Under Armour Inc [UAA] Stock trading around $8.50 per share: What’s Next?

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Under Armour Inc [NYSE: UAA] plunged by -$0.34 during the normal trading session on while it closed the day at $8.50.

Under Armour Inc stock has also loss -4.60% of its value over the past 7 days. However, UAA stock has inclined by 25.00% in the 3 months of the year. Over the past six months meanwhile, it has gained 25.00% and lost -3.30% year-on date.

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The market cap for UAA stock reached $3.67 billion, with 188.80 million shares outstanding and 188.42 million shares in the current float. Compared to the average trading volume of 13.94M shares, UAA reached a trading volume of 11867806 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $8.18 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 2.74. 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.

Telsey Advisory Group have made an estimate for Under Armour Inc shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on August 09, 2024. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $8 to $4. The new note on the price target was released on July 23, 2024, representing the official price target for Under Armour Inc stock. On May 17, 2024, analysts decreased their price target for UAA shares from 8 to 7.

The Average True Range (ATR) for Under Armour Inc is set at 0.35, with the Price to Sales ratio for UAA stock in the period of the last 12 months amounting to 0.66. The Price to Book ratio for the last quarter was 2.02, with the Price to Cash per share for the same quarter was set at 2.09. Price to Free Cash Flow for UAA in the course of the last twelve months was 10.51 with Quick ratio for the last quarter at 1.08.

UAA stock trade performance evaluation

Under Armour Inc [UAA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.60. With this latest performance, UAA shares gained by 9.11% in over the last four-week period, additionally plugging by 25.00% over the last 6 months – not to mention a rise of 28.59% 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 55.54, with the RSI for the last a single of trading hit 53.72, and the three-weeks RSI is set at 55.96 for Under Armour Inc [UAA]. The present Moving Average for the last 50 days of trading for this stock 7.85, while it was recorded at 8.69 for the last single week of trading, and 7.49 for the last 200 days.

Under Armour Inc [UAA]: An insightful look at the core fundamentals

Under Armour Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.08 and a Current Ratio set at 1.73.

Earnings per share (EPS) analysis for Under Armour Inc [UAA] stock

With the latest financial reports released by the company, Under Armour Inc posted 0.24/share EPS, while the average EPS was predicted by analysts to be reported at 0.21/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.03. 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 -9.15%.

Under Armour Inc [UAA]: Institutional Ownership

There are presently around $91.28%, or 91.44%% of UAA stock, in the hands of institutional investors. The top three institutional holders of UAA stocks are: VANGUARD GROUP INC with ownership of 17.96 million shares, which is approximately 4.0502%. BLACKROCK INC., holding 16.35 million shares of the stock with an approximate value of $$109.04 million in UAA stocks shares; and BLACKROCK INC., currently with $$62.38 million in UAA stock with ownership which is approximately 2.1085%.