In the last trading session, 2.3 million shares of the Amer Sports Inc (NYSE:AS) were traded, and its beta was 2.62. Most recently the company’s share price was $28.80, and it changed around -$0.67 or -2.27% from the last close, which brings the market valuation of the company to $15.95B. AS currently trades at a discount to its 52-week high of $34.00, offering almost -18.06% off that amount. The share price’s 52-week low was $10.11, which indicates that the current value has risen by an impressive 64.9% since then. We note from Amer Sports Inc’s average daily trading volume that its 10-day average is 3.11 million shares, with the 3-month average coming to 3.25 million.
Amer Sports Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.61. If we narrow it down even further, the data shows that 0 out of 21 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 3 recommended AS as a Hold, whereas 13 deemed it a Buy, and 1 rated it as Underweight. Amer Sports Inc is expected to report earnings per share of 0.15 for the current quarter.
Amer Sports Inc (NYSE:AS) trade information
Instantly AS has showed a red trend with a performance of -2.27% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 29.76 on recent trading dayincreased the stock’s daily price by 3.23%. The company’s shares are currently up 3.00% year-to-date, but still up 1.77% over the last five days. On the other hand, Amer Sports Inc (NYSE:AS) is 0.70% up in the 30-day period. We can see from the shorts that 13.1 million shares have been sold at a short interest cover period of 2.98 day(s).
The consensus price target as assigned by Wall Street analysts is $31, which translates to bulls needing to increase their stock price by 7.1% from its current value. Analyst projections state that AS is forecast to be at a low of $25 and a high of $37.
Amer Sports Inc (AS) estimates and forecasts
The year-over-year growth rate is expected to be 14.91%, up from the previous year.
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of 1.38B in revenue for the current quarter. 9 analysts expect Amer Sports Inc to make 1.15B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.18B and 993.8M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 16.80%. Forecasts for the next quarter put sales growth at 15.90%.
Amer Sports Inc earnings are expected to increase by 46.78% in 2025, but the outlook is positive 35.27% per year for the next five years.
AS Dividends
Amer Sports Inc’s next quarterly earnings report is expected to be released on 2025-Feb-24.
Amer Sports Inc (NYSE:AS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 66.96% of Amer Sports Inc shares, and 30.74% of them are in the hands of institutional investors. The stock currently has a share float of 93.05%. Amer Sports Inc stock is held by 261.0 institutions, with FOUNTAINVEST CHINA CAPITAL PARTNERS GP3 LTD. being the largest institutional investor. By 2024-06-30, it held 13.6763% of the shares, which is about 69.1 million shares worth $868.58 million.
BROWN ADVISORY INC, with 1.0474% or 5.29 million shares worth $66.52 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Fidelity Blue Chip Growth Fund and Fidelity Contrafund were the top two Mutual Funds as of Jan 31, 2025 . The former held 4.7 shares worth $135.44 million, making up 0.85% of all outstanding shares. On the other hand, Fidelity Contrafund held roughly 4.18 shares worth around $120.49 million, which represents about 0.76% of the total shares outstanding.
