In the latest trading session, 1.34 million Under Armour Inc (NYSE:UAA) shares changed hands as the company’s beta touched 1.46. With the company’s most recent per share price at $6.68 changed hands at -$0.03 or -0.47% at last look, the market valuation stands at $2.77B. UAA’s current price is a discount, trading about -77.99% off its 52-week high of $11.89. The share price had its 52-week low at $6.17, which suggests the last value was 7.63% up since then. When we look at Under Armour Inc’s average trading volume, we note the 10-day average is 15.61 million shares, with the 3-month average coming to 10.95 million.
Analysts gave the Under Armour Inc (UAA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.81. If we narrow down to specifics, the data shows that 2 out of 16 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 6 recommended UAA as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. Under Armour Inc’s EPS for the current quarter is expected to be -0.08.
Under Armour Inc (NYSE:UAA) trade information
Instantly UAA was in red as seen in intraday trades today. With action -7.11%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -19.34%, with the 5-day performance at -7.11% in the red. However, in the 30-day time frame, Under Armour Inc (NYSE:UAA) is -7.50% down. Looking at the short shares, we see there were 36.49 million shares sold at short interest cover period of 3.24 days.
The consensus price target for the stock as assigned by Wall Street analysts is 8, meaning bulls need an upside of 16.5% from its recent market value. According to analyst projections, UAA’s forecast low is 7.4 with 10 as the target high. To hit the forecast high, the stock’s price needs a -49.7% plunge from its current level, while the stock would need to soar -10.78% for it to hit the projected low.
Under Armour Inc (UAA) estimates and forecasts
Year-over-year growth is forecast to reach -9.78% down from the last financial year.
Consensus estimates given by 20 financial analysts project the company’s revenue in the current quarter to hit an average of 1.16B. 13 analysts are of the opinion that Under Armour Inc’s revenue for the current quarter will be 1.15B. The company’s revenue for the corresponding quarters a year ago was 1.33B and 1.18B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -12.75%. The estimates for the next quarter sales put growth at -2.62%.
The 2025 estimates are for Under Armour Inc earnings to decrease by -43.99%, but the outlook for the next 5-year period is at -0.43% per year.
Under Armour Inc (NYSE:UAA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.17% of Under Armour Inc shares while 103.77% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 103.95%. There are 103.77% institutions holding the Under Armour Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 4.0502% of the shares, roughly 17.96 million UAA shares worth $119.82 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 3.686% or 16.35 million shares worth $109.04 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Fidelity Blue Chip Growth Fund and Pacer U.S. Cash Cows 100 ETF. With 13.51 shares estimated at $90.26 million under it, the former controlled 7.16% of total outstanding shares. On the other hand, Pacer U.S. Cash Cows 100 ETF held about 5.09% of the shares, roughly 9.61 shares worth around $64.19 million.
