While Amer Sports Inc has overperformed by 0.35%, investors are advised to look at stock chart patterns for technical insight.
On October 14, 2024, Wells Fargo Downgraded Amer Sports Inc (NYSE: AS) to Equal Weight. A report published by Bernstein on April 08, 2024, Downgraded its rating to ‘Mkt Perform’ for AS. Wells Fargo also rated AS shares as ‘Overweight’, setting a target price of $19 on the company’s shares in an initiating report dated February 26, 2024. UBS Initiated an Buy rating on February 26, 2024, and assigned a price target of $23. TD Cowen initiated its ‘Outperform’ rating for AS, as published in its report on February 26, 2024. Robert W. Baird’s report from February 26, 2024 suggests a price prediction of $20 for AS shares, giving the stock a ‘Outperform’ rating. Morgan Stanley also rated the stock as ‘Equal-Weight’.
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Analysis of Amer Sports Inc (AS)
Further, the quarter-over-quarter increase in sales is 18.10%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Amer Sports Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -1.74% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.77, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and AS is recording an average volume of 2.11M. On a monthly basis, the volatility of the stock is set at 5.23%, whereas on a weekly basis, it is put at 6.43%, with a gain of 23.85% over the past seven days. Furthermore, long-term investors anticipate a median target price of $23.98, showing decline from the present price of $25.60, which can serve as yet another indication of whether AS is worth investing in or should be passed over.
How Do You Analyze Amer Sports Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 86.97%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 9.62% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
AS shares are owned by institutional investors to the tune of 9.62% at present.
