Amer Sports Inc (NYSE: AS) Surprises Bears With Upbeat Outlook.

In today’s recent session, 2.97 million shares of the Amer Sports Inc (NYSE:AS) were traded. Most recently the company’s share price was $19.07, and it changed around -$0.47 or -2.41% from the last close, which brings the market valuation of the company to $9.64B. AS at last check was trading at a discount to its 52-week high of $20.68, offering almost -8.44% off that amount. The share price’s 52-week low was $10.11, which indicates that the recent value has risen by an impressive 46.98% since then. We note from Amer Sports Inc’s average daily trading volume that its 10-day average is 2.02 million shares, with the 3-month average coming to 1.97 million.

Amer Sports Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.35. If we narrow it down even further, the data shows that 0 out of 20 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 2 recommended AS as a Hold, whereas 13 deemed it a Buy, and 0 rated it as Underweight. Amer Sports Inc is expected to report earnings per share of 0.1 for the current quarter.

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Amer Sports Inc (NYSE:AS) trade information

Instantly AS has been showing red trend so far today with a performance of -2.41% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 20.90 on recent trading dayincreased the stock’s daily price by 8.76%. The company’s shares are currently up 42.31% year-to-date, but still down -4.51% over the last five days. On the other hand, Amer Sports Inc (NYSE:AS) is 1.11% up in the 30-day period. We can see from the shorts that 6.46 million shares have been sold at a short interest cover period of 2.84 day(s).

The consensus price target as assigned by Wall Street analysts is $20, which translates to bulls needing to increase their stock price by 4.65% from its current value. Analyst projections state that AS is forecast to be at a low of $15 and a high of $25.

Amer Sports Inc (AS) estimates and forecasts

Amer Sports Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 29.20 percent over the past six months and at a 225.71% annual growth rate that is well above the industry average of 3.00%. The year-over-year growth rate is expected to be 16.18%, up from the previous year.

Consensus estimates provided by 9 financial analysts predict the company will bring in an average of 1.3B in revenue for the current quarter. 9 analysts expect Amer Sports Inc to make 1.6B in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 21.98%.