(Finance) – Neglected session for Under Armourwhich shows a timid +0.15%.
In the fourth quarter of fiscal 2024, the useful they collapsed from 170.6 million dollars, equal to 38 cents per share, to 6.6 million, (2 cents). THE revenues they fell 5% annually to $1.33 billion. It disappoints guidance for the fiscal year 2025, with adjusted earnings estimates of between 18 and 21 cents per share, versus the consensus of 59 cents. Added to this is the JP Morgan downgrade which downgraded the sportswear group’s shares to “underweight” from “neutral”.
The progress of Under Armour in the week, compared toS&P-500detects a lower relative strength of the stock, which could become prey to sellers ready to take advantage of potential weaknesses.
The medium-term analysis confirms the positive trend of Under Armour. Although the short term highlights an easing of the bullish line at the test of the USD 6.727 top. First support seen at 6.497. Technically, a negative development towards the support 6.343 is expected in the short term.