The stock of Under Armour Inc (NYSE:UA) reached all time low today, Nov, 18 and still has $29.68 target or 5.00% below today’s $31.24 share price. This indicates more downside for the $12.27B company. This technical setup was reported by Barchart.com. If the $29.68 PT is reached, the company will be worth $613.50M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 1.72 million shares traded hands. Under Armour Inc (NYSE:UA) has declined 26.08% since April 18, 2016 and is downtrending. It has underperformed by 30.51% the S&P500.
Under Armour Inc (NYSE:UA) Ratings Coverage
Out of 27 analysts covering Under Armour (NYSE:UA), 11 rate it a “Buy”, 1 “Sell”, while 15 “Hold”. This means 41% are positive. Under Armour has been the topic of 59 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Friday, December 18, the company rating was initiated by Mizuho. The stock has “Meu” rating given by Goldman Sachs on Wednesday, May 4. The firm earned “Outperform” rating on Friday, July 24 by FBR Capital. The firm has “Buy” rating given on Wednesday, June 1 by Citigroup. Citigroup maintained Under Armour Inc (NYSE:UA) rating on Friday, July 24. Citigroup has “Buy” rating and $114 price target. The stock of Under Armour Inc (NYSE:UA) has “Neutral” rating given on Wednesday, June 1 by Goldman Sachs. DA Davidson maintained the shares of UA in a report on Friday, June 3 with “Buy” rating. The rating was downgraded by Cowen & Co on Wednesday, October 26 to “Market Perform”. The rating was maintained by Piper Jaffray on Wednesday, August 12 with “Buy”. Telsey Advisory Group maintained Under Armour Inc (NYSE:UA) rating on Wednesday, June 1. Telsey Advisory Group has “Outperform” rating and $49 price target.
According to Zacks Investment Research, “Under Armour, Inc. is involved in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. It operates primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific and Latin America. The company’s Under Armour Connected Fitness(TM) platform provides digital health and fitness community through UA Record, MapMyFitness, Endomondo and MyFitnessPal applications. Under Armour, Inc. is headquartered in Baltimore, Maryland.”
More recent Under Armour Inc (NYSE:UA) news were published by: Bloomberg.com which released: “Under Armour Tumbles After Forecast Renews Fears of Slowdown” on October 25, 2016. Also Fool.com published the news titled: “Under Armour Inc’s Bearish Run Could Be Your Chance to Buy In” on November 02, 2016. Seekingalpha.com‘s news article titled: “This Is The Price To Enter Under Armour” with publication date: November 16, 2016 was also an interesting one.
UA Company Profile
Under Armour, Inc., incorporated on July 01, 1996, is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s moisture-wicking fabrications are engineered in a range of creates and styles for wear in nearly every climate to provide an alternative to traditional products. The Company’s divisions include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.
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