At the time of writing, Amer Sports Inc. [AS] stock is trading at $16.38, up 3.15%. An important factor to consider is whether the stock is rising or falling in short-term value. The AS shares have gain 8.19% over the last week, with a monthly amount glided 17.76%, 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.
For the past year, the stock price of Amer Sports Inc. fluctuated between $10.11 and $18.23. 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 $16.38 at the most recent close of the market. An investor can expect a potential return of 17.03% based on the average AS price forecast.
Analyzing the AS fundamentals
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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.54.
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 15.92 points at the first support level, and at 15.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.69, and for the 2nd resistance point, it is at 17.00.
Ratios To Look Out For
It is important to note that Amer Sports Inc. [NYSE:AS] has a current ratio of 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 1.78, the price to book ratio is 2.07.
