluctuating between $10.11 and $18.23 over the past year. Currently, Wall Street analysts expect the stock to reach $19.17 within the next 12 months. Amer Sports Inc. [NYSE: AS] shares were valued at $14.12 at the most recent close of the market. An investor can expect a potential return of 35.76% based on the average AS price forecast.
Analyzing the AS fundamentals
The Amer Sports Inc. [NYSE:AS] reported sales of 4.29B for trailing twelve months, representing a drop of -21.44%. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.07 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.54.
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 13.68 points at the first support level, and at 13.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.48, and for the 2nd resistance point, it is at 14.84.
Ratios To Look Out For
It’s worth pointing out that Amer Sports Inc. [NYSE:AS]’s Current Ratio is 1.87. On the other hand, the Quick Ratio is 0.81, and the Cash Ratio is 0.22. Considering the valuation of this stock, the price to sales ratio is 1.66, the price to book ratio is 1.91.
