In the last trading session, 1.54 million Amer Sports Inc (NYSE:AS) shares changed hands as the company’s beta touched 0. With the company’s per share price at $26.33 changed hands at $0.46 or 1.78% during last session, the market valuation stood at $13.54B. AS’s last price was a premium, traded about 1.25% off its 52-week high of $26.00. The share price had its 52-week low at $10.11, which suggests the last value was 61.6% up since then. When we look at Amer Sports Inc’s average trading volume, we note the 10-day average is 3.45 million shares, with the 3-month average coming to 2.17 million.
Analysts gave the Amer Sports Inc (AS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.40. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended AS as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Amer Sports Inc’s EPS for the current quarter is expected to be 0.18.
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Amer Sports Inc (NYSE:AS) trade information
Instantly AS was in green as seen at the end of in last trading. With action 11.14%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 96.49%, with the 5-day performance at 11.14% in the green. However, in the 30-day time frame, Amer Sports Inc (NYSE:AS) is 49.43% up. Looking at the short shares, we see there were 6.46 million shares sold at short interest cover period of 2.84 days.
The consensus price target for the stock as assigned by Wall Street analysts is 20, meaning bulls need a downside of -31.65% from its current market value. According to analyst projections, AS’s forecast low is 15 with 25 as the target high. To hit the forecast high, the stock’s price needs a 5.05% surge from its current level, while the stock would need to tank 43.03% for it to hit the projected low.
Amer Sports Inc (AS) estimates and forecasts
Data shows that the Amer Sports Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 71.31% over the past 6 months, a 228.57% in annual growth rate that is considerably higher than the industry average of 1.70%. Year-over-year growth is forecast to reach 17.22% up from the last financial year.
Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of 1.59B. 10 analysts are of the opinion that Amer Sports Inc’s revenue for the current quarter will be 1.37B. The company’s revenue for the corresponding quarters a year ago was 1.31B and 1.18B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 20.91%. The estimates for the next quarter sales put growth at 15.51%.
The 2024 estimates are for Amer Sports Inc earnings to increase by 228.49%.
AS Dividends
Amer Sports Inc is expected to release its next quarterly earnings report in January.
