Under Armour Inc [UAA] stock Downgrade by Morgan Stanley analyst, price target now $4

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Under Armour Inc [NYSE: UAA] slipped around -0.13 points on Monday, while shares priced at $6.37 at the close of the session, down -2.00%.

Compared to the average trading volume of 10.62M shares, UAA reached a trading volume of 15305799 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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What do top market gurus say about Under Armour Inc [UAA]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for UAA shares is $7.17 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on UAA stock is a recommendation set at 2.75. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for Under Armour Inc shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on July 23, 2024. The new note on the price target was released on May 23, 2024, representing the official price target for Under Armour Inc stock. Previously, the target price had yet another drop from $8 to $7, while Telsey Advisory Group kept a Market Perform rating on UAA stock.

The Average True Range (ATR) for Under Armour Inc is set at 0.25, with the Price to Sales ratio for UAA stock in the period of the last 12 months amounting to 0.49. The Price to Book ratio for the last quarter was 1.29, with the Price to Cash per share for the same quarter was set at 2.01. Price to Free Cash Flow for UAA in the course of the last twelve months was 13.65 with Quick ratio for the last quarter at 1.63.

How has UAA stock performed recently?

Under Armour Inc [UAA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.95. With this latest performance, UAA shares dropped by -0.47% in over the last four-week period, additionally sinking by -17.81% over the last 6 months – not to mention a drop of -18.54% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for UAA stock in for the last two-week period is set at 38.87, with the RSI for the last a single of trading hit 33.45, and the three-weeks RSI is set at 41.60 for Under Armour Inc [UAA]. The present Moving Average for the last 50 days of trading for this stock 6.80, while it was recorded at 6.72 for the last single week of trading, and 7.43 for the last 200 days.

Under Armour Inc [UAA]: Deeper insight into the fundamentals

Under Armour Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.63 and a Current Ratio set at 2.46.

Earnings analysis for Under Armour Inc [UAA]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for UAA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Under Armour Inc go to -12.75%.

Insider trade positions for Under Armour Inc [UAA]

The top three institutional holders of UAA stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in UAA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in UAA stock with ownership which is approximately 5.1238%.