Under Armour Inc (UAA) stock expected to rise by 49.18%: What’s driving the optimism?

A share price of Under Armour Inc [UAA] is currently trading at $9.70, up 0.10%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The UAA shares have gain 6.36% over the last week, with a monthly amount glided 11.24%, and seem to be holding up well over a long-time horizon.

From an analyst’s perspective:

Previously, Telsey Advisory Group reaffirmed its Market Perform rating on November 08, 2024, and elevated its price target to $10. On August 09, 2024, Telsey Advisory Group reiterated its Market Perform rating and revised its price target to $8 on the stock. Morgan Stanley downgraded its rating to a Underweight and decreased its price target to $4 on July 23, 2024. Oppenheimer downgraded its rating to a Perform. Telsey Advisory Group reiterated a Market Perform rating for this stock on May 17, 2024, and downed its price target to $7. In a note dated May 16, 2024, William Blair downgraded an Mkt Perform rating on this stock.

Under Armour Inc experienced fluctuations in its stock price throughout the past year between $6.17 and $11.89. Currently, Wall Street analysts expect the stock to reach $14.47 within the next 12 months. Under Armour Inc [NYSE: UAA] shares were valued at $9.70 at the most recent close of the market. An investor can expect a potential return of 49.18% based on the average UAA price forecast.

Analyzing the UAA fundamentals

Trailing Twelve Months sales for Under Armour Inc [NYSE:UAA] were 5.40B which represents -10.44% decline. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at -0.0%, and Net Profit Margin reading is -0.0%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.01 and Total Capital is -0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.3.

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 9.56 points at the first support level, and at 9.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.89, and for the 2nd resistance point, it is at 10.07.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Under Armour Inc [NYSE:UAA] is 2.18. Also, the Quick Ratio is 1.24, while the Cash Ratio stands at 0.45. Considering the valuation of this stock, the price to sales ratio is 0.74, the price to book ratio is 2.11.

Transactions by insiders

Recent insider trading involved Shadman Mehri, Chief Legal Officer, that happened on Nov 15 ’24 when 17240.0 shares were sold. Chief Legal Officer, Shadman Mehri completed a deal on Nov 18 ’24 to sell 9639.0 shares. Meanwhile, Officer Shadman Mehri bought 9639.0 shares on Nov 18 ’24.

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