Currently, Academy Sports and Outdoors Inc [ASO] is trading at $55.38, up 5.21%. 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 1.13% 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 August 13, 2024, when TD Cowen downgraded its rating to a Hold and also revised its price target to $54 from $58. Previously, JP Morgan downgraded its rating to Neutral on August 05, 2024, and dropped its price target to $53. On June 12, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $58 on the stock. BofA Securities downgraded its rating to a Neutral and decreased its price target to $63 on June 11, 2024. Jefferies initiated its recommendation with a Buy and recommended $85 as its price target on April 12, 2024. Telsey Advisory Group reiterated a Outperform rating for this stock on March 22, 2024, and downed its price target to $75. In a note dated March 15, 2024, Telsey Advisory Group reiterated an Outperform rating on this stock and boosted its target price from $70 to $83.
This stock has fluctuated between a low of $42.83 and a high of $75.73 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $63.47 within the next 12 months. Academy Sports and Outdoors Inc [NASDAQ: ASO] shares were valued at $55.38 at the most recent close of the market. An investor can expect a potential return of 14.61% based on the average ASO price forecast.
Analyzing the ASO fundamentals
Trailing Twelve Months sales for Academy Sports and Outdoors Inc [NASDAQ:ASO] were 6.14B which represents -2.15% decline. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.1%, 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 0.26 and Total Capital is 0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.87.
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 51.96 points at the first support level, and at 48.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 57.62, and for the 2nd resistance point, it is at 59.85.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Academy Sports and Outdoors Inc [NASDAQ:ASO] is 1.66. Also, the Quick Ratio is 0.41, while the Cash Ratio stands at 0.3. Considering the valuation of this stock, the price to sales ratio is 0.65, the price to book ratio is 2.01 and price to earnings (TTM) ratio is 8.46.
Transactions by insiders
Recent insider trading involved Tweedy Jeffrey C., Director, that happened on Jul 16 ’24 when 625.0 shares were sold. Director, Tweedy Jeffrey C. completed a deal on Apr 23 ’24 to sell 1200.0 shares. Meanwhile, Director Tweedy Jeffrey C. sold 1065.0 shares on Jan 02 ’24.
