In the last trading session, 5.74 million shares of the Under Armour Inc (NYSE:UAA) were traded, and its beta was 1.65. Most recently the company’s share price was $7.31, and it changed around -$0.07 or -0.95% from the last close, which brings the market valuation of the company to $3.18B. UAA currently trades at a discount to its 52-week high of $9.59, offering almost -31.19% off that amount. The share price’s 52-week low was $6.29, which indicates that the current value has risen by an impressive 13.95% since then. We note from Under Armour Inc’s average daily trading volume that its 10-day average is 5.63 million shares, with the 3-month average coming to 7.23 million.
Under Armour Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.45. If we narrow it down even further, the data shows that 6 out of 33 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 19 recommended UAA as a Hold, whereas 2 deemed it a Buy, and 4 rated it as Underweight. Under Armour Inc is expected to report earnings per share of $0.08 for the current quarter.
Under Armour Inc (NYSE:UAA) trade information
Instantly UAA has showed a red trend with a performance of -0.95% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -16.84% year-to-date, but still up 2.24% over the last five days. On the other hand, Under Armour Inc (NYSE:UAA) is -18.42% down in the 30-day period. We can see from the shorts that 17.61 million shares have been sold at a short interest cover period of 2.45 day(s).
The consensus price target as assigned by Wall Street analysts is $19.83, which translates to bulls needing to increase their stock price by 63.14% from its current value. Analyst projections state that UAA is forecast to be at a low of $7 and a high of $35.
Under Armour Inc (UAA) estimates and forecasts
Under Armour Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 11.60 percent over the past six months and at a -10.34% annual growth rate that is well below the industry average of 3.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -55.60% in revenue this quarter, and will report an increase of 100.00% in the next quarter. The year-over-year growth rate is expected to be -3.30%, down from the previous year.
Consensus estimates provided by 21 financial analysts predict the company will bring in an average of $1.33 billion in revenue for the current quarter. 17 analysts expect Under Armour Inc to make $1.31 billion in revenue for the quarter ending Jun 2024. Analysts predict that the company’s current quarter sales will drop, forecast at -4.80%.
Under Armour Inc earnings are expected to increase by -9.52% in 2024, but the outlook is positive 8.50% per year for the next five years.
UAA Dividends
Under Armour Inc’s next quarterly earnings report is expected to be released around May 07 and May 13.
Under Armour Inc (NYSE:UAA)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.27% of Under Armour Inc shares, and 81.50% of them are in the hands of institutional investors. The stock currently has a share float of 81.71%. Under Armour Inc stock is held by 491 institutions, with Vanguard Group Inc being the largest institutional investor. By Jun 29, 2023, it held 8.97% of the shares, which is about 16.93 million shares worth $122.22 million.
Blackrock Inc., with 8.94% or 16.86 million shares worth $121.76 million as of Jun 29, 2023, holds the second largest percentage of outstanding shares.
iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Sep 29, 2023. The former held 5.9 million shares worth $40.43 million, making up 3.13% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 5.66 million shares worth around $40.84 million, which represents about 3.00% of the total shares outstanding.
