Amer Sports Inc. [NYSE: AS] gained 6.87% on the last trading session, reaching $18.35 price per share at the time.
If compared to the average trading volume of 1.49M shares, AS reached a trading volume of 3853218 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Amer Sports Inc. [AS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AS shares is $18.60 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AS stock is a recommendation set at 1.21. 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.
Bernstein have made an estimate for Amer Sports Inc. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on April 08, 2024. While these analysts kept the previous recommendation, Wells Fargo raised their target price to Overweight. The new note on the price target was released on February 26, 2024, representing the official price target for Amer Sports Inc. stock. Previously, the target price had yet another raise to $23, while UBS analysts kept a Buy rating on AS stock.
The Average True Range (ATR) for Amer Sports Inc. is set at 0.68, with the Price to Sales ratio for AS stock in the period of the last 12 months amounting to 2.00. The Price to Book ratio for the last quarter was 2.31, with the Price to Cash per share for the same quarter was set at 0.51.
Trading performance analysis for AS stock
Amer Sports Inc. [AS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.62. With this latest performance, AS shares gained by 27.43% in over the last four-week period, additionally plugging by 22.82% over the last 6 months.
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 AS stock in for the last two-week period is set at 81.04, with the RSI for the last a single of trading hit 85.91, and the three-weeks RSI is set at 76.51 for Amer Sports Inc. [AS]. The present Moving Average for the last 50 days of trading for this stock 13.82, while it was recorded at 17.18 for the last single week of trading.
Amer Sports Inc. [AS]: A deeper dive into fundamental analysis
Amer Sports Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.81 and a Current Ratio set at 1.87.
Amer Sports Inc. [AS]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Amer Sports Inc. posted -0.08/share EPS, while the average EPS was predicted by analysts to be reported at -0.01/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.07. 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 AS.
