In the last trading session, 2.2 million Amer Sports Inc (NYSE:AS) shares changed hands as the company’s beta touched 2.78. With the company’s per share price at $24.26 changed hands at $0.08 or 0.33% during last session, the market valuation stood at $13.44B. AS’s last price was a discount, traded about -40.15% 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 58.33% up since then. When we look at Amer Sports Inc’s average trading volume, we note the 10-day average is 3.37 million shares, with the 3-month average coming to 3.97 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 was in green as seen at the end of in last trading. With action 12.00%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -13.23%, with the 5-day performance at 12.00% in the green. However, in the 30-day time frame, Amer Sports Inc (NYSE:AS) is -11.69% down. Looking at the short shares, we see there were 14.03 million shares sold at short interest cover period of 3.19 days.
The consensus price target for the stock as assigned by Wall Street analysts is 31, meaning bulls need an upside of 21.74% from its current 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 -52.51% plunge from its current level, while the stock would need to soar -3.05% for it to hit the projected low.
Amer Sports Inc (AS) estimates and forecasts
Year-over-year growth is forecast to reach 14.71% 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 1.39B. 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 17.09%. The estimates for the next quarter sales put growth at 16.13%.
The 2025 estimates are for Amer Sports Inc earnings to increase by 43.10%, but the outlook for the next 5-year period is at 34.32% per year.
AS Dividends
Amer Sports Inc is expected to release its next quarterly earnings report on 2025-Feb-24.
Amer Sports Inc (NYSE:AS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 66.96% of Amer Sports Inc shares while 31.20% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 94.42%. There are 31.20% 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 Feb 28, 2025 were Fidelity Securities Fund-Fidelity Blue Chip Growth Fund and Fidelity Contrafund . With 4.7 shares estimated at $114.09 million under it, the former controlled 0.85% of total outstanding shares. On the other hand, Fidelity Contrafund held about 0.76% of the shares, roughly 4.18 shares worth around $101.5 million.
