Pivotal Research Group took its Under Armour Inc. [UAA] rating to the equivalent of a Buy from a Hold, and the price target to $20 from $15, in a research note dated January 04, 2021. That figure represents around a 16.48% premium from where the company’s shares closed on Thursday. Meanwhile, Argus had raised its rating on UAA to “Buy” from the earlier “Hold”, in a research note produced for clients November 18, 2020. In addition, there was an upgrade from Wells Fargo on November 17, 2020. The rater changed UAA from “an Equal weight” to “an Overweight”.
Is Under Armour Inc. [NYSE:UAA] a Good Buy Right Now?
It should be noted that UAA technical indicators for short, intermediate as well as long term progress have placed an overall average of 80% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from Under Armour Inc.’s Trend Spotter indicated that the signals were Rising. The stock current average is 4.6 million shares in the past 20 days and the short term average signal indicates a 50% Buy. In the last 50 days, the average trading volume was 6.48 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 6.65 million shares.
UAA Price Performance
On Wall Street, Under Armour Inc. [NYSE:UAA] finished Thursday’s session down -1.60% at $17.17. The stock went up to $17.48 at the same session while its lowest single day price was $17.10. In the last five days, it saw a fall of about -1.09%, Under Armour Inc. shares dropped by almost -20.51% since the beginning of the year. However, the share price has dropped to as low as -21.81% below its one year high. On 01/03/20, the company shares recorded $21.96, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 05/14/20, the same year at $7.15. The company’s shares have declined by -21.17% in the past year. The 50-day SMA achieved is $16.05 while the 200-day SMA is $11.66. Volume gained to 3.21 million from 1.98 million in the previous session.
UAA Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 17.02 level, and in case of violation of this particular level, it will cause more drop to 16.87 level. On the upper level, 17.63 is still the key resistance. The stock may increase to the subsequent resistance at 17.40. The Relative Strength Index (RSI) pinned on the 14-day chart is 54.40, implying a neutral technical stance while the MACD stands at -0.12, meaning price will decrease in the next trading period. Percent R indicator moved to 59.91%, implying low price movement. Stochastic %K at 39.17% suggest selling the stock.
What is the short interest in Under Armour Inc.?
Short interest in the Under Armour Inc. stock has surged, increasing by 1.54 million shares to total 14.03 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 15.57 million, data from Yahoo Finance shows. The decrease of -10.98% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 8.66% of the overall float for the stock.
Under Armour Inc.’s Biggest Shareholders: Who Owns Under Armour Inc. [UAA]?
Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 19,101,853 shares or roughly 10.13% of the outstanding UAA shares. This means their shares have increased by 859,338 from the 19,101,853 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, Adage Capital Management LP updated stake is worth $259,835,595. Details in the latest 13F filings reveal that Credit Suisse Securities acquired their 537.28% stake valued at $198,135,990. During the last quarter, Credit Suisse Securities raised 10,081,186 of its shares in Under Armour Inc. while AKO Capital LLP bought 10,112,291 shares. The BlackRock Fund Advisors’s holdings currently number 9,983,568 shares at $171417862.56. According to the firm’s last 13F report, SSgA Funds Management, Inc. shares in the company at filing stood at 8,176,761 shares, roughly $135,488,930.
UAA Earnings Forecast For The Current Quarter
Under Armour Inc. [UAA] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $1.26B and an earnings per share of -$0.07 for Dec 2020. Looking further ahead, the company is expected to report revenue of $1.1B at an EPS of -$0.05 for Mar 2021. The estimates represent downside of 12.50% and 127.70% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
UAA Earnings Estimates For The Current Year
For the financial year, Under Armour Inc. [NYSE:UAA] is expected to bring in revenue of $4.32B. The returns are nearly $-950.0 million lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at -0.47, lower than that of FY19 by -$0.81. Estimates put this year’s earnings growth at -238.20%, 127.70% for the next, and at an annual -4.50% over the next 5-year period. As for sales, forecasts are for a decrease of -18.00% in the current fiscal year and a further 12.50% over the following year.