Amer Sports Inc (NYSE:AS) has a beta value of 2.57 and has seen 0.62 million shares traded in the recent trading session. The company, currently valued at $14.99B, closed the recent trade at $27.07 per share which meant it gained $0.32 on the day or 1.19% during that session. The AS stock price is -25.6% off its 52-week high price of $34.00 and 62.65% above the 52-week low of $10.11. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.8 million shares traded. The 3-month trading volume is 3.17 million shares.
The consensus among analysts is that Amer Sports Inc (AS) is Buy stock at the moment, with a recommendation rating of 1.61. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 5 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.15.
Amer Sports Inc (NYSE:AS) trade information
Sporting 1.19% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the AS stock price touched $27.07 or saw a rise of 8.49%. Year-to-date, Amer Sports Inc shares have moved -3.19%, while the 5-day performance has seen it change -8.08%. Over the past 30 days, the shares of Amer Sports Inc (NYSE:AS) have changed -11.57%. Short interest in the company has seen 8.88 million shares shorted with days to cover at 2.54.
Wall Street analysts have a consensus price target for the stock at $31, which means that the shares’ value could jump 12.68% from the levels at last check today. The projected low price target is $25.0 while the price target rests at a high of $37.0. In that case, then, we find that the latest price level in today’s session is -36.68% off the targeted high while a plunge would see the stock lose 7.65% from the levels at last check today.
Amer Sports Inc (AS) estimates and forecasts
The company’s shares have gained 87.98% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 14.92%.
9 analysts offering their estimates for the company have set an average revenue estimate of 1.38B for the current quarter. 9 have an estimated revenue figure of 1.15B for the next ending quarter. Year-ago sales stood 1.18B and 993.8M respectively for this quarter and the next, and analysts expect sales will grow by 16.80% for the current quarter and 14.92% for the next. Earnings growth for 2025 is a modest 46.89% while over the next 5 years, the company’s earnings are expected to increase by 35.40%.
AS Dividends
Amer Sports Inc is expected to release its next earnings report on 2025-Feb-24 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Amer Sports Inc (NYSE:AS)’s Major holders
Insiders own 24.49% of the company shares, while shares held by institutions stand at 30.67% with a share float percentage of 40.61%. Investors are also buoyed by the number of investors in a company, with Amer Sports Inc having a total of 258.0 institutions that hold shares in the company. The top two institutional holders are FOUNTAINVEST CHINA CAPITAL PARTNERS GP3 LTD. with over 69.1 million shares worth more than $868.58 million. As of 2024-06-30, FOUNTAINVEST CHINA CAPITAL PARTNERS GP3 LTD. held 13.6763% of shares outstanding.
The other major institutional holder is BROWN ADVISORY INC, with the holding of over 5.29 million shares as of 2024-06-30. The firm’s total holdings are worth over $66.52 million and represent 1.0474% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Blue Chip Growth Fund and Fidelity Contrafund Inc. As of Dec 31, 2024, the former fund manager holds about 0.85% shares in the company for having 4.7 shares of worth $125.69 million while later fund manager owns 4.18 shares of worth $111.81 million as of Dec 31, 2024, which makes it owner of about 0.76% of company’s outstanding stock.
