Following these proceedings, HSBC Securities downgraded its Amer Sports Inc [AS] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in mid October from “an Overweight” to “an Equal weight”. Bernstein also remained covering AS and has decreased its forecast on April 08, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. Wells Fargo started covering the stock on February 26, 2024. It rated AS as “an Overweight”.
Price Performance Review of AS
On Tuesday, Amer Sports Inc [NYSE:AS] saw its stock fall -0.40% to $29.74. Over the last five days, the stock has gained 4.72%. Amer Sports Inc shares have risen nearly 6.37% since the year began. SMA at 50 days reached $24.03, while 200 days put it at $16.76.
Levels Of Support And Resistance For AS Stock
The 24-hour chart illustrates a support level at 29.26, which if violated will result in even more drops to 28.79. On the upside, there is a resistance level at 30.28. A further resistance level may holdings at 30.83. The Relative Strength Index (RSI) on the 14-day chart is 72.34, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.06, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 38.17%. Stochastics %K at 72.81% 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 UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $23 price target.
