While Academy Sports and Outdoors Inc has underperformed by -0.30%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ASO fell by -9.72%, with highs and lows ranging from $75.73 to $44.73, whereas the simple moving average fell by -12.97% in the last 200 days.
On December 05, 2024, Telsey Advisory Group Reiterated Academy Sports and Outdoors Inc (NASDAQ: ASO) to Outperform. A report published by Truist on November 19, 2024, Downgraded its rating to ‘Hold’ for ASO. Evercore ISI also Downgraded ASO shares as ‘In-line’, setting a target price of $60 on the company’s shares in a report dated October 03, 2024. TD Cowen August 13, 2024d the rating to Hold on August 13, 2024, and set its price target from $58 to $54. JP Morgan August 05, 2024d its ‘Overweight’ rating to ‘Neutral’ for ASO, as published in its report on August 05, 2024. UBS’s report from June 12, 2024 suggests a price prediction of $58 for ASO shares, giving the stock a ‘Neutral’ rating. BofA Securities also rated the stock as ‘Neutral’.
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Analysis of Academy Sports and Outdoors Inc (ASO)
Investors in Academy Sports and Outdoors Inc will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.42 per share. Further, the quarter-over-quarter decrease in sales is -2.15%, showing a negative trend in the upcoming months.
One of the most important indicators of Academy Sports and Outdoors Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 26.40% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.41, 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.
For any stock, average volume can also provide valuable insight into volatility, and ASO is recording 1.42M average volume. On a monthly basis, the volatility of the stock is set at 3.90%, whereas on a weekly basis, it is put at 3.84%, with a gain of 0.92% over the past seven days. Furthermore, long-term investors anticipate a median target price of $62.16, showing growth from the present price of $49.30, which can serve as yet another indication of whether ASO is worth investing in or should be passed over.
How Do You Analyze Academy Sports and Outdoors Inc Shares?
The Specialty Retail market is dominated by Academy Sports and Outdoors Inc (ASO) based in the USA. When comparing Academy Sports and Outdoors Inc shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 7.61, there is a growth in quarterly earnings of -3.27%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. 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 1.36%. 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 104.46% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ASO shares are owned by institutional investors to the tune of 104.46% at present.
