At the time of writing, Academy Sports and Outdoors Inc [ASO] stock is trading at $55.38, down -0.66%. An important factor to consider is whether the stock is rising or falling in short-term value. The ASO shares have gain 4.25% over the last week, with a monthly amount drifted -11.75%, and not 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 October 03, 2024, when Evercore ISI downgraded its rating to a In-line and also revised its price target to $60 from $65. Previously, TD Cowen downgraded its rating to Hold on August 13, 2024, and dropped its price target to $54. On August 05, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $53 on the stock. UBS downgraded its rating to a Neutral and decreased its price target to $58 on June 12, 2024. BofA Securities downgraded its rating to a Neutral and reduced its price target to $63 on June 11, 2024. Jefferies started tracking with a Buy rating for this stock on April 12, 2024, and assigned it a price target of $85. In a note dated March 22, 2024, Telsey Advisory Group reiterated an Outperform rating on this stock and revised its target price from $83 to $75.
For the past year, the stock price of Academy Sports and Outdoors Inc fluctuated between $43.07 and $75.73. Currently, Wall Street analysts expect the stock to reach $63.73 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 15.08% 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 6.11B for trailing twelve months, which represents an -2.15% plunge. 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 54.94 points at the first support level, and at 54.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.86, and for the 2nd resistance point, it is at 56.33.
Ratios To Look Out For
It is important to note that Academy Sports and Outdoors Inc [NASDAQ:ASO] has a current ratio of 1.66. On the other hand, the Quick Ratio is 0.41, and the Cash Ratio is 0.3. Considering the valuation of this stock, the price to sales ratio is 0.64, the price to book ratio is 2.01 and price to earnings (TTM) ratio is 8.55.
Transactions by insiders
Recent insider trading involved Tweedy Jeffrey C., Director, that happened on Sep 18 ’24 when 1200.0 shares were sold. Director, Tweedy Jeffrey C. completed a deal on Sep 18 ’24 to buy 1200.0 shares. Meanwhile, Director Tweedy Jeffrey C. sold 625.0 shares on Jul 16 ’24.
