Amer Sports Inc (AS): Not A Time To Panic Nor Freeze

Amer Sports Inc (AS) concluded trading on Thursday at a closing price of $26.88, with 5.05 million shares of worth about $135.8 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 87.58% during that period and on December 12, 2024 the price saw a gain of about 4.35%. Currently the company’s common shares owned by public are about 505.56M shares, out of which, 65.81M shares are available for trading.

Stock saw a price change of 7.95% in past 5 days and over the past one month there was a price change of 34.60%. Over the period of past 52 weeks, stock dropped to lowest price of $10.11 but also hit the highest price of $26.85 during that period. The average intraday trading volume for Amer Sports Inc shares is 2.69 million. The stock is currently trading 11.27% above its 20-day simple moving average (SMA20), while that difference is up 29.35% for SMA50 and it goes to 70.64% higher than SMA200.

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Amer Sports Inc (NYSE: AS) currently have 505.56M outstanding shares and institutions hold larger chunk of about 9.62% of that.

The stock has a current market capitalization of $14.69B. It has posted earnings per share of -$0.07 in the same period. It has Quick Ratio of 0.77 while making debt-to-equity ratio of 0.68. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AS, volatility over the week remained 4.08% while standing at 5.06% over the month.

Stock’s fiscal year EPS is expected to rise by 229.07% while it is estimated to increase by 49.39% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on October 14, 2024 offering an Equal weight rating for the stock and assigned a target price range of between $17 and $19 to it. On February 26, 2024, Wells Fargo Initiated their recommendations, while on February 26, 2024, UBS Initiated their ratings for the stock with a price target of $23. Stock get an Outperform rating from TD Cowen on February 26, 2024.

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