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Wednesday, February 1, 2023

Momentum Is Strong For Under Armour Inc. (NYSE: UA)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Under Armour Inc. (UA) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $8.92. The Under Armour Inc. has recorded 257,051 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed UNDER ARMOUR ANNOUNCES STEPHANIE LINNARTZ AS PRESIDENT AND CEO.

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Stocks Info

This NYSE-listed company operates within the Apparel Manufacturing industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $8.92 and fluctuated between $8.97 as its day high and $8.60 as its day low. The current market capitalization of Under Armour Inc. is $4.31B. A total of 2.6 million shares were traded on the day, compared to an average of 3.16M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, UA has seen 7 BUY and 0 SELL insider trades, representing the acquisition of 60,799 and the disposition of 0 shares. Over the last 12 months, there were 49 BUYs and 14 SELLs from insiders. Insiders purchased 1,611,351 shares during that period but sold 497,677.

In the most recent transaction, Gibbs David W bought 25,000 shares of UA for 9.60 per share on May 31. After the transaction, the Director now owns 50,000 company shares. In a previous transaction on May 27, Gibbs David W bought 25,000 shares at 9.39 per share. UA shares that Director owns now total 25,000.

Among the insiders who sold shares, Maheshwari Aditya disposed of 2,899 shares on Feb 28 at a per-share price of $15.64. This resulted in the Chief Accounting Officer holding 58,506 shares of UA after the transaction.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for UA in the last 3 months, the mean price target is $10.61 with high estimates of $15.00 and low estimates of $8.00. In terms of 52-week highs and lows, UA has a high of $18.65 and a low of $5.74.

As of this writing, UA has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 28 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for UA is Sell with a score of 3.00. A total of 11 analysts rated the stock as Buy while 1 rated it as Overweight while 15 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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