In the latest trading session, 0.4 million Amer Sports Inc (NYSE:AS) shares changed hands as the company’s beta touched 2.55. With the company’s most recent per share price at $28.76 changing hands around $0.26 or 0.93% at last look, the market valuation stands at $15.93B. AS’s current price is a discount, trading about -18.22% off its 52-week high of $34.00. The share price had its 52-week low at $10.11, which suggests the last value was 64.85% up since then. When we look at Amer Sports Inc’s average trading volume, we note the 10-day average is 4.45 million shares, with the 3-month average coming to 3.19 million.
Analysts gave the Amer Sports Inc (AS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.61. 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 0.15.
Amer Sports Inc (NYSE:AS) trade information
Instantly AS is in green as seen in intraday trades today. With action 7.53%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 2.88%, with the 5-day performance at 7.53% in the green. However, in the 30-day time frame, Amer Sports Inc (NYSE:AS) is -7.18% down. Looking at the short shares, we see there were 8.88 million shares sold at short interest cover period of 2.54 days.
The consensus price target for the stock as assigned by Wall Street analysts is 31, meaning bulls need an upside of 7.23% from its recent market value. According to analyst projections, AS’s forecast low is 25 with 37 as the target high. To hit the forecast high, the stock’s price needs a -28.65% plunge from its current level, while the stock would need to tank 13.07% for it to hit the projected low.
Amer Sports Inc (AS) estimates and forecasts
Year-over-year growth is forecast to reach 14.92% up from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of 1.38B. 9 analysts are of the opinion that Amer Sports Inc’s revenue for the current quarter will be 1.15B. The company’s revenue for the corresponding quarters a year ago was 1.18B and 993.8M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 16.80%. The estimates for the next quarter sales put growth at 15.90%.
Amer Sports Inc (NYSE:AS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 24.49% of Amer Sports Inc shares while 30.72% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 40.69%. There are 30.72% institutions holding the Amer Sports Inc stock share, with FOUNTAINVEST CHINA CAPITAL PARTNERS GP3 LTD. the top institutional holder. As of 2024-06-30, the company held 13.6763% of the shares, roughly 69.1 million AS shares worth $868.58 million.
BROWN ADVISORY INC holds the second largest percentage of outstanding shares, with 1.0474% or 5.29 million shares worth $66.52 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Fidelity Blue Chip Growth Fund and Fidelity Contrafund Inc. With 4.7 shares estimated at $135.4 million under it, the former controlled 0.85% of total outstanding shares. On the other hand, Fidelity Contrafund Inc held about 0.76% of the shares, roughly 4.18 shares worth around $120.45 million.
