While Amer Sports Inc. has underperformed by -5.44%, investors are advised to look at stock chart patterns for technical insight.
On April 08, 2024, Bernstein Downgraded Amer Sports Inc. (NYSE: AS) to Mkt Perform. A report published by Wells Fargo on February 26, 2024, Initiated its previous ‘Overweight’ rating for AS. UBS also rated AS shares as ‘Buy’, setting a target price of $23 on the company’s shares in an initiating report dated February 26, 2024. TD Cowen Initiated an Outperform rating on February 26, 2024, and assigned a price target of $18. Robert W. Baird initiated its ‘Outperform’ rating for AS, as published in its report on February 26, 2024. Morgan Stanley’s report from February 26, 2024 suggests a price prediction of $16 for AS shares, giving the stock a ‘Equal-Weight’ rating. JP Morgan also rated the stock as ‘Overweight’.
Analysis of Amer Sports Inc. (AS)
Amer Sports Inc.’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. Taking into account the quick ratio of the company, currently set at 0.80, 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.
The average volume for any stock is also a very valuable indicator of volatility, and AS has an average volume of 1.55M. On a monthly basis, the volatility of the stock is set at 4.15%, whereas on a weekly basis, it is put at 3.68%, with a gain of 0.22% over the past seven days. Furthermore, long-term investors anticipate a median target price of $19.13, showing growth from the present price of $13.90, 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?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 80.58%. 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 1.69% 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 1.69% at present.
