Academy Sports and Outdoors Inc (ASO)’s latest performance is not what we had anticipated

Academy Sports and Outdoors Inc (NASDAQ: ASO) kicked off on Tuesday, down -5.23% from the previous trading day, before settling in for the closing price of $66.77. Over the past 52 weeks, ASO has traded in a range of $42.83-$75.73.

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A company in the Consumer Cyclical sector has jumped its sales by 5.71% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded -1.59%. With a float of $73.17 million, this company’s outstanding shares have now reached $74.35 million.

In an organization with 22000 employees, it is important to assess its efficiency.

Academy Sports and Outdoors Inc (ASO) Insider Updates

Our next focus will be how large-scale investors are participating in this stock of the Specialty Retail Industry. The insider ownership of Academy Sports and Outdoors Inc is 1.66%, while institutional ownership is 104.55%. The most recent insider transaction that took place on Jan 02 ’24, was worth 69,023. In this transaction Director of this company sold 1,065 shares at a rate of $64.81, taking the stock ownership to the 9,070 shares. Before that another transaction happened on Nov 15 ’23, when Company’s Director sold 1,065 for $50.00, making the entire transaction worth $53,250. This insider now owns 10,135 shares in total.

Academy Sports and Outdoors Inc (ASO) Performance Highlights and Predictions

In the latest quarterly report, which was put into the public domain on 1/30/2024, the organization reported $2.21 earnings per share (EPS), lower than consensus estimate (set at $2.31) by -$0.1. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.14 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -1.59% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.00% during the next five years compared to 95.10% growth over the previous five years of trading.

Academy Sports and Outdoors Inc (NASDAQ: ASO) Trading Performance Indicators

Take a look at Academy Sports and Outdoors Inc’s (ASO) current performance indicators. Last quarter, stock had a quick ratio of 0.51. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.76. Likewise, its price to free cash flow for the trailing twelve months is 14.36.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 6.72, a number that is poised to hit 1.25 in the next quarter and is forecasted to reach 7.59 in one year’s time.

Technical Analysis of Academy Sports and Outdoors Inc (ASO)

Let’s dig in a bit further. During the last 5-days, its volume was 1.53 million. That was better than the volume of 1.35 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 38.29%. Additionally, its Average True Range was 2.48.

During the past 100 days, Academy Sports and Outdoors Inc’s (ASO) raw stochastic average was set at 60.50%, which indicates a significant increase from 11.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 54.49% in the past 14 days, which was higher than the 40.63% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $68.24, while its 200-day Moving Average is $56.85. However, in the short run, Academy Sports and Outdoors Inc’s stock first resistance to watch stands at $65.36. Second resistance stands at $67.43. The third major resistance level sits at $68.56. If the price goes on to break the first support level at $62.15, it is likely to go to the next support level at $61.02. Assuming the price breaks the second support level, the third support level stands at $58.95.

Academy Sports and Outdoors Inc (NASDAQ: ASO) Key Stats

The company with the Market Capitalisation of 4.71 billion has total of 74,405K Shares Outstanding. Its annual sales at the moment are 6,159 M in contrast with the sum of 519,190 K annual income. Company’s last quarter sales were recorded 1,795 M and last quarter income was 168,170 K.