Under Armour Inc (NYSE: UAA) stock closed at $7.23 on 3/14/24 after a major decline of -10.7%. Moreover, this decline was accompanied by exceptionally high trading volume at 428% of normal. The stock has declined -16.0% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
UAA is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Under Armour has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Under Armour has a neutral Appreciation Score of 59 but a good Power Rating of 80, resulting in the Positive Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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