Currently, Academy Sports and Outdoors Inc [ASO] is trading at $50.56, up 2.66%. An important factor to consider is whether the stock is rising or falling in short-term value. The ASO shares have gain 8.40% over the last week, with a monthly amount drifted -0.59%, 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 November 19, 2024, when Truist downgraded its rating to a Hold and also revised its price target to $50 from $63. Previously, Evercore ISI downgraded its rating to In-line on October 03, 2024, and dropped its price target to $60. On August 13, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $54 on the stock. JP Morgan downgraded its rating to a Neutral and decreased its price target to $53 on August 05, 2024. UBS downgraded its rating to a Neutral and reduced its price target to $58 on June 12, 2024. BofA Securities downgraded its rating to Neutral for this stock on June 11, 2024, and downed its price target to $63. In a note dated April 12, 2024, Jefferies initiated an Buy rating and provided a target price of $85 on this stock.
This stock has fluctuated between a low of $44.73 and a high of $75.73 over the last 52 weeks. 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 $50.56 at the most recent close of the market. An investor can expect a potential return of 26.05% based on the average ASO price forecast.
Analyzing the ASO fundamentals
Trailing Twelve Months sales for Academy Sports and Outdoors Inc [NASDAQ:ASO] were 6.11B 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 of0.31.
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 48.94 points at the first support level, and at 47.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 51.60, and for the 2nd resistance point, it is at 52.65.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Academy Sports and Outdoors Inc [NASDAQ:ASO] is 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 0.59, the price to book ratio is 1.84 and price to earnings (TTM) ratio is 7.80.
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.
