In today’s recent session, 2.01 million shares of the Under Armour Inc (NYSE:UAA) have been traded, and its beta is 1.69. Most recently the company’s share price was $9.18, and it changed around -$0.21 or -2.29% from the last close, which brings the market valuation of the company to $3.80B. UAA at last check was trading at a discount to its 52-week high of $11.89, offering almost -29.52% off that amount. The share price’s 52-week low was $6.17, which indicates that the recent value has risen by an impressive 32.79% since then. We note from Under Armour Inc’s average daily trading volume that its 10-day average is 15.19 million shares, with the 3-month average coming to 13.06 million.
Under Armour Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.74. If we narrow it down even further, the data shows that 6 out of 36 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 19 recommended UAA as a Hold, whereas 5 deemed it a Buy, and 4 rated it as Underweight. Under Armour Inc is expected to report earnings per share of 0.03 for the current quarter.
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Under Armour Inc (NYSE:UAA) trade information
Instantly UAA has been showing red trend so far today with a performance of -2.29% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 10.15 on recent trading dayincreased the stock’s daily price by 9.56%. The company’s shares are currently up 4.38% year-to-date, but still down -6.38% over the last five days. On the other hand, Under Armour Inc (NYSE:UAA) is 2.29% up in the 30-day period. We can see from the shorts that 26.81 million shares have been sold at a short interest cover period of 2.47 day(s).
The consensus price target as assigned by Wall Street analysts is $10, which translates to bulls needing to increase their stock price by 8.2% from its current value. Analyst projections state that UAA is forecast to be at a low of $4 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 32.01 percent over the past six months and at a -50.00% annual growth rate that is well below the industry average of -0.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -82.23% in revenue this quarter, and will report a decrease of -150.24% in the next quarter. The year-over-year growth rate is expected to be -10.44%, down from the previous year.
Consensus estimates provided by 20 financial analysts predict the company will bring in an average of 1.34B in revenue for the current quarter. 20 analysts expect Under Armour Inc to make 1.18B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.49B and 1.33B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -9.77%. Forecasts for the next quarter put sales growth at -11.07%.
Under Armour Inc earnings are expected to increase by -49.37% in 2024, but the outlook is positive 1.00% per year for the next five years.
UAA Dividends
Under Armour Inc’s next quarterly earnings report is expected to be released in December.
Under Armour Inc (NYSE:UAA)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.17% of Under Armour Inc shares, and 107.62% of them are in the hands of institutional investors. The stock currently has a share float of 107.81%. Under Armour Inc stock is held by 491.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 4.0502% of the shares, which is about 17.96 million shares worth $119.82 million.
BLACKROCK INC., with 3.686% or 16.35 million shares worth $109.04 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF were the top two Mutual Funds as of Jun 30, 2024. The former held 6.41 shares worth $58.92 million, making up 3.40% of all outstanding shares. On the other hand, iShares Core S&P Midcap ETF held roughly 5.9 shares worth around $54.17 million, which represents about 3.12% of the total shares outstanding.
