Last Updated: 19 Sep 2024
Executive Summary
Amer Sports, Inc. (AS) is a leading global sporting goods company with a market capitalization of $8.13 billion. Despite a challenging operating environment, the company has reported steady revenue growth in recent quarters. However, profitability remains a concern, with negative profit and return on equity margins. Analysts remain bullish on the stock, with a majority rating it as a "Buy" or "Strong Buy."
Company Overview
Amer Sports designs, manufactures, and markets a wide range of sports equipment, apparel, and accessories. Its portfolio includes iconic brands such as Salomon, Atomic, Arc'teryx, and Wilson. The company has a global presence, with operations in over 100 countries.
Fundamental Analysis
Revenue: Amer Sports reported revenue of $4.25 billion for the trailing twelve months, representing a 0.35% increase year-over-year.
Profitability: The company's profitability metrics are weak, with a negative profit margin of -6.21% and an operating margin of 8.88%.
Return on Equity: Amer Sports has a return on equity of 0%, indicating that it is not generating a positive return on its shareholders' investment.
Earnings Per Share: The company's diluted EPS for the trailing twelve months is not available.
Technical Analysis
52-Week High/Low: The stock's 52-week high is $18.23, while its 52-week low is $10.11.
Moving Averages: The stock's 50-day and 200-day moving averages are both at $15.02.
Support/Resistance: Key support levels are at $14.00 and $13.00, while key resistance levels are at $16.00 and $17.00.
Short Term Outlook
In the short term, Amer Sports' stock is likely to trade within a range of $14.00 to $16.00. The stock's technical indicators suggest that it is currently in a neutral trend.
Long Term Outlook
Analysts are generally bullish on Amer Sports' long-term prospects. The company's strong brand portfolio and global reach position it well to capitalize on the growing demand for sporting goods. However, the company's profitability challenges need to be addressed in order to unlock its full potential.
Analyst Recommendations
Analysts have a positive outlook on Amer Sports, with a majority rating it as a "Buy" or "Strong Buy." The average analyst target price is not available.
