In yesterday’s Wall Street session, Under Armour Inc (NYSE:UAA) shares traded at $8.31, up 3.88% from the previous session.
UAA stock price is now 20.00% away from the 50-day moving average and 11.52% away from the 200-day moving average. The market capitalization of the company currently stands at $3.59B.
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With the price target enhanced from $7 to $8, Telsey Advisory Group maintained Market Perform rating for Under Armour Inc (NYSE: UAA). On July 23, 2024, Morgan Stanley Downgraded its previous ‘Equal-Weight’ rating to ‘Underweight’ on the stock reducing its target price from $8 to quote $4, while ‘Oppenheimer’ rates the stock as ‘Perform’
In other news, Rocker Tchernavia, Former Affiliate bought 110,357 shares of the company’s stock on Aug 14 ’24. The stock was bought for $846,616 at an average price of $7.67. A total of 56.43% of the company’s stock is owned by insiders.
During the past 12 months, Under Armour Inc has had a low of $6.17 and a high of $9.50. As of last week, the company has a debt-to-equity ratio of 0.74, a current ratio of 1.73, and a quick ratio of 1.08. The fifty day moving average price for UAA is $6.9524 and a two-hundred day moving average price translates $7.459 for the stock.
The latest earnings results from Under Armour Inc (NYSE: UAA) was released for 2024-06-30. The net profit margin was -1.35% and return on equity was -3.93% for UAA. The company reported revenue of $1.18 billion for the quarter, compared to $1.32 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.12 percent.
