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12/07/2023 16:10:00 EST
Under Armour Inc C (UA)
Industry: Apparel Manufacturing
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 30 trading days, UA has been trading in a range between $7.54 and $6.16 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
UA is trading below resistance at $8.09, about 2% to the upside. There is support at $7.22 -9% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Under Armour Inc C (UA) entered a Green zone 17 days ago on the AI powered stock chart. Wall Street analysts have a recent rating of 5.000, which is a Strong Buy. The current analyst target price is $13, which gives it a potential upside of 63.52 % from the recent price of 7.95. The stock is trading 43.52% (potential upside) below its 52 week high of $11.41 and 35.67 % (potential downside) above its 52 week low of $5.86 - based on the recent price.
Company Summary
Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types.
News
| 8 Retail Stocks Whose Price and Fundamentals Don't Line Up The recent upswing in retail stocks was likely a function of how much pain the sector (and the market) felt in October. Source: Barrons Tue, 05 Dec 2023 16:11:00 -0500 Sentiment: Neutral |
| Under Armour: Magical Discount Won't Last Forever Under Armour reported weak results but the stock rallied, indicating bullish sentiment. The company has inventory levels back in line with sales, and new products in the pipeline could drive meaningful growth. The stock trades at only 0.5x FY24 sales targets, far below industry levels. Source: Seeking Alpha Wed, 22 Nov 2023 16:52:37 -0500 Sentiment: Positive |
| Under Armour: Undervalued And Finally Turning Around Under Armour has struggled for the better part of a year. However, it shows signs of bottoming, due to a better technical and fundamental picture. Fundamentals in particular make the stock a compelling buy. Source: Seeking Alpha Wed, 22 Nov 2023 06:42:30 -0500 Sentiment: Positive |
| Under Armour, Inc. (UAA) Q2 2024 Earnings Call Transcript Under Armour, Inc. (UAA) Q2 2024 Earnings Call Transcript Source: Seeking Alpha Wed, 08 Nov 2023 11:54:04 -0500 Sentiment: Neutral |
| Under Armour adds muscle to 3Q earnings but says revenue is under pressure Under Armour Inc (NYSE:UA)Â shares rose after the sportswear maker reported second-quarter earnings that exceeded analysts' expectations, as well as its own. However, while it maintained its outlook for full-year earnings, it lowered its revenue expectations due to challenges in North America, its biggest market, during the back half of the year. Source: Proactive Investors Wed, 08 Nov 2023 11:51:02 -0500 Sentiment: Neutral |
Technicals 52 Week Hi: 11.415 52 Week Low: 5.86 Beta: 1.722 50 Day MA: 6.8394 200 Day MA: 7.1561 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.289 Qtr Revenue Growth YOY: -0.005 Forward PE: 15.8479 Trailing PE: 8.7667