Amer Sports Inc. (AS) Analysis & Forecast for 2024

Amer Sports Inc. (NYSE: AS) is 45.97% higher on its value in year-to-date trading and has touched a low of $10.11 and a high of $19.73 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AS stock was last observed hovering at around $19.49 in the last trading session, with the day’s gains setting it 0.07%.

Currently trading at $19.56, the stock is 19.12% and 36.67% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.44 million and changing 0.36% at the moment leaves the stock 36.26% off its SMA200. AS registered a loss of 37.84% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $14.3118 and a 200-day simple moving average (SMA200) of $14.355227.

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The stock witnessed a 38.63% gain in the last 1 month and extending the period to 3 months gives it a 71.88%, and is 13.65% up 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 5.69% over the week and 3.87% over the month.

Amer Sports Inc. (AS) has around 11400 employees, a market worth around $9.88B and $4.64B in sales. Fwd P/E is 28.66. Profit margin for the company is -2.79%. Distance from 52-week low is 93.47% and -0.86% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.04%).

with sales reaching $1.3B over the same period.The EPS is expected to grow by 224.84% this year, but quarterly earnings will post 15.90% year-over-year.