AS Stock Summary and Trading Ideas (Amer Sports | NYSE:AS)

Amer Sports manages a diverse portfolio of 10 outdoor and action sports brands that collectively generated revenue of $4.4 billion in 2023. Although primarily owned by the Chinese conglomerate Anta Sports, Amer operates with a degree of autonomy. In its rapidly expanding China business, the company is subject to closer oversight, but it manages its operations outside of China with relative independence. In 2023, the firm generates 40% of its revenue from the Americas, 33% from Europe, the Middle East, and Africa, 19% from China, and 7% from Asia-Pacific, excluding China.

Amer Sports trades on the NYSE stock market under the symbol AS.

As of November 1, 2024, AS stock price declined to $17.82 with 921,370 million shares trading.

AS has a beta of 1.36, meaning it tends to be more sensitive to market movements. AS has a correlation of 0.11 to the broad based SPY ETF.

AS has a market cap of $9.00 billion. This is considered a Mid Cap stock.

Last quarter Amer Sports reported $994 million in Revenue and $.05 earnings per share. This beat revenue expectation by $46 million and exceeded earnings estimates by $.11.

The top ETF exchange traded funds that AS belongs to (by Net Assets): IWR, FBCG, IWD, IWS, IPO.

AS support price is $17.25 and resistance is $18.45 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AS shares will trade within this expected range on the day.