In the latest trading session,, 3.92 million Under Armour Inc (NYSE:UAA) shares changed hands as the company’s beta touched 1.64. With the company’s most recent per share price at $6.93 changed hands at -$0.53 or -7.10% at last look, the market valuation stands at $2.99B. UAA’s current price is a discount, trading about -37.09% off its 52-week high of $9.50. The share price had its 52-week low at $6.17, which suggests the last value was 10.97% up since then. When we look at Under Armour Inc’s average trading volume, we note the 10-day average is 12.77 million shares, with the 3-month average coming to 12.31 million.
Analysts gave the Under Armour Inc (UAA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.68. If we narrow down to specifics, the data shows that 2 out of 16 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 6 recommended UAA as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. Under Armour Inc’s EPS for the current quarter is expected to be 0.19.
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Under Armour Inc (NYSE:UAA) trade information
Instantly UAA was in red as seen in intraday trades today. With action -15.49%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -21.16%, with the 5-day performance at -15.49% in the red. However, in the 30-day time frame, Under Armour Inc (NYSE:UAA) is -12.28% down. Looking at the short shares, we see there were 24.29 million shares sold at short interest cover period of 1.71 days.
The consensus price target for the stock as assigned by Wall Street analysts is 10, meaning bulls need an upside of 30.7% from its recent market value. According to analyst projections, UAA’s forecast low is 4 with 35 as the target high. To hit the forecast high, the stock’s price needs a -405.05% plunge from its current level, while the stock would need to tank 42.28% for it to hit the projected low.
Under Armour Inc (UAA) estimates and forecasts
Data shows that the Under Armour Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -16.51% over the past 6 months, a -59.26% in annual growth rate that is considerably lower than the industry average of -0.80%. Year-over-year growth is forecast to reach -10.50% down from the last financial year.
Consensus estimates given by 21 financial analysts project the company’s revenue in the current quarter to hit an average of 1.38B. 21 analysts are of the opinion that Under Armour Inc’s revenue for the current quarter will be 1.33B.
The 2024 estimates are for Under Armour Inc earnings to decrease by -59.29%, but the outlook for the next 5-year period is at -13.40% per year.
Under Armour Inc (NYSE:UAA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.17% of Under Armour Inc shares while 91.32% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 91.48%. There are 91.32% institutions holding the Under Armour Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 4.0502% of the shares, roughly 17.96 million UAA shares worth $119.82 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 3.686% or 16.35 million shares worth $109.04 million as of 2024-06-30.
