On Jan. 04, Lawrence Steven Paul divested U.S. $88,937 in shares of Academy Sports and Outdoors Inc.. The See Remarks sold 4,282 shares at a price per share of $20.77. The transaction decreased this specific insider’s holdings to 174,710 shares worth around $3.7 million at present.
UBS launched its Academy Sports and Outdoors Inc. [ASO] rating to the equivalent of a Buy and assigned the price target of $18, in a research note dated October 27, 2020. That figure represents around a -17.61% premium from where the company’s shares closed on Wednesday. Some new analysts also started their coverage, with UBS’s analysts assigning the shares to “a Buy” rating in a research note to investors issued in late October. Meanwhile, Stephens had launched its coverage on ASO with “an Overweight”, in a research note produced for clients October 27, 2020. In addition, there was a new coverage from JP Morgan on October 27, 2020. The research firm rated ASO “an Overweight”.
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ASO Price Performance
On Wall Street, Academy Sports and Outdoors Inc. [NASDAQ:ASO] finished Wednesday’s session up 2.42% at $21.17. The stock went up to $21.37 at the same session while its lowest single day price was $20.34. In the last five days, it saw a rise of about 0.91%, Academy Sports and Outdoors Inc. shares gained by almost 2.12% since the beginning of the year. However, the share price has dropped to as low as -2.44% below its one year high.
ASO Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 20.55 level, and in case of violation of this particular level, it will cause more drop to 19.93 level. On the upper level, 21.99 is still the key resistance. The stock may increase to the subsequent resistance at 21.58. The Relative Strength Index (RSI) pinned on the 14-day chart is 70.66, implying an overbought technical stance while the MACD stands at 0.96, meaning price will decrease in the next trading period. Percent R indicator moved to 14.36%, implying bullish price movement. Stochastic %K at 82.24% suggest selling the stock.
What is the short interest in Academy Sports and Outdoors Inc.?
Short interest in the Academy Sports and Outdoors Inc. stock has plunged, decreasing by -5.7 million shares to total 7.94 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 2.24 million, data from Yahoo Finance shows. The increase of 71.79% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 30.47% of the overall float for the stock.
ASO Earnings Forecast For The Current Quarter
Academy Sports and Outdoors Inc. [ASO] is expected to report earnings results for the quarter ending on Jan 2021. Consensus estimates give the company expected revenues of $1.5B and an earnings per share of $0.37 for Jan 2021. Looking further ahead, the company is expected to report revenue of $1.2B at an EPS of $0.38 for Apr 2021. The estimates represent -2.70% and -17.72% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
What are analyst thoughts on Academy Sports and Outdoors Inc.?
Looking forward to the Academy Sports and Outdoors Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Academy Sports and Outdoors Inc. stock at $23.50 within the next 12 months, which represents almost 9.91 per cent growth from its previous closing price of $21.17. The highest analysts’ target for Academy Sports and Outdoors Inc. stock projections is $30.00 and the lowest one is $21.00. Still, 9 analysts sharing their consensus rating for ASO stock in 2021 agree that it is a Buy.