What Are The Chances Of Under Armour Inc (NYSE: UA) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. The stock was recently discussed on Yahoo Finance as it revealed that UNDER ARMOUR REPORTS THIRD QUARTER FISCAL 2024 RESULTS; TIGHTENS FISCAL 2024 OUTLOOK.

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Stocks Info

As a NYSE listed company, UA falls under the Consumer Cyclical sector while operating within the Apparel Manufacturing industry segment. At the end of the last regular session, the stock closed at $8.00 and fluctuated between $8.08 as its day high and $7.81 as its day low. The current market capitalization of Under Armour Inc is $3.48B. A total of 3.2 million shares were traded on the day, compared to an average of 3.45M shares.

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, UA has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 39 BUYs and 12 SELLs from insiders. Insiders purchased 3,285,040 shares during that period but sold 16,096,260.

In the most recent transaction, Plank Kevin A sold 16,000,000 shares of UA for 6.13 per share on May 31. After the transaction, the Exec. Chair & Brand Chief now owns 0 company shares.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for UA in the last 3 months, the mean price target is $9.80 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 $9.20 and a low of $5.86.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. UA’s latest balance sheet shows that the firm has $1.01B in Cash & Short Term Investments as of fiscal 2022. There were $1.48B in debt and $1.30B in liabilities at the time. Its Book Value Per Share was $4.99, while its Total Shareholder’s Equity was $1.73B.

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, 0 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 Buy with a score of 3.00.

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