Stocks of Under Armour Inc (UAA) are poised to climb above their peers

With 8.08 million shares changed hands, the volume of the stock remained heavier than its average volume of 7.24 million shares. During the session, the Apparel Manufacturing company that operates in wider Consumer Cyclical sector, reached to the highest price of $7.21 whereas the lowest price it dropped to was $7.00. The 52-week range on UAA shows that it touched its highest point at $9.59 and its lowest point at $6.29 during that stretch. It currently has a 1-year price target of $9.40. Beta for the stock currently stands at 1.64.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of UAA was down-trending over the past week, with a drop of -0.56%, but this was down by -20.36% over a month. Three-month performance dropped to -19.45% while six-month performance rose 3.36%. The stock lost -23.87% in the past year, while it has lost -19.45% so far this year. A look at the trailing 12-month EPS for UAA yields 0.89 with Next year EPS estimates of 0.59. For the next quarter, that number is 0.08. This implies an EPS growth rate of -9.52% for this year and 13.03% for next year.

Float and Shares Shorts:

At present, 188.70 million UAA shares are outstanding with a float of 188.40 million shares on hand for trading. On Mar 15, 2024, short shares totaled 17.61 million, which was 4.05% higher than short shares on Feb 15, 2024. In addition to UAL as the firm’s United Airlines Holdings, Inc., AA serves as its Alcoa Corporation.

Institutional Ownership:

Through their ownership of 81.50% of UAA’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for UAA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.