Investor’s Delight: Academy Sports and Outdoors Inc (ASO) Closes Weak at 54.34, Down -0.79

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The closing price of Academy Sports and Outdoors Inc (NASDAQ: ASO) was $54.34 for the day, down -0.79% from the previous closing price of $54.77. In other words, the price has decreased by -$0.79 from its previous closing price. On the day, 1.64 million shares were traded. ASO stock price reached its highest trading level at $55.25 during the session, while it also had its lowest trading level at $53.61.

Ratios:

Our analysis of ASO’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.10. For the most recent quarter (mrq), Quick Ratio is recorded 0.41 and its Current Ratio is at 1.62. In the meantime, Its Debt-to-Equity ratio is 0.90 whereas as Long-Term Debt/Eq ratio is at 0.83.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, UBS on June 12, 2024, Downgraded its rating to Neutral and sets its target price to $58 from $81 previously.

On June 11, 2024, BofA Securities Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $75 to $63.

On April 12, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $85.Jefferies initiated its Buy rating on April 12, 2024, with a $85 target price.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Apr 23 ’24 when Tweedy Jeffrey C. sold 1,200 shares for $60.00 per share. The transaction valued at 72,000 led to the insider holds 7,870 shares of the business.

Tweedy Jeffrey C. sold 1,065 shares of ASO for $69,023 on Jan 02 ’24. The Director now owns 9,070 shares after completing the transaction at $64.81 per share. On Nov 15 ’23, another insider, Tweedy Jeffrey C., who serves as the Director of the company, sold 1,065 shares for $50.00 each. As a result, the insider received 53,250 and left with 10,135 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ASO now has a Market Capitalization of 3919294208 and an Enterprise Value of 5248498688. As of this moment, Academy’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.30, and their Forward P/E ratio for the next fiscal year is 7.45. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.59. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.64 while its Price-to-Book (P/B) ratio in mrq is 2.07. Its current Enterprise Value per Revenue stands at 0.855 whereas that against EBITDA is 6.838.

Stock Price History:

The Beta on a monthly basis for ASO is 1.34, which has changed by 0.09204185 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, ASO has reached a high of $75.73, while it has fallen to a 52-week low of $42.83. The 50-Day Moving Average of the stock is -3.74%, while the 200-Day Moving Average is calculated to be -5.46%.

Shares Statistics:

ASO traded an average of 1.59M shares per day over the past three months and 2412450 shares per day over the past ten days. A total of 74.35M shares are outstanding, with a floating share count of 71.01M. Insiders hold about 1.55% of the company’s shares, while institutions hold 100.14% stake in the company. Shares short for ASO as of 1715731200 were 4784963 with a Short Ratio of 3.14, compared to 1713139200 on 4351539. Therefore, it implies a Short% of Shares Outstanding of 4784963 and a Short% of Float of 11.540000000000001.

Dividends & Splits

With its trailing 12-month dividend rate of 0.4, ASO has a forward annual dividend rate of 0.40. Against a Trailing Annual Dividend Yield of 0.007317966

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