Academy Sports and Outdoors Inc [ASO] stock prices are up 0.78% to $59.47 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ASO shares have gain 12.97% over the last week, with a monthly amount glided 11.60%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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.
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 $64 within the next 12 months. Academy Sports and Outdoors Inc [NASDAQ: ASO] shares were valued at $59.47 at the most recent close of the market. An investor can expect a potential return of 7.62% based on the average ASO price forecast.
Analyzing the ASO fundamentals
The Academy Sports and Outdoors Inc [NASDAQ:ASO] reported sales of 6.11B for trailing twelve months, representing a drop of -2.15%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.87.
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 58.73 points at the first support level, and at 57.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 60.28, and for the 2nd resistance point, it is at 61.09.
Ratios To Look Out For
It’s worth pointing out that Academy Sports and Outdoors Inc [NASDAQ:ASO]’s Current Ratio is 1.66. As well, the Quick Ratio is 0.41, while the Cash Ratio is 0.3. Considering the valuation of this stock, the price to sales ratio is 0.68, the price to book ratio is 2.16 and price to earnings (TTM) ratio is 9.18.
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.
