In the meantime, Wells Fargo downgraded its Amer Sports Inc [AS] rating to an Equal weight from a an Overweight in a research note published on October 14, 2024; the price target was increased to $19 from $17. A number of analysts have revised their coverage, including Bernstein’s analysts, who decreased its forecast for the stock in early April from “an Outperform” to “a Mkt perform”. Wells Fargo began covering AS with “an Overweight” recommendation on February 26, 2024. UBS started covering the stock on February 26, 2024. It rated AS as “a Buy”.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Price Performance Review of AS
On Tuesday, Amer Sports Inc [NYSE:AS] saw its stock jump 5.78% to $20.67. Over the last five days, the stock has gained 3.51%. Amer Sports Inc shares have risen nearly 54.25% since the year began. SMA at 50 days reached $17.57, while 200 days put it at $14.96.
Levels Of Support And Resistance For AS Stock
The 24-hour chart illustrates a support level at 19.19, which if violated will result in even more drops to 17.70. On the upside, there is a resistance level at 21.53. A further resistance level may holdings at 22.38. The Relative Strength Index (RSI) on the 14-day chart is 64.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.64%. Stochastics %K at 72.21% indicates the stock is a holding.
How much short interest is there in Amer Sports Inc?
A steep rise in short interest was recorded in Amer Sports Inc stocks on 2024-10-31, growing by 0.28 million shares to a total of 6.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 6.19 million shares. There was a rise of 4.26%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 26, 2024 when TD Cowen began covering the stock and recommended ‘”an Outperform”‘ rating along with a $18 price target.
