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Under Armour Inc. (UA) Is Now En Route to Higher Prices

Under Armour Inc. (NYSE: UA) is -17.38% lower on its value in year-to-date trading and has touched a low of $5.74 and a high of $16.52 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The UA stock was last observed hovering at around $7.26 in the last trading session, with the day’s gains setting it 0.11% off its average median price target of $12.90 for the next 12 months. It is also 53.94% off the consensus price target high of $16.00 offered by 28 analysts, but current levels are 26.3% higher than the price target low of $10.00 for the same period.

Currently trading at $7.37, the stock is -15.48% and -22.80% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.04 million and changing 1.52% at the moment leaves the stock -11.36% off its SMA200. UA registered -47.36% loss for a year compared to 6-month gain of -9.79%.

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The stock witnessed a -21.01% loss in the last 1 month and extending the period to 3 months gives it a -11.84%, and is -12.16% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.88% over the week and 3.65% over the month.

Current P/E ratio is 16.02. Distance from 52-week low is 28.40% and -55.39% from its 52-week high.

Under Armour Inc. (UA) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Under Armour Inc. (UA) is a “Overweight”. 28 analysts offering their recommendations for the stock have an average rating of 3.00, where 15 rate it as a Hold and 2 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Under Armour Inc. is expected to release its quarterly report on 05/09/2023.

Under Armour Inc. (UA) Top Institutional Holders

The shares outstanding are 220.43M, and float is at 182.69M with Short Float at 5.06%.

Under Armour Inc. (UA) Insider Activity

A total of 16 insider transactions have happened at Under Armour Inc. (UA) in the last six months, with sales accounting for 0 and purchases happening 16 times. The most recent transaction is an insider sale by Rocker Tchernavia,the company’sChief Administrative Officer. SEC filings show that Rocker Tchernavia sold 69,823 shares of the company’s common stock on Feb 10 at a price of $9.32 per share for a total of $0.65 million. Following the sale, the insider now owns 0.26 million shares.

Under Armour Inc. disclosed in a document filed with the SEC on May 31 that Gibbs David W (Director) bought a total of 25,000 shares of the company’s common stock. The trade occurred on May 31 and was made at $9.60 per share for $0.24 million. Following the transaction, the insider now directly holds 50000.0 shares of the UA stock.

Still, SEC filings show that on May 27, Gibbs David W (Director) acquired 25,000 shares at an average price of $9.39 for $0.23 million. The insider now directly holds 25,000 shares of Under Armour Inc. (UA).

Under Armour Inc. (UA): Who are the competitors?

The company’s main competitors (and peers) include NIKE Inc. (NKE) that is trading -2.96% down over the past 12 months. Lululemon Athletica Inc. (LULU) is 1.22% up on the 1-year trading charts.

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