The stock of Under Armour Inc (NYSE:UA) hit a new 52-week low and has $28.39 target or 9.00% below today’s $31.20 share price. The 9 months bearish chart indicates high risk for the $12.30B company. The 1-year low was reported on Oct, 31 by Barchart.com. If the $28.39 price target is reached, the company will be worth $1.11B less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 3.95M shares traded hands. Under Armour Inc (NYSE:UA) has declined 25.90% since March 29, 2016 and is downtrending. It has underperformed by 29.38% 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. The stock has “Buy” rating given by Stifel Nicolaus on Thursday, September 17. The stock of Under Armour Inc (NYSE:UA) has “Market Perform” rating given on Wednesday, October 26 by Telsey Advisory Group. The stock of Under Armour Inc (NYSE:UA) has “Buy” rating given on Tuesday, August 11 by Canaccord Genuity. Piper Jaffray downgraded the stock to “Neutral” rating in Wednesday, October 14 report. The firm earned “Outperform” rating on Wednesday, June 1 by Telsey Advisory Group. As per Friday, December 18, the company rating was initiated by Mizuho. Vetr upgraded Under Armour Inc (NYSE:UA) on Friday, August 7 to “Hold” rating. Piper Jaffray maintained it with “Buy” rating and $113 target price in Wednesday, August 12 report. The rating was upgraded by B. Riley & Co on Friday, January 29 to “Buy”. Piper Jaffray maintained Under Armour Inc (NYSE:UA) rating on Monday, November 30. Piper Jaffray has “Neutral” rating and $88.0 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 notable 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 Seekingalpha.com with their article: “Under Armour: Great Brand, But Good Company” published on October 31, 2016, Investorplace.com published: “It’s Judgment Day for Under Armour Inc (UA) Stock” on October 28, 2016. More interesting news about Under Armour Inc (NYSE:UA) were released by: Investorplace.com and their article: “Under Armour Inc (UA) Stock’s MLB Deal Could Be a Home Run” published on October 27, 2016 as well as Seekingalpha.com‘s news article titled: “Under Armour Is A Long-Term Sell” with publication date: October 31, 2016.
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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